XRP To Triple Digits? Analyst Confident In $100 Price Goal

Source Newsbtc

As one of the top-performing digital assets in the 4Q of 2024, it’s only natural that Ripple’s XRP attracts attention from its detractors and bullish supporters. The bearish sentiment has been wearing down the asset in the last few weeks, pushing the altcoin to as low as $1.96 last March 11th, the lowest in its three-month chart.

XRP has been highly volatile this month, trading between $2.30 and $2.47, still down by 1.6% from its previous month’s price. 

The sentiment is still bearish, but for some crypto analysts like Captain, XRP is set to increase, with $100 as its realistic target. Egrag Crypto, on the other hand, offers a more conservative estimate, saying that XRP can reach double digits this cycle.

Analyst Sets $100 As ‘Realistic’ Target

In a recent Twitter/X post, XRP Captain (@UniverseTwenty) shared that $100 is Ripple’s realistic target this cycle. The post has now received dozens of replies, but it leaves more questions than answers. For example, the crypto analyst failed to identify the timeframe for this surge or the factors or events that can trigger this surge.

XRP Captain’s latest tweet comes just as Egrag Crypto (@egragcrypto) added his thoughts on the coin’s direction. In the Twitter/X thread, Egrag Crypto boldly claims that XRP will hit double digits this cycle and surge to triple digits next.

To justify his predictions for the short term, Egrag Crypto used his “Just Do It” chart. He explained that the measured wave or cup pattern movement has formed within the arc, then added that the potential to this movement is $13.

Will XRP Break Past $300?

Ripple has a few bullish supporters right now, with crypto commentator Dark Defender adding his thoughts on the asset’s latest performance. According to Dark Defender, XRP can surge to $333 if it duplicates its impressive performance during the 2017 bull run. 

Dark Defender’s arguments and predictions for XRP received plenty of criticism. Some argue that XRP will not achieve this market price due to its market cap. Based on the current circulating tokens, XRP’s market cap will hit $1.6 trillion if its price just hits $280. Dark Defender shot down this argument and added that a crypto market cap doesn’t matter and is “just an illusion.”

Featured image from Pexels, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
XRP Price Must Close Above This Level For Bullish Breakout, Analyst WarnsXRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March
Author  NewsBTC
Yesterday 01: 07
XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March
placeholder
Gold Price Forecast: XAU/USD holds positive ground near $3,000 on safe-haven demandGold price (XAU/USD) remains strong near $2,985 after retracing from an all-time high of $3,005 during the early Asian session on Monday.
Author  FXStreet
Yesterday 01: 21
Gold price (XAU/USD) remains strong near $2,985 after retracing from an all-time high of $3,005 during the early Asian session on Monday.
placeholder
EUR/USD wobbles as Fed’s policy takes center stageEUR/USD trades in a tight range below the key level of 1.0900 in European trading hours on Monday.
Author  FXStreet
20 hours ago
EUR/USD trades in a tight range below the key level of 1.0900 in European trading hours on Monday.
placeholder
[IN-DEPTH ANALYSIS] Trump Policies: Market Overreacted, Remain Bullish on StocksExecutive SummaryThere’s no doubt that Trump’s high tariffs and retaliatory measures from trade partners alone could dampen the upward momentum of U.S. and European stock markets. However, Trump’s pot
Author  TradingKey
20 hours ago
Executive SummaryThere’s no doubt that Trump’s high tariffs and retaliatory measures from trade partners alone could dampen the upward momentum of U.S. and European stock markets. However, Trump’s pot
placeholder
Will the Fed Rescue the Plunging U.S. Stocks? Can Powell Act—or Even Try—at the March Meeting?TradingKey – The early days of Trump’s return to the White House have failed to deliver the "Make America Great Again" (MAGA) rally investors hoped for, instead pushing the S&P 500 into correction ter
Author  TradingKey
19 hours ago
TradingKey – The early days of Trump’s return to the White House have failed to deliver the "Make America Great Again" (MAGA) rally investors hoped for, instead pushing the S&P 500 into correction ter
goTop
quote