Recent price fluctuations of XRP have sparked debates among analysts and supporters of the cryptocurrency. Predictions range from long-term ambitious goals to more conservative short-term expectations.
XRP Price Situation
The XRP price has dropped below $2.94 after reaching a recent peak of $3.65. At the time of writing, it stands at $2.80, with support around $3 being fiercely defended by buyers.
Ambitious XRP Predictions
Some commentators, such as John Squire, suggest that XRP could reach $134.50 if the asset tokenization market develops, implying a market capitalization near $8 trillion. However, skeptics point out the uncertainty behind such estimates.
XRP Short-term Outlook
Analysts like Ali Martinez report a buy signal near $2.80. He emphasizes that XRP could rebound towards $3.60 in the near weeks.
The uncertainty surrounding XRP's future largely depends on market conditions and adoption dynamics. Expectations vary from significant long-term targets to more subdued short-term forecasts.
