A recent post on X by popular cryptocurrency analyst Amonyx (@amonbuy) has drawn significant attention from XRP community members.
The post outlines a series of price milestones, suggesting XRP remains undervalued at current levels and holds immense potential for further growth.
$XRP at $10 is undervalued $XRP at $15 is still undervalued $XRP at $20 is the beginning $XRP at $24 is still just the beginning $XRP at $33 is the breakout $XRP at $56 is the momentum shrift $XRP at $71 is the super cycle$XRP at $100+ is the mainstream…
— Amonyx (@amonbuy) November 22, 2024
XRP trades at $1.47, showing a 5.3% increase over the past 24 hours. It also recently hit $1.62, its highest price in three years, and Amonyx’s post suggests that it could hit significantly higher targets.
Potential Targets for XRP
According to Amonyx, XRP at $10 and $15 remains undervalued. Other experts have shown that XRP’s fair market value is much higher than its current price. Amonyx’s view reflects the belief that XRP’s current market cap does not fully account for its potential as a bridge currency for cross-border payments.
Ripple has consistently positioned the token as a solution to inefficiencies in the global payments ecosystem. Its partnerships with financial institutions and regulatory clarity in the U.S. contribute to the argument that XRP’s real-world utility could eventually drive significant demand.
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The Beginning of a New Phase
Amonyx suggests that reaching $20 to $24 would mark the beginning of a transformative phase for XRP. Such a price increase would signal growing market confidence in its adoption. The end of the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), could help expand the cryptocurrency’s reach and help it reach this level.
At $33, Amonyx anticipates a breakout phase for XRP, implying broader adoption and recognition of its utility. The post further identifies $56 as the point of a momentum shift, reflecting the potential for exponential growth driven by increased liquidity and market confidence.
The Super Cycle and Mainstream Recognition
Finally, Amonyx’s analysis highlights $71 as the start of a super cycle and suggests that $100+ would represent mainstream recognition of XRP’s value. Achieving such levels would require several factors, including widespread institutional adoption, sustained market confidence, and clarity in global cryptocurrency regulations.
The XRP Ledger (XRPL), XRP’s blockchain network, is expanding rapidly, with many major projects and developments. Ripple’s continued efforts to integrate XRP into international payment systems could be pivotal in achieving the $100 milestone.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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