Categories: Crypto/NFTs

Pundit Says XRP Price Will See 16,500% Rally To $100, Here’s The Timeline


Crypto analyst Common Sense Crypto has predicted that XRP could rise by 16,500% and reach $100. He suggested when that could happen and gave reasons why the crypto token can reach such heights despite the reservations some other market participants might have.

When XRP Will Hit $100

Common Sense Crypto suggested that XRP could hit three digits sometime in 2025 while stating why the crypto token is well-primed to reach such ambitious heights. First, he alluded to Ripple CEO Brad Garlinghouse’s prediction that the crypto market could double by year-end and rise to $5 trillion.

The crypto analyst noted that Garlinghouse stated back then that this forecast was conservative, meaning that the crypto market could surpass such a target. Based on this, Common Sense Crypto believes that XRP having a market cap of $5 trillion if its price reaches $100 is not a problem since the crypto market is expected to keep growing exponentially. 

Secondly, Common Sense Crypto highlighted crypto exchange Archax’s plans to tokenize Real World Assets (RWAs) worth up to $50 trillion on the XRP Ledger (XRPL). The inflow of such liquidity will undoubtedly positively impact XRP’s price. The crypto analyst noted that Archax is just one of many tokenization partners that have revealed plans to tokenize RWAs on the XRPL. 

Another reason Common Sense Crypto believes that XRP can reach $100 is the imminent conclusion of the legal battle between the US Securities and Exchange Commission (SEC) and Ripple. The crypto analyst claimed that institutions will flood in to get ahead of the competition once the case ends. 

XRP market cap currently at $33.6 billion. Chart: TradingView

This is related to the fact that the market could witness several applications for a Spot XRP ETF once the long-running legal battle between the SEC and Ripple ends. The introduction of such funds into the market would provide a major boost for XRP’s price, considering the amount of new money that could flow into its ecosystem through institutional investors

Lastly, Common Sense Crypto noted that XRP’s available supply looks to be shrinking rapidly and that demand will soon be high, which will reflect in the token’s price. 

The Major Catalyst For XRP’s Projected Growth

For now, XRP investors will look to the imminent conclusion of the case between the SEC and Ripple as the major catalyst for XRP’s projected growth. Crypto analyst RLinda recently claimed that the close of the case would give XRP “a second life” and suggested that such development would cause XRP to achieve a successful breakout above the $0.6378 price level.

Rumors that the case between the SEC and Ripple could be ending soon have indeed boosted investors’ confidence in XRP. The crypto token is witnessing an influx of new investors into its ecosystem. XRP whales have also been accumulating more tokens in anticipation of the higher prices that XRP could enjoy once the case ends. 

At the time of writing, XRP is trading at around $0.59, down over 1% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Flickr, chart from TradingView



Source link

admin2

Share
Published by
admin2

Recent Posts

Berkshire Hathaway Meeting Could Spark This ETF

All publicly traded companies hold annual meetings, but none are as closely monitored as the…

1 hour ago

Dr. Doug Ford takes pro-trade message to Michigan university

A Canadian premier delivering a commencement speech at an American university isn’t exactly standard, but…

1 hour ago

Taiwan leader visits Eswatini despite China’s attempts to block trip | News

President William Lai Ching-te says he met King Mswati III and signed trade agreements.Published On…

1 hour ago

Top Developments That Could Signal A New Era

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin entered…

2 hours ago

Canadians may be impacted as Spirit Airlines shuts down operations ‘effective immediately’ – National

Canadians who cross the border to catch cheap flights have one less option, after the…

4 hours ago

Volatility ETFs Seem Perfect for the Current Moment; Have They Performed?

Volatility, volatility, volatility – markets have seen plenty of turmoil this year, and not just…

6 hours ago