HomeXRP NewsXRP Rally Predicted: Analyst Foresees 'Face-Melting' Ripple in Double Digits

XRP Rally Predicted: Analyst Foresees ‘Face-Melting’ Ripple in Double Digits

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What to Know:

  • XRP is trading 10% higher than last week, fuelling massive predictions for the future.
  • Noted Ripple enthusiast, Cobb, predicts a potential surge to double-digit price territory.
  • XRP has successfully surpassed the $3.00 resistance, now ranking as the third-largest cryptocurrency by market cap.

The crypto market has been buzzing with activity, with various digital assets experiencing resurgence. Bitcoin has surged past the $120,000 mark for the first time since mid-August, BNB has charted another all-time high, and altcoins like ZEC have registered triple-digit gains. Amid this market activity, Ripple’s XRP has also made impressive strides, trading 10% higher than it did last Friday.

This upward trajectory has energized the XRP Army, leading to bold forecasts for the future of this asset.

Among the zealous members of the Ripple community, Cobb stands out with his bullish predictions. He suggests a surge well into the double-digit price territory for Ripple’s token. His graph, viewed skeptically by some due to its simplicity, indicates that the asset could see a dramatic rise to around $14-$15.

While this may seem overly optimistic considering XRP’s current struggle to maintain above the $3.00 mark, such a leap would mean a colossal surge of approximately 400%. This would catapult the market cap to an astounding $900 billion, nearly doubling Ethereum’s current valuation.

Although this scenario may seem unlikely, it’s important to note that XRP has demonstrated the potential for such exponential growth in a relatively short time span. Just a year ago, before the US elections, XRP was languishing below $0.60. However, by January 2025, it had skyrocketed by over 500% to match its then all-time high of $3.4.

Such astonishing price hikes are more feasible when the overall valuation of the underlying asset is smaller, as was the case with XRP last year.

Presently, the XRP Army can take solace in the fact that the token has overcome the critical $3.00 resistance. Furthermore, it has overtaken USDT to claim the third spot in terms of cryptocurrency market cap.

In conclusion, while the predictions for a ‘face-melting’ XRP rally might be speculative, the token’s recent performance and historical growth patterns provide grounds for optimism. As the crypto market continues to evolve, driven by regulations and institutional adoption, the future of XRP remains an exciting prospect for investors and traders alike.

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