Altcoins
Crypto Experts Predict Massive XRP Price Rise, Is $20 Possible?
Crypto experts continue to be bullish on XRP price despite the poor performance displayed by the altcoin in recent times. Some of these experts see the price of the cryptocurrency rising from its current level, with one analyst expecting XRP to rise as high as $20 during the next bull market.
XRP price is on the verge of breakout
One of the crypto experts who has shown incredibly optimistic sentiment towards the XRP Pricing is Matthew Dixon, CEO of crypto rating platform Evai. Dixon took to X (formerly Twitter) to share with the crypto community that XRP trading volume has been experiencing positive headwinds as of late.
At the time, the Evai card sharing The Crypto CEO showed that XRP saw an increase of around 42% in its daily trading volume to exceed $2.1 billion. Using this increase in trading volume, Dixon believes this shows the growing interest in the altcoin.
Naturally, increased interest often translates into increased demand, which can be bullish for the price of a cryptocurrency. This was the thought shared by the CEO of Evai, who believed that the increase in trading volume and interest meant that the XRP price was about to break.
However, this does not seem to be the case, at least in the short term, since the price of XRP continues to move around the same level since Dixon’s first publication. It is hovering around $0.61 at the time of writing, with a gain of 0.96% in the last 24 hours.
Can the price reach $20?
Predictions for the price of XRP before the next bull market vary widely, ranging from very conservative to very ambitious. For many, however, the wait is that the price of XRP will increase very quickly, as the regulatory clarity of the Ripple vs SEC case is fast approaching.
Crypto analyst Armando Patoja takes the ambitious route with his own prediction, predicting a price increase of over 3,000% for XRP. According to Patoja, predictions that place the future price of XRP at $5 severely underestimate the ability to altcoin.
The crypto analyst alone believes that the price of XRP has the potential to rise even further to reach between $10 and $20. Patoja claims that saying XRP will only reach $5 is like expecting Bitcoin to top out at $1,000 in 2015.
See more
There are people who say #XRP will reach $5 are significantly underestimated.
This amounts to predicting #Bitcoin would be capped at $1,000 in 2015. XRP is following a similar trajectory to Bitcoin in 2015, with a rapidly growing network effect.$XRP prediction: $10-$20. Thoughts?
– Armando Pantoja (@_TallGuyTycoon) April 6, 2024
Despite the growth XRP community, there is no doubt that Patoja’s prediction was received with a grain of salt. A member of the community replied to the message saying that XRP could not reach such a high level because large projects that relied on the XRP Ledger I dropped it for other channels because it’s a dead channel. Due to the lack of builders, they do not believe that XRP has steam to rise that high.
XRP trading at $0.61 | Source: XRPUSDT on Tradingview.com
Featured image from Watcher Guru, chart from Tradingview.com