Cryptocurrency experts predict a massive price surge in the price of XRP. Could it be $20?
Cryptocurrency experts remain bullish on the price of XRP despite the recent poor performance of altcoins. Some of these experts believe the price of the cryptocurrency will rise even higher than current levels, with one analyst predicting that XRP will rise to $20 in the upcoming bull market. XRP price on the verge of a breakout One cryptocurrency expert who has expressed incredibly bullish sentiment regarding the XRP price is Matthew Dixon, CEO of cryptocurrency valuation platform Evai. Dixon took to X (formerly Twitter) to share with the cryptocurrency community that XRP trading volume has been experiencing positive headwinds recently. Related Read: Crypto Entrepreneur Warns About Booming Bitcoin Mass Sale, Here’s What It Means According to an Evai chart shared by the cryptocurrency CEO at the time, XRP’s daily trading volume increased by approximately 42% to over $2.1 billion. Dixon believes this increase in trading volume shows growing interest in altcoins. Naturally, increased interest often leads to increased demand, which can be bullish for cryptocurrency prices. This was a thought shared by Evai CEO, who believed that the surge in trading volume and interest meant that the XRP price was on the verge of a breakout. But that doesn’t seem to be the case, at least in the short term. This is because the price of XRP has continued to trend around the same level since Dixon first made the post. At the time of writing, it is hovering around $0.61 and is up 0.96% in the last 24 hours. Could the price go up to $20? Predictions for XRP price heading into the next bull market have ranged from very conservative to very ambitious. However, many expect the price of XRP to rise very quickly as regulatory clarity from the Ripple vs. SEC case approaches quickly. Crypto analyst Armando Patoja took an ambitious route with his predictions, predicting the price of XRP to rise by more than 3,000%. According to Patoja, predicting the future price of XRP at $5 is a serious underestimate of the altcoin’s capabilities. Cryptocurrency analysts believe that the price of XRP is likely to rise further, reaching between $10 and $20. Patoja assumes that saying XRP will hit $5 is like expecting Bitcoin to hit $1,000 in 2015. Related Read: Shiba Inu Sees Bullish Reversal in On-Chain Indicators, Can SHIB Price Recover? People who say #XRP will hit $5 are grossly underestimating. This is similar to predicting that #Bitcoin will be capped at $1,000 in 2015. XRP is on a similar trajectory to Bitcoin in 2015, with network effects growing rapidly. $XRP prediction: $10-$20. thought? — Armando Pantoja (@_TallGuyTycoon) April 6, 2024 Despite the growing XRP community, there is no doubt that Patoja’s predictions have been met with mixed reviews. One community member responded to the post saying that XRP cannot go that high because the main project built on top of the XRP Ledger is a dead chain and has abandoned XRP for other chains. Due to lack of builders, they do not believe that XRP has the power to go that high. XRP trading at $0.61 | Source: Featured image by XRPUSDT Watcher Guru on Tradingview.com, Charts on Tradingview.com
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