Despite concern Commenting on the XRP price performance in this market cycle, the cryptocurrency expert elaborated on why he believes the cryptocurrency token is still here to stay. recorded significant profits. He even predicts that XRP could rise as follows: Up to $10.
Why XRP price could rise to $10
Nick, founder of Web3Alert, mentioned on X (formerly Twitter) post His XRP price range in this market cycle is between $5 and $10. According to him, this means that ETH $7,500 and $10,000 Bitcoin will rise between: $100,000 and $150,000.
Nick noted that if the price of XRP rises between $5 and $10, its market capitalization will reach $500 billion and $1 trillion, respectively. This puts the cryptocurrency token’s market capitalization in a similar category to Bitcoin and Ethereum, and could be worth up to $2.9 trillion, or up to $1.2 trillion if price predictions fully come true.
That said, Nick argues that it wouldn’t be a stretch for XRP to reach this price, as there’s still plenty of room for growth for the two largest cryptocurrency tokens by market capitalization. Bitcoin and Ethereum. As the prices of these two tokens continue to rise, he expects XRP to follow suit. Interestingly, he called his XRP forecast “conservative,” suggesting that XRP could go much higher.
Following Nick’s claims, another X user Advert It does not seem appropriate to compare XRP to Bitcoin and Ethereum because the price predictions for BTC and ETH are only at 2x, unlike XRP which needs 10x in price to hit its target. fig responded This simply shows that XRP is undervalued and offers great ROI opportunities in this cycle.
Belief in the potential of XRP
Nick joins the growing list of cryptocurrency analysts who have expressed optimism about XRP’s potential in this market cycle. Despite poor performance This starts the bull run. Cryptocurrency expert Jack Rector also Recently shared He gave his beliefs and reasons why XRP can still perform well in this bull market.
He didn’t make a price prediction, but hinted: XRP Basics This is one of the reasons why he holds this belief. Meanwhile, technical analysts like Egrag Crypto have also made bullish price predictions for XRP as we enter this market cycle. Egrag even proposal At the peak of this bull market, the price of XRP could rise to $27.
At the time of writing, the price of XRP is said to be trading around $0.58, down more than 3% in the last 24 hours. data From CoinMarketCap.
Token price retests $0.6 | Source: XRPUSDT on Tradingview.com
Featured image from Coinape, chart from Tradingview.com
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