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Analysts Forecast Significant XRP Price Surge, Potentially Reaching $14

Published 4 hours ago3 minute read
Analysts Forecast Significant XRP Price Surge, Potentially Reaching $14

The cryptocurrency market is experiencing a notable surge in bullish sentiment, with Bitcoin maintaining its position near the $107K-$110K range, a period of relative stability that is increasingly providing momentum for altcoins. A prominent market analyst known as “Crypto Beast” has shared a highly optimistic outlook for a diverse array of crypto assets, projecting substantial gains, some potentially reaching as high as 4,000%.

Ethereum (ETH) leads Crypto Beast’s list, with a projection for a 200% surge, which would push its price to approximately $5,164. This would mark a new all-time high for ETH, surpassing its previous peak of $4,891 and potentially rewarding long-term holders, given that ETH has not retested its 2021 all-time high despite Bitcoin’s recent peaks.

For Solana (SOL) and XRP, Crypto Beast anticipates even more significant performance. Solana is projected for a 3X gain, which would elevate its price to around $459 from its current $153. XRP is expected to achieve a 4X upside, pushing its value near the double-digit range, specifically around $9 from its current $2.23. At this price, XRP’s market capitalization would escalate to approximately $525 billion, exceeding Ethereum’s current valuation of $311 billion, though remaining below Ethereum’s projected market cap of $623 billion at $5,164. Furthermore, a $9 price point would bring XRP’s fully diluted valuation close to the $1 trillion mark.

Beyond Crypto Beast's projections, some market observers believe a $9 price for XRP is a conservative estimate for the year. Crypto bull Javon Marks, for instance, maintains a price outlook of $100 and above for XRP in the current cycle, basing his projections on historical patterns that he believes can still forecast future movements. Technical analysts are also closely watching XRP, noting its current consolidation below $3.00 in what appears to be a bull pennant pattern. This pattern, historically a precursor to sharp upward movements, mirrors XRP’s 2017 rally when it skyrocketed over 1,300%. Analyst Mikybull Crypto suggests this setup could lead to a 530% rally from current levels, citing striking similarities to the last major bull run. A break above resistance around $2.65 and reclaiming the 200-day simple moving average (SMA) could pave the way for $3.00 and potentially $14. Further bullish catalysts, such as a spot XRP ETF approval, could potentially propel the price to $25-$27 based on historical fractals and Fibonacci extensions.

Supporting the bullish outlook for XRP, blockchain analytics firm Santiment reports that the number of whale wallets holding at least 1 million XRP has reached an all-time high, exceeding 2,700. This significant accumulation by large holders, typically long-term investors, often precedes notable price action. Additionally, active XRP addresses have surged to an average of 295,000 per day, a substantial increase from the 35,000-40,000 seen in recent months. XRP is currently trading around $2.22, up approximately 7.5% year-to-date, with immediate hurdles at $2.27 (50-day SMA) and $2.65 (200-day SMA).

Crypto Beast's list extends to several other altcoins poised for significant gains. Sui (SUI), a Layer-1 network, is identified as a strong candidate for a 5X surge, potentially reaching $15. Other altcoins highlighted for 6X to 10X price surges include Ethena (ENA), Virtual, Near Protocol (NEAR), SPX6900 (SPX), and Kaspa (KAS). In the high-performance category, Crypto Beast named Aerodrome (AERO) for a potential 12X gain, Pudgy Penguins (PENGU) for 17X, and Realio Network (RIO) for an impressive 40X gain. The relatively lower market caps of these projects compared to billion-dollar assets like XRP or Ethereum are cited as a major factor for their higher responsiveness to market activity. Other coins featured in the projections include HYPE, with a 3X projected gain, and ONDO, anticipated for a 4X surge.

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