Analysts provide insights on the potential growth of XRP following its recent surge above $1. This rally allowed XRP to reach its highest level in two years amidst a general rise in the cryptocurrency market.
Can XRP Reach $4?
Analyst Egrag Crypto noted that after XRP crossed above $1, it holds potential to rise to $4.96. An analysis of XRP's market cap suggests it could reach $1.83 trillion based on Fibonacci levels, though this trillion-dollar target appears quite ambitious.
Other Analysts’ Predictions
Analyst Javon Mark predicts a possible 190% surge for XRP leading to its all-time high. According to predictions, this cryptocurrency may surpass its ATH level of $3.3. Analyst Charting Guy forecasts that XRP’s price might replicate its significant increase from 2017, where it grew over 61,000%.
Comments from Ripple’s CEO
Ripple CEO Brad Garlinghouse stated that crypto-friendly policies during the Trump administration contributed to XRP’s recent rally. Last week, XRP gained over 100% amidst rumors of the SEC chair’s resignation.
The positive outlook for XRP is further supported by significant purchasing activity from large investors. Whales have bought over 320 million XRP in the last 72 hours, increasing the likelihood of sustainable price growth.
