Top Ripple (XRP) price predictions in the afternoon

TL;DR

XRP recovered to $2.18 after falling below $2 last week, with analysts predicting a potential rally. While some predict the asset will reach $100 in the future, achieving that would require an unrealistic market cap of more than $5 trillion. XRP Rally Incoming?

The correction in the cryptocurrency market, which began last week, negatively affected numerous leading digital assets. Ripple’s XRP is one of these, with its price dropping from $2.70 on December 17 to less than $2 a few days later. The bulls recently recovered some of the lost ground, pushing the asset’s valuation to the current $2.18.

XRP Price, Source: CoinGecko

Despite the fluctuations, several crypto X analysts continue to predict new peaks for XRP in the near term. Mikybull Crypto, for example, stated that XRP’s chart “is looking spiky at its current new test,” expecting a rise to a new all-time high of $4.

For its part, EGRAG CRYPTO presented two possible scenarios. The analyst surmised that XRP could head towards lower targets if it falls below $2. On the other hand, a break above $2.65 could mean “the fireworks are about to go off.”

User X with the nickname Coach, JV also chimed in. A few days ago, they claimed that XRP would be one of those cryptocurrencies that investors will regret not buying now:

“XRP is going to be one of those assets where people are going to say, ‘I could have bought XRP at $2, $5, $7, and FOMO at $100.'” The beauty of that. Everybody wins in the long run! It’s the short-term mindset the one that destroys wallets!”

It’s important to note that reaching a whopping $100 target will require XRP’s market cap to skyrocket above $5 trillion. At the time of writing, the entire crypto sector’s capitalization is less than $3.5 trillion, which makes the forecast quite implausible (to say the least).

Previous predictions

Other industry participants who recently chimed in include X users Crypto Bitlord and CrediBULL Crypto. The former believes that “the final pump is being loaded for 2024”, speculating that the price could rise to $12 next month.

CrediBULL Crypto told its 450,000 followers on X that “the XRP/BTC chart looks absolutely fantastic” and “the most bullish chart in the entire space.” As such, the analyst said they will look to open a long position in the coming days.

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