XRP price surged past $2 after last week's dip, fueled by analysts' bullish predictions. While some foresee a potential rally to $100, achieving this would require a market cap exceeding $5 trillion, a highly improbable scenario.
XRP recovered to $2.18 after dropping below $2 last week, with analysts predicting a potential rally. While some foresee the asset reaching $100 in the future, achieving this would require an unrealistic market cap exceeding $5 trillion.The cryptocurrency market correction, which started last week, negatively affected numerous leading digital assets. Ripple’s XRP is one of those, with its price plunging from $2.70 to under $2 a few days later.
Recently, the bulls recovered some lost ground, pushing the asset’s valuation to the current $2.18.Despite the fluctuations, multiple analysts on crypto X continue to predict new peaks for XRP in the short term. Mikybull Crypto, for instance, says that XRP’s chart “is looking spicy on its current retest,” expecting a rise to a new all-time high of $4. XRP could head toward lower targets if it tumbled below $2. On the other hand, breaking above $2.65 could mean that “fireworks will ignite.” One analyst even says, “I could have bought XRP at $2, $5, or $7, and will FOMO in at $100.” The beauty in this. Everyone will win in the long run! It’s the short-term mindset that destroys portfolios!” It is important to note that reaching a whopping target of $100 will require XRP’s market cap to skyrocket above $5 trillion. As of this writing, the entire capitalization of the crypto sector is less than $3.5 trillion, making the forecast quite unplausible (to say the least). Another analyst speculates that “the final pump for 2024 is loading,” speculating that the price might rally to as high as $12 next month.
XRP CRYPTO MARKET PRICE PREDICTION BULLISH MARKET CAP
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