Cryptocurrency Analyst Dark Defender It gave me some insight into how to do it. XRP price It may rise to $13. The analyst also suggested that the price of the cryptocurrency token could be much higher than that, considering other factors.
How XRP Rising to $13
in post on his X (formerly Twitter) platform. dark defender He stated that if the overall cryptocurrency market cap reaches $23.24 trillion within a year, the price of XRP could reach $13. He noted that the cryptocurrency market has become more valuable each year, growing from $816 billion a year ago to about $1.6 trillion today. He therefore expects a “third wave” to occur, with XRP rising with the tide.
The analyst also hinted that XRP is likely to be higher than $13 as this price level will be achieved without considering fundamentals. The basic principles he mentioned are: Regulatory clarity And the utility of XRP. Achieving legal clarity for XRP has been touted as one of its unique propositions. It paints an optimistic picture. For crypto tokens.
According to Dark Defender’s predictions, the price of XRP may double from the $13 price level by 2027. This is because analysts had set the overall cryptocurrency market cap at $100 trillion by then. previously postThe analyst also raised the possibility of institutional adoption of XRP, which could also contribute to a significant rise in the price of XRP.
Token price starts another retrace | Source: XRPUSD on Tradingview.com
XRP price setting to enjoy Bitcoin’s surge
Bitcoin rose as follows: Up to $47,000 With the approval of Bitcoin ETF Spot It looks imminent. Following BTC’s recent surge Cryptocurrency analyst CryptoInsightUK suggestion XRP could be next. He has previously offered a bullish note on altcoins, including XRP, as he stated that traders could make significant gains by rotating their profits into smaller market capitalization tokens.
In particular, he noted that this could be XRP’s time to shine as cryptocurrency tokens become closer than ever. move upward. Another reason this move seems imminent is because the narrative in the cryptocurrency community is “terrible” for XRP, the analyst said. As part of its 2024 forecast, CryptoInsightUk expects XRP to rise between $10 and $15 as BTC rises to $100,000.
He believes the next bull market rally will be similar to what happened in 2017. Interestingly, the analyst previously raised There is a possibility of a repeat of a rally similar to 2017, when XRP gained 61,000%.
As of this writing, XRP is reportedly trading at around $0.5724, up more than 2%. data From CoinMarketCap.
Featured image by Watcher Guru, Tradingview.com chart
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