Crypto analyst Ash Crypto (@Ashcryptoreal), who has been actively trading since 2014, recently took to X to share his price targets for various cryptocurrencies over the next 12-15 months. The post mentioned XRP, alongside other prominent coins like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
According to Ash Crypto’s post, his XRP price target for the next 12-15 months sits between $3 and $5. This range begins below its all-time high but shows there’s a chance XRP can breach the $3.84 level it reached in January 2018.
My targets for next 12-15months:$BTC: $100k-$250k$ETH: $10k-$15k$BNB: $900-$1,400$SOL: $450-$650$XRP: $3-$5$DOGE: $1$DOT: $100-$120$LINK: $250-$500$AVAX: $200-$300$ICP: $120-$160$INJ: $180-$250$TIA: $100-$150$MANTA: $30-$70
Did i miss any ?
— Ash Crypto (@Ashcryptoreal) April 16, 2024
Another prominent analyst also recently predicted that XRP will soon reach $3. Ash Crypto’s predictions also show massive gains for other cryptocurrencies, and he expects Bitcoin to rise to $250,000.
XRP is trading at $0.4902, after recently falling below the crucial $0.5 level. A surge to $5 would be a significant 920% surge. Although the crypto market is known for large surges, cryptocurrency prices are volatile, and achieving this target will depend on various factors impacting the overall market.
Factors Influencing XRP’s Price
Several factors can influence the price of XRP in the coming months. Here’s a brief look at some of the key considerations:
The ongoing lawsuit: The legal battle between Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC) began in 2020 and is finally near its end. Although there were rumors of a settlement recently, these have remained rumors and the lawsuit might go on till the end.
Although the lawsuit has largely favored Ripple, some investors are hesitant as they believe the SEC might succeed in getting a $2 billion penalty from the blockchain payment firm. Some investors are also worried that the SEC might appeal the decision, dragging Ripple into another prolonged legal dispute.
Adoption and Use Cases: Increased adoption and real-world use cases for XRP could drive its price up. XRP is designed to facilitate cross-border payments, and its success hinges on being adopted by financial institutions and payment providers. Strategic partnerships and integrations with established players can significantly influence XRP’s price performance.
The increasing popularity of Ripple’s ODL service could help XRP in the long run, and the company’s recent foray into the stablecoin market and potential real-world asset tokenization could significantly boost XRP’s adoption and price.
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Looking Beyond XRP
Ash Crypto’s tweet also included price targets for other major cryptocurrencies. Here’s a quick mention of his predictions for some of the other coins mentioned:
Bitcoin (BTC): $100,000 – $250,000, Ethereum (ETH): $10,000 – $15,000, and Binance Coin (BNB): $900 – $1,400.
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