Crypto Experts Predict Massive Price Surge For XRP Price, Is $20 Possible?
2024年4月11日 - 3:00AM
NEWSBTC
Crypto experts continue to be bullish on the XRP price despite the
poor performance that the altcoin has exhibited in recent times.
Some of these experts see the cryptocurrency’s price rising higher
from its current level, with one analyst expecting XRP to rise as
high as $20 in the coming bull market. XRP Price On The Verge Of
Breakout One of the crypto experts that has shown incredibly
bullish sentiment toward the XRP price is Matthew Dixon, the CEO of
crypto rating platform, Evai. Dixon took to X (formerly Twitter) to
share with the crypto community that the XRP trading volume had
been seeing positive headwinds in recent times. Related Reading:
Crypto Founder Warns Of Burgeoning Bitcoin Fire Sale, Here’s What
It Means At the time, the Evai chart shared by the the crypto CEO
showed that XRP had recorded an approximately 42% increase in its
daily trading volume to cross $2.1 billion. Using this increase in
trading volume, Dixon believes that it shows the rising interest in
the altcoin. Naturally, increased interest often translates to
increased demand, which can be bullish for a cryptocurrency’s
price. This was the thought shared by the Evai CEO who believed the
surge in trading volume and interest meant that the XRP price was
on the verge of a breakout. However, this does not seem to be the
case, at least in the short term, since the XRP price continues to
trend around the same level since Dixon first made the post. It is
hovering around $0.61 at the time of this writing, with a0.96% gain
in the last 24 hours. Can Price Get To $20? Predictions for the XRP
price going into the next bull market have had a wide variety, from
very conservative to very ambitious. For many, though, the
expectation is that the XRP price will rise very quickly as
regulatory clarity from the Ripple vs SEC case is fast approaching.
Crypto analyst Armando Patoja takes the ambitious route with his
own prediction, forecasting an over 3,000% price increase for XRP.
According to Patoja, the predictions that put XRP’s future price at
$5 severely underestimate the ability of the altcoin. On his own,
the crypto analyst believes that the XRP price has the potential to
rise even further to reach between $10 to $20. Patoja posits that
saying XRP will reach just $5 is like expecting Bitcoin to top out
at $1,000 in 2015. Related Reading: Shiba Inu Sees Bullish Reversal
In On-Chain Metrics, Can SHIB Price Recover? There people saying
#XRP will reach $5 are significantly underestimating. This is
similar to predicting #Bitcoin would cap at $1,000 in 2015. XRP is
on a trajectory akin to Bitcoin’s in 2015, with a rapidly growing
network effect.$XRP prediction: $10-$20. Thoughts? — Armando
Pantoja (@_TallGuyTycoon) April 6, 2024 Despite the growing XRP
community, it is no doubt that Patoja’s prediction has been
received with a grain of salt. One community member responded to
the post saying XRP could not possibly rise that high because major
projects who were building on the XRP Ledger have been abandoning
it for other chains because it is a dead chain. Due to the lack of
builders, they do not believe that XRP has the steam to run that
high. XRP trading at $0.61 | Source: XRPUSDT on Tradingview.com
Featured image from Watcher Guru, chart from Tradingview.com
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