XRP could increase by 38,000%

Famous analyst spoke about Ripple

An analyst stated that XRP, which has been consolidating for a long time, could break out and achieve a 38,000% increase.

An analyst stated that XRP, which has been consolidating for a long time, could break out and achieve a 38,000% increase.

Ripple, closely followed by the crypto ecosystem, has drawn attention with its technical structure. For the first time since reaching its all-time high, this major coin is approaching a breakout, exciting investors. A famous analyst believes that a 38,000% increase is possible for XRP.

A Bold Target for XRP: Could It Reach $227?

As of the time of writing, XRP is trading at $0.5879, with its market value having dropped by 0.2% in the last 24 hours. However, XRP has managed to keep its trading volume above the $1 billion mark.

An analyst on X (formerly Twitter) believes this is the calm before the storm and that XRP is heading for a massive rally. Crypto Bull, an analyst with 145,000 followers, stated that the major coin has been consolidating in a triangular pattern since it reached its all-time high in 2018. He pointed out that XRP went through a similar process in 2014, which ended with a major breakout that thrilled investors.

How Realistic Is XRP’s Target?

If XRP can regain the same momentum, it is believed that it could rise to as high as $227, representing a 38,500% increase from its current price. It’s worth noting that the analyst’s prediction is extremely ambitious, as such a scenario would require XRP’s market cap to surpass $12 trillion. One of the biggest indicators that this claim is far-fetched is that XRP’s projected value would be 12 times higher than Bitcoin’s current market value and three times more than the world’s most valuable company, Apple.

Note: This is not investment advice

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