Analyst Says XRP Price Not Reaching $10+ Due To Market Cap Is Irrelevant
The arguments for the XRP having the ability to attain $10+ or not have ranged from how excessive the market cap must go, in addition to there being an excessive amount of provide of the token. Nevertheless, crypto analyst XForceGlobal has debunked it and mentioned that the market cap argument shouldn’t be legitimate. Of their view, the XRP price is definitely primed for the $10 mark and is simply a matter of time earlier than the digital asset reaches this stage.
Don’t Be Fooled By The Market Cap Argument
In a publish on the X (previously Twitter) platform, the crypto analyst warned XRP traders to not be fooled by those that say that the worth can not rise to $10+. Most particularly, the argument that the market cap can be too excessive at this worth can be irrelevant.
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In response to the publish, the XRP worth is predicted to truly cross the double-digit mark within the subsequent yr. It’s because with the triangle breakout that started again in 2024, the XRP worth stays fairly bullish. Therefore, there’s nonetheless a small window of opportunity the place the altcoin might proceed its run.
Going by the analyst’s chart, within the occasion of a breakout, the XRP worth might rapidly rally towards $4 to set a brand new all-time excessive. Then by means of the yr 2026, the bullish wave is predicted to persist, triggering an over 200% enhance to interrupt $10, and ultimately rally towards $14.
XRP Value Nonetheless Bullish Regardless of Decline
One other crypto analyst, TradingShot, has additionally pointed out why the XRP worth continues to be bullish, alluding to a technical setup on the 1-day chart. The analyst factors to the truth that the worth had bottomed again in April after months of onslaught on account of Donald Trump’s tariff wars. Then, with the current restoration, the worth has been testing and holding the 1-Day MA50 as assist above $2.7.
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The importance of that is that the XRP worth is holding this assist after bottoming from its bearish leg on the 1-Day MA100 chart. Thus, because of this is the 1-Day MA50 is confirmed, then it might be the push wanted for the altcoin to proceed to rally.
The goal for the rally right here is an over 60% increase in price to succeed in the $5 mark. “That Bullish Leg peaked on the two.0 Fibonacci extension stage. If this sequence is repeated, count on the following excessive to be round $5.00,” the crypto analyst defined.
Featured picture from Dall.E, chart from TradingView.com
