XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target
November 30 2024 - 3:00PM
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Crypto analyst Vincent has given reasons why the XRP price could
rally to as high as $10,000 at some point. This comes amid the
recent XRP rally, with the crypto now targeting its current
all-time high (ATH) of $3.8. Why The XRP Price Can Reach
$10,000 In an X post, Vincent revealed that he had consulted with
ChatGPT, and the AI chatbot had told him that the XRP price could
easily reach $10,000 per coin. XRP’s market cap is one reason that
has been used as an argument as to why the crypto can’t achieve
such a price level. The analyst stated that ChatGPT also
invalidated the market cap argument, stating that monetary market
cap is an invalid metric. Related Reading: Cardano Price
Breakout: Bull Flag Rally Points To Another 50% Surge Vincent
failed to provide a timeline for when ChatGPT said the XRP price
could reach such an ambitious price target. However, he mentioned
that he had discussed Ripple with the AI chatbot. This suggests
that ChatGPT might have considered Ripple’s influence before making
this $10,000 prediction. Indeed, Ripple could play a major
role if the XRP price is to come close to or reach this $10,000
target. While predicting that XRP can reach $1,000, crypto analyst
CryptoTank alluded to Ripple payments service and cited an instance
where the crypto firm’s payment rails are used to process most
cross-border transactions. XRP’s use case will increase as
Ripple’s payment service enjoys mass adoption, providing a bullish
outlook for the XRP price. Meanwhile, it is also worth mentioning
the XRP ETFs, which are also bullish. The US Securities and
Exchange Commission (SEC) could approve these funds next year,
especially with reports that pro-crypto Paul Atkins could replace
Gary Gensler. These funds would drive institutional inflows
into the XRP ecosystem, sparking a significant price rally.
However, it remains to be seen if they could drive the crypto to
five figures. A Rally To Double Digits In This Cycle Amid
this lofty XRP price prediction of $10,000, crypto analyst Mikybull
Crypto has predicted that the crypto could rally to double digits
in this market cycle. This came as the analyst stated that XRP was
giving 2017 kind of rally vibes, indicating that the crypto could
replicate its legendary rally of over 61,000% in that 2017 bull
run. Related Reading: Bitcoin Price Rejection At $99,000:
Temporary Or End Of The Bull Rally? In line with this, the crypto
analyst predicted that XRP price would hit $2, experience a
pullback, and then continue its vertical hated rallies to a new
cycle top of probably $10. Using the Elliott Wave theory, crypto
analyst Dark Defender predicted that XRP could rally as high as $18
in this bull run. At the time of writing, the XRP price is
trading at around $1.90, up over 18% in the last 24 hours,
according to data from CoinMarketCap. Featured image created
with Dall.E, chart from Tradingview.com
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