Great Price Target for XRP!: Analyst has a $ 10 claim!

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Great Price Target for XRP!: Analyst has a $ 10 claim!

While the crypto money market is moving, investors are curious about the future price potential of Ripple (XRP). Crypto analyst Ekrag Crypto suggested that XRP is reasonable for this cycle to reach $ 10 and that existing market conditions could support this rise.

Analyst makes this estimation based on past market cycles, rise rates of large crypto currencies and institutional interest in XRP. In addition, XRP ETFs say that the end of the regulatory uncertainty and the increasing ratio of adoption can accelerate this rise.

So, can XRP really rise to $ 10? As Kriptokoin.com, we transfer the details.

Is the target of $ 10 for XRP realistic?

According to Ekrag Crypto, XRP needs to gain only 2.94 times to reach $ 10. This ratio seems quite reasonable compared to the increases in the past bull markets.

For example:

  • Bitcoin increased 21 times in the previous market cycle from $ 3,000 to $ 69,000.
  • Ethereum increased from $ 81 to $ 4,891 in the same period, 58 times.
  • XRP increased 13 times in the last two years to $ 0.28 to $ 3.40.

Based on these data, the analyst argues that it is enough for the XRP to gain only 3-4 times to reach $ 10 and that it is consistent with past market movements.

Factors that can carry XRP for $ 10

There are several important factors that increase XRP’s rise potential. Ekrag Crypto emphasizes that these factors can significantly affect price movements.

  1. XRP ETFs are coming
    Currently, 17 different XRP ETFs are waiting for approval. If these ETFs are approved in the USA, the interest of corporate investors to XRP will increase and the price may move upward.

  2. Regulatory clarity is provided
    The approach of the lawsuit between Ripple and the US Securities and the Stock Exchange Commission (SEC) eliminates great uncertainty for XRP. Regulatory clarity can trigger price rise by increasing investor confidence.

  3. Increasing real world use
    XRP is more useful, especially in international payment systems and financial institutions. The expansion of these areas of use can increase the market value and demand of XRP.

According to the analyst, XRP’s market value can reach $ 500-700 billion, which makes the price target of $ 10 more likely.

$ 100 scenario for XRP

Analyst says that XRP can reach $ 100 in the long term. However, the realization of this target depends on what level XRP will peak in this cycle.

Here are the three possible scenarios offered by Ekrag Crypto:

  • Pessimistic Scenario: If the XRP peaked at $ 3.40 in this cycle, it will have to increase 30 times to reach $ 100 in the next cycle. This can be possible with a large expansion of the general crypto market.

  • Conservative Scenario: If the XRP reaches $ 10 to $ 20 in this cycle, only 5-10 times increased to increase to $ 100 in the next cycle.

  • Optimistic scenario: If the XRP reaches 27 to 33 dollars, the target of $ 100 will only be required to increase 3-4 times. In a full -scale bull market, such price movements are quite possible.

What does it mean for investors?

If regulations such as GENIUS ACT are approved and Ripple ETFs are launched, the price of Ripple may make a significant leap. However, investors need to be careful because the crypto market is quite volatil.

In this process, Ripple investors should closely follow the following developments:

  • Developments on the outcome of the SEC and Ripple case
  • Whether Ripple ETFs will be approved
  • Whether XRP usage rates of banks and financial institutions will increase

If all these factors progress positively, the $ 10 level for XRP can be a very reasonable target in this cycle.

Can XRP reach $ 10?

According to the Analysis of Ecrag Crypto, there are conditions for XRP to reach $ 10. However, investors need to follow market movements carefully.

In summary:

  • Ripple has the potential to reach this level compared to price increases in past cycles.
  • Developments such as regulatory clarity and ETF approvals can direct corporate investors to XRP.
  • If Ripple reaches $ 10 in the current cycle, it may be possible to target $ 100 in the next cycle.

The coming months will be quite critical for Ripple investors. If expectations occur, Ripple may make a big leap in this cycle.