In what could be a recently surfaced price prediction for XRP, Captain Faibik, a pro-Bitcoin crypto analyst, took to Twitter to share his bullish sentiment on XRP’s futuristic price projection.
Per Faibik’s tweet, XRP, during its next rally, could attain a price high ranging between $25 and $30. Faibik seems extremely convinced about his assertion, judging based on how he presented his tweet, but do other crypto enthusiasts share the same sentiment with him? Find out.
Read Also: Industry Experts Assess the Likelihood of XRP Reaching $5 in 2023
Keep Accumulating and Holding XRP
Faibik, despite a seemingly strong conviction about XRP’s price ascent, emphasized the need to approach the crypto market meticulously, especially the market’s current phase.
The pro-Bitcoin analyst advised against giving in to the fear of missing out (FOMO). Instead, he encouraged calmness while amassing and holding as many XRP tokens as possible, as its unprecedented rally would soon set in.
I Believe $XRP could Potentially Reach $25-30 in the next Bull run.
However, it's Essential to Remember that We are Currently in Accumulation Phase, so Don't FOMO into it.
Keep Accumulating gradually & Hold with Patience, Bull run is just a Matter of time.#Crypto #XRP #Ripple pic.twitter.com/0gblaX4aTT
— Captain Faibik (@CryptoFaibik) July 27, 2023
Analyzing The Chart Underneath Faibik’s Tweet
The chart below Faibik’s tweet was historical, displaying XRP’s previous price trends and patterns, especially the token’s price movement in 2014, which saw it converged before it began registering significant price spikes in 2014.
According to the price pattern displayed in the chart, XRP could hit an unprecedented $26.57 price high, representing a surge of 2396.97%.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
As expected, crypto lovers, particularly the XRP community, have taken to their social media handles to voice their diverse opinions on Faibik’s assertion, raising a major concern about the implication of a $25 to $30 price high on XRP’s market cap to which Faibik replied, noting that nothing is impossible in the crypto sphere.
A crypto enthusiast and Youtuber with a Twitter incognito, Crypto Spotter, took the comments section of Faibik’s tweet, citing the implication of Faibik’s price projection on XRP’s market cap, which could exceed the trillion-dollar level; he noted that a $5 to $8 price projection appears more feasible and realistic.
Read Also: Gensler Silent on XRP Ruling Appeal, Says SEC is Still Deliberating on Summary Judgment
Based on calculations, an XRP market high of $26.57 would skyrocket the token’s market capitalization to an estimated $1.4 trillion, assuming the token’s 52.69 billion circulating supply remains fairly constant. However, top XRP chiefs have warned against monstrous price predictions for XRP, remarking that the chances of such predictions materializing are slim.
Meanwhile, per CoinGecko, XRP’s price as of the time of filing this report is $0.711884; it is down by 0.1% with a market cap valued at $37,495,574,930 and a trading volume of $854,421,981.
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