XRP Could Hit $8.76 with a 180% Daily Surge

The XRP market has long been known for its potential to deliver sudden and explosive gains. Recently, renewed interest has emerged around what could happen if XRP repeats a historical intraday spike of 180%, with analysts speculating on a possible rally to unprecedented levels.

According to a recent analysis by Sistine Research, XRP once experienced an extraordinary 180% gain within a single trading day during its historic 2017 bull run. This event highlights the asset’s capability for sharp price escalations, and some market watchers believe such a move could eventually repeat under the right conditions.

A Look Back at XRP’s 2017 Explosion

In April 2017, XRP surprised investors with an unprecedented price surge. Starting the day at $0.0220, it catapulted to a peak of $0.0695—registering a jaw-dropping 216% gain before resistance pulled it back slightly. By the day’s close, XRP managed to hold firm above the $0.06 mark, closing at $0.0615 and notching a stunning 179.55% gain in just 24 hours. This remains the largest daily gain in XRP’s price history.

Though it experienced a sharp 47% correction the following day—April 3, 2017—the overall bullish trend remained intact. XRP continued its upward trajectory, eventually climbing to an all-time high of $3.84 by January 2018.

Could XRP Replicate a 180% Rally Today?

Fast-forward to the present, and discussions have resurfaced over whether XRP could once again post an intraday gain of similar magnitude. The speculation is timely, as XRP has shown signs of renewed strength, notably surpassing the $3 resistance and currently trading at $3.13.

If XRP were to shoot up by 180% from its current trading value, its price could soar to a new record of approximately $8.76. Such a development would send waves across the crypto industry, as it would not only mark a new all-time high but also dramatically increase XRP’s overall market valuation.

Based on this projected price, XRP’s market capitalization could balloon to $518 billion—a staggering $332 billion increase over its current level. While a rise of this scale may appear unlikely at first glance, closer analyses suggest that such a market cap spike wouldn’t necessarily require a proportional influx of new capital.

Valuation Multipliers and Capital Requirements

Market insight from analyst Dom, shared in May, highlighted that XRP managed to add $16.6 billion to its market cap with just $61 million in actual buy pressure. This creates an estimated inflow-to-valuation multiplier of about 272x. Applying this ratio, XRP would only need around $1.22 billion in strategic buy pressure to achieve a $332 billion increase in valuation—showing the power of leveraged market movements.

Though these scenarios remain speculative, they highlight XRP’s potential for volatility and rapid chart-breaking moves under the right market conditions.

Recent Spikes Reinforce Possibility

XRP has already exhibited its ability to initiate fast bullish trends. For instance, on March 2 of this year, XRP jumped 34% in a single day, boosting its market value by $43 billion. Another recent example occurred on July 13, 2023, when the token surged 73% shortly after Judge Analisa Torres issued a pivotal ruling in Ripple’s legal battle with the SEC.

Related: XRP Price: $12M Max Pain for Bears

While a 180% daily gain sounds extreme, XRP’s history—and its massive community support and ecosystem—make such a surge, though rare, not entirely out of reach. As industry observers continue to monitor crypto market catalysts, XRP remains one of the few digital assets with the capability to deliver such dramatic results—should the stars align.