TL;DR
After falling below $2 last week, XRP has recovered to $2.18, and analysts are predicting a potential rally.
Some predict that assets will reach $100 in the future, but achieving this would require an unrealistic market capitalization of over $5 trillion.
Is the XRP rally coming?
The correction in the cryptocurrency market that began last week has had a negative impact on a number of major digital assets. Ripple’s XRP is one of them, with prices plummeting from $2.70. December 17th After a few days, it will be less than $2. Recently, bulls have regained lost ground and pushed the asset’s valuation to its current level of $2.18.
Despite the volatility, multiple CryptoX analysts continue to predict a new peak for XRP in the short term. For example, the Mickey Bull cipher is claimed “The current retest looks tough,” he said of XRP’s chart, predicting a rise to an all-time high of $4.
EGRAG CRYPTO, for its part, presented two possible scenarios. analyst expected If XRP falls below $2, it could head towards a lower target. On the other hand, a break above $2.65 could mean “fireworks.”
X user nicknamed Coach, JV Also A few days ago they claimed XRP will be one of the cryptocurrencies investors will regret not buying now:
“XRP is intention “I could have bought XRP for $2, $5, or $7, but I’m FOMO at $100.” This beauty. Everyone wins in the long run! It’s short-term thinking that destroys portfolios. ”
It is important to note that to reach the whopping goal of $100, XRP’s market cap would need to skyrocket past $5 trillion. As of this writing, the total capitalization of the entire crypto sector is less than $3.5 trillion, making this prediction quite implausible (to say the least).
previous predictions
Other recent industry participants include X users Crypto Bitlord and CrediBULL Crypto. former I believe “The last pump is in for 2024,” he said, speculating that prices could rise to $12 next month.
CrediBULL Crypto told X’s 450,000 followers: absolutely Great” and “The most bullish chart in the entire sector.” In this way, the analyst said They will consider opening a long position in the next few days.
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