While XRP may have lagged behind other major cryptocurrencies in recent months, whispers of a monumental comeback are making the rounds. Prominent analysts and AI tools are pointing towards a potential surge.
EGRAG CRYPTO (@egragcrypto), a prominent crypto analyst, recently predicted a “Gamma-Ray Burst” for XRP. A surge so explosive could send its price to an unimaginable $220.
Read Also: Forbes Says This Sudden Bank Shift Will Trigger XRP Price Bull Run
During the 2017 bull run, XRP rocketed from a mere $0.003 in January to $3.84 in January 2018. EGRAG CRYPTO believes a similar event is on the horizon, citing technical indicators and historical precedent. His Gamma-Ray Burst analogy builds on XRP’s capacity for explosive surges, shattering previous limits and setting new records, and he expects another one soon.
However, before XRP reaches $220, EGRAG CRYPTO sets important targets at $1.2, $2.2, $5.8, $11, and $33. From these targets, $11 is a notable one as we might have a timeline for XRP to reach that target.
Other Similar Predictions
Analysts from Changelly, one of the top exchanges in the crypto market, recently predicted when XRP will cross $11. According to Changelly’s analysts’ prediction, XRP could reach $11.49 by 2030, which is just a few years from now. The analysts also expect the digital asset to breach its all-time high in 2028, before massive surges that will send it past $11 over two years.
EGRAG CRYPTO and Changelly aren’t the only ones singing XRP’s praises. Google Bard recently acknowledged the possibility of XRP reaching double-digit figures in the long term, highlighting the role of widespread adoption in fueling such growth.
Bard set a timeline for XRP, stating that the digital asset would need five years of continued expansion to reach $11. If Ripple can build on XRP and increase its adoption rapidly, it might reach the projected price by the end of 2028.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Legal Expert Sparks Debate Over XRP Price Actions
Can XRP Attain these Targets?
What exactly is fueling this optimism? XRP has overcome significant regulatory hurdles in recent months, clearing the path for increased adoption and market expansion. XRP has three consecutive victories over the U.S. Securities and Exchange Commission (SEC), and Ripple is expanding its position as a facilitator of cross-border payments.
At the time of writing, XRP is trading at $0.5769 and a surge to $11 will mean a 1,806.7% increase. XRP’s regulatory status and increasing technological prowess give it the upper hand in the crypto market, and if it can sustain its growth, we could see XRP at $11 in no time.
Follow us on Twitter, Facebook, Telegram, and Google News
