Despite a lackluster recent history for XRP, some crypto pundits remain optimistic about the altcoin’s future price. A few of these professionals predict that XRP‘s value will increase significantly from its present position. One particular analyst goes so far as to project that XRP could reach a price of $20 during the upcoming bull market.
XRP Price On The Verge Of Breakout
Matt Dixon, the CEO of crypto evaluation platform, Evai, is among the crypto specialists expressing optimistic views about the price of XRP. He recently announced on his social media (previously Twitter) that the trading volume for XRP has been increasing positively in recent periods.
During that period, the crypto CEO presented the Evai chart indicating a nearly 42% surge in XRP‘s daily trading volume, reaching over $2.1 billion. According to Dixon, this significant boost in trading activity suggests growing enthusiasm towards XRP as an altcoin.
In simple terms, when there’s more curiosity about a cryptocurrency, people usually want to buy more of it. This heightened desire can push up the price. The CEO of Evai expressed this belief, as they noticed a rise in trading activity and attention towards XRP, indicating that its price was likely to surge soon.
Despite Dixon’s prediction, the price of XRP hasn’t changed significantly in the short term. Currently, it hovers around $0.61, showing a minimal increase of 0.96% over the past day.
Can Price Get To $20?
Several analysts hold diverse views regarding XRP‘s price trajectory during the next bull market, ranging from moderately optimistic to extremely bullish. However, there is a widespread belief that the price of XRP could experience significant growth once regulatory clarity emerges from the ongoing Ripple versus SEC legal case.
Crypto expert Armando Patoja makes a bold forecast, predicting a surge of over 3,000% in XRP‘s value. Contrary to other predictions that set XRP‘s price at $5, Patoja believes this estimate undervalues the capabilities of the altcoin.
By himself, the crypto expert is convinced that the XRP price may still climb higher, possibly hitting the range of $10 to $20. In his viewpoint, predicting a mere $5 for XRP is akin to believing Bitcoin would max out at $1,000 back in 2015.
There people saying #XRP will reach $5 are significantly underestimating.
The growth pattern of XRP resembles Bitcoin‘s surge in 2015, indicating a potential value between $10 and $20. What do you think?
— Armando Pantoja (@_TallGuyTycoon) April 6, 2024
Despite the expanding base of XRP supporters, Patoja’s prediction has met with skepticism. A community member voiced their doubt, explaining that major projects have been moving away from the XRP Ledger towards other platforms due to a perceived lack of development activity. With fewer builders on board, this individual questions whether XRP possesses the momentum to reach such heights.
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2024-04-11 08:07