Crypto Analyst Predicts Crypto Market To Reach $23 Trillion, XRP Price To Cross $13
January 09 2024 - 2:00PM
NEWSBTC
Crypto analyst Dark Defender has provided insight into how the XRP
price could rise to $13. The analyst also suggested that the crypto
token’s price could end up being way above that when other factors
are considered. How XRP Will Rise To $13 In a post on his X
(formerly Twitter) platform, Dark Defender stated that the XRP
price could hit $13 when the total crypto market cap hits $23.24
trillion within a year. He noted how the crypto market has become
more valuable year-on-year as it rose from $816 billion a year ago
to around $1.6 trillion now. As such, he expects a “third wave” to
happen with XRP’s rising with the tide. Related Reading:
Ethereum Giga Whales On A Historic Buying Spree – Here’s How Much
ETH They’ve Bought The analyst also hinted that there is the
possibility that XRP could be higher than $13 as this price level
will be achieved without considering its fundamentals. The
fundamentals that he alluded to were regulatory clarity and XRP’s
utility. XRP’s gaining legal clarity has been touted as one of its
unique offerings and something that paints a bullish picture for
the crypto token. Going by Dark Defender’s projections, the
XRP price could also possibly have doubled from the $13 price level
by 2027, as the analyst puts the total crypto market cap at $100
trillion by then. In a previous post, the analyst also raised the
possibility of more institutional adoption of XRP, something which
could also contribute to a significant rise in its price.
Token price starts another retrace | Source: XRPUSD on
Tradingview.com XRP Price Set To Enjoy From Bitcoin’s Surge Bitcoin
rose to as high as $47,000 as approval of the Spot Bitcoin ETFs
looks imminent. Following BTC’s latest surge, crypto analyst
CryptoInsightUK hinted that XRP could be next. He had previously
laid out a bullish narrative for altcoins, including XRP, as he
stated that they could post significant gains as traders cycle
their profits into smaller market-cap tokens.
Related Reading: Shiba Inu Breakout To $0.001? Rumored 9.25
Trillion SHIB Token Burn Could Be The Catalyst Specifically, he
noted that it could be time for XRP to shine as the crypto token is
closer than ever to a move to the upside. Another reason why this
move seems imminent is because the narrative in the crypto
community is “awful” for XRP, the analyst remarked. As part of his
2024 predictions, CryptoInsightUk sees XRP rising to between $10
and $15 as BTC rises to $100,000. He believes the rally in the next
bull run will be something similar to the one that happened in
2017. Interestingly, the analyst had previously raised the
possibility of XRP repeating a rally similar to the one in 2017
when it posted a 61,000% gain. At the time of writing, XRP is
trading at around $0.5724, up over 2%, according to data from
CoinMarketCap. Featured image from Watcher Guru, chart from
Tradingview.com
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