XRP Set for Major Rally in 2024, Analyst Predicts 4X Gain

XRP could be on the cusp of significant growth in 2024, with a top crypto analyst forecasting a quadruple increase in its value over the coming months.

The cryptocurrency market is slowly regaining momentum as Bitcoin continues to hover near the $110,000 mark. At the time of writing, Bitcoin trades at $107,000, registering a modest 0.25% uptick in the past day. This relatively stable performance is encouraging for altcoins, which are finding space to move upward.

In a recent post on X, a popular market analyst known as “Crypto Beast” outlined bullish forecasts for 14 different altcoins, including top projects like XRP and Solana. The projections estimate altcoin gains ranging from 100% to as much as 4,000%, with XRP falling near the top of that spectrum.

Bright Outlook for XRP and Solana

Among the headline predictions, XRP stands out with an anticipated 4X rise. As of now, XRP is valued at $2.23, having increased by 2.4% in the last 24 hours. If it achieves the predicted 4X gain, it would reach approximately $9. This level would not only push XRP into the near double-digit territory but also drive its market capitalization to around $525 billion.

Although this valuation would surpass Ethereum’s current capitalization of $311 billion, it remains below the projected $623 billion market cap ETH would reach if it hits the analyst’s forecasted price of $5,164. At $9 per XRP, its fully diluted valuation would approach the significant $1 trillion benchmark.

In comparison, Solana is currently priced at $153, and a 3X increase based on Crypto Beast’s projection would put it at around $459. These expectations reflect strong investor sentiment for both XRP and Solana amid a gradually strengthening altcoin market.

Some investors and analysts believe that even a $9 target for XRP could be a conservative estimate. Crypto influencer Javon Marks, for example, has shared an ambitious forecast of $100 for XRP during this cycle. His long-term outlook is grounded in technical patterns observed in previous price surges, suggesting significantly more upside could be in store if historical trends continue to play out.

Broader Altcoin Market Poised for Explosive Growth

According to Crypto Beast’s breakdown, several altcoins outside XRP may yield even greater returns. These tokens fall into different performance categories ranging from 5X to 40X, based on their relative strength and market cap positioning.

• 5X Category: Sui (SUI)—a scalable Layer 1 protocol that’s already up 224%—is forecasted to hit $15 from its current $3 level.
• 6X–10X Gains: Altcoins such as Ethena (ENA), Virtual, Near Protocol (NEAR), SPX6900 (SPX), and Kaspa (KAS) fall into this mid-range growth category.
• 12X–40X High-Growth Opportunities: Coins like Aerodrome (AERO) with a projected 12X return, Pudgy Penguins (PENGU) with 17X, and Realio Network (RIO) with a staggering 40X potential lead the high-growth group.

The majority of these high-potential tokens retain relatively small market capitalizations compared to large-cap giants like XRP or Ethereum. This positions them for more dramatic upside swings should demand increase during the current market cycle.

Additionally, the analyst mentioned HYPE and ONDO—projected for 3X and 4X returns, respectively—as part of his extensive altcoin breakdown.

Market Trends Support the Bullish Case for XRP

Investor confidence in XRP continues to grow, thanks in part to ongoing developments surrounding Ripple’s global partnerships and expansion within blockchain-based financial services. With speculation mounting and market structure shifting favorably for altcoins, Crypto Beast’s prediction adds fuel to what could be a powerful breakout season for XRP.

Related: Expert Advice: Sell XRP If You’re Confused

While crypto remains a volatile sector, the seasoned analyst’s forecast reinforces optimism that XRP’s long-term holders may finally realize significant returns. As always, investors should approach these predictions with caution and conduct their own due diligence before making any investment decisions.