Crypto Analyst Predicts XRP Price Will Rally 50,000% To $250, Here’s When
2024年6月11日 - 10:00AM
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Crypto analyst Chad Steingraber has made an ultra-bullish price
prediction for the XRP price, stating that the crypto token’s price
could rise to three figures. The analyst also outlined when this
price target will be attained. XRP Will Hit $250 In This
Market Cycle Steingraber mentioned in an X (formerly Twitter) post
that XRP will reach $250 by 2025, which he believes will represent
the market top for the crypto token in this bull run. He made this
prediction while stating that Bitcoin and Ethereum will hit
$250,000 and $25,000 in 2025, which will also be their market top.
Related Reading: Crypto Analyst Gives Reasons Why A Face-Melting
Bull Run Is On The Horizon Steingraber has previously provided
several reasons why he is so bullish on XRP and believes the crypto
token could attain such heights. He once alluded to a potential XRP
ETF as one factor that could trigger significant price surges for
XRP. He explained that an XRP ETF would give the crypto token an
added utility as fund issuers for the XRP ETFs will direct their
assets into an institutional liquidity hub. He believes an
XRP ETF will drive more demand for the crypto token, ultimately
driving up its price when a supply shock occurs. Steingraber also
believes that the Securities and Exchange Commission’s (SEC)
lawsuit against Ripple is one of the factors suppressing XRP’s
price up until now. He had earlier claimed that XRP’s price
wasn’t going up because new money wasn’t flowing into its ecosystem
and affirmed that the crypto token would likely see an influx of
new money once the SEC’s case against Ripple is over. Steingraber
isn’t the only one who believes that XRP’s price could skyrocket
and climb to three figures once the lawsuit ends. Crypto
analyst JackTheRippler also predicted that XRP would rise above
$100 once the case ends. The analyst even gave a more bullish
prediction than Steingraber’s, stating that XRP hitting $10,000 was
achievable after the lawsuit. Crypto analyst CryptoBull also
predicted that XRP could reach three figures, rallying 28,900% to
$154. XRP Price To $7.5 In The Meantime Crypto analyst Egrag
Crypto has suggested that XRP rising to $7.5 is the price target to
watch before the crypto token reaches the heights analysts like
Steingraber predict. In an X post, he stated that “$7.5 is target
number 1.” Egrag went on to outline how this move to $7.5 will
likely take place. Related Reading: Litecoin Sees Massive 75%
Surge In Major Metric – Can This Trigger A Rally To $200? He stated
he is highly convinced that XRP will break the white triangle (on
the chart he shared) and hit the measured move at $1.5. From there,
he expects XRP to make its move to $7.5. However, he warned that
the Fib 1.618 zone where $7.5 is situated is “critical” and that a
lot of profit-taking will happen there, suggesting that XRP could
significantly decline once it reaches such heights. Egrag
added that the next targets for XRP will be “mid-double digits near
Fib 2.414 & 2.618” if XRP archives a weekly close above Fib
1.618. Featured image created with Dall.E, chart from
Tradingview.com
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