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XRP To Triple Digits? Analyst Confident In $100 Price Goal | Global News Avenue

XRP To Triple Digits? Analyst Confident In $100 Price Goal

As one of the best digital assets in Q4 2024, it is natural for Ripple’s XRP to attract the attention of its critics and bullish supporters. Bearish sentiment has been undercutting assets over the past few weeks, reducing the altcoin to $1.96 on March 11 last year, its lowest in three months.

XRP Liquidity was highly volatile this month, trading between $2.30 and $2.47, still down 1.6% from last month’s price.

Sentiment remains bearish, but for crypto analysts like Captain, XRP will increase with a target of $100. Egrag Crypto, on the other hand, provides a more conservative estimate that XRP can reach double digits of this cycle.

Analysts set $100 as a “realistic” target

In a recent Twitter/X post, XRP Captain (@universetwenty) shared that $100 is Ripple’s realistic goal for this cycle. The post has received dozens of replies now, but it leaves more questions than answers. For example, crypto analysts fail to identify the timeline of this surge or the factors or events that may trigger this surge.

XRP Captain’s latest tweet is because Egrag Crypto (@egragcrypto) adds his thoughts in the direction of the coin. In Twitter/X threads, Egrag Crypto boldly claims that XRP will hit the cycle and surge in double digits on the next three digits.

To justify his short-term predictions, Egrag Crypto used his “Just Do It” chart. He explained that the measured wave or cup mode movement had formed in the arc, then added that the movement had a potential of $13.

Will XRP exceed $300?

Ripple now has some bullish supporters, and crypto commentator Dark Defender has put forward his ideas for the latest performance of the assets. According to Dark Defender, if XRP repeats its impressive performance in the 2017 Bull Run, XRP can rise to $333.

Dark Defender’s arguments and predictions about XRP have been criticized a lot. Some people believe that XRP will not be able to reach this market price due to market value. According to the current tokens in circulation, if the price reaches only $280, XRP’s market capitalization will reach $1.6 trillion. The Dark Attorney knocked down the argument, adding that the cryptocurrency market capitalization was irrelevant and “just a fantasy.”

Featured images from Pexels, charts for TradingView

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