$XRP has spiked above a $100 billion market cap, drawing attention from analysts and investors. The cryptocurrency is now one of the most-performing assets, with a bullish pattern signaling higher prices in the future. Experts believe $XRP could soon claim the fourth spot in market cap rankings, overtaking Solana.
Analysts Predict Higher Targets
Crypto analyst Dark Defender has predicted that $XRP could rally to $5 via his X post. He shared this prediction after $XRP hit its first target of $1.80, crossing the $100 billion market cap threshold. According to his analysis, $5.80 is the next key target. He also pointed to $18 as a possible future price for $XRP during this market cycle, supported by Elliott Wave theory.
The 4-hour chart shows a new structure for $XRP. Before a correction, we expect XRP to touch $2.13 soon. New resistances appear as $4.11 and $6.42 in the 4-H time frame. These align with our Main Second target of $5.85 after $1.88.It is just the beginning, my friends.… pic.twitter.com/YEYeISxyMn
— Dark Defender (@DefendDark) November 30, 2024
Dark Defender’s analysis shows that $XRP could experience a parabolic rally in its fifth wave of upward movement. However, he cautioned that $XRP must stay above the $1.8815 Fibonacci level to sustain its current momentum. This level is crucial for $XRP’s next lap.
Critical Support Levels
In a recent post, Dark Defender emphasized that $XRP needs to close above $1.8815 for at least three candles. He suggested two steps for this:
Maintain a 12-hour close above the level.
Follow it with a 3-day close above $1.8815.
If $XRP holds this support level, it could confirm its strength and push toward higher price targets.
$XRP Climbs Market Cap Rankings
$XRP has already overtaken Binance Coin (BNB) to become the fifth-largest cryptocurrency by market cap. Analysts believe it is well-positioned to surpass Solana and take the fourth spot. Dark Defender even speculates that $XRP could eventually flip Ethereum, though this would require an extraordinary rally.
Double-Digit Prices on the Horizon
Other analysts are equally optimistic about $XRP’s future. Egrag Crypto via X post believes that fear of missing out (FOMO) will drive the price higher once $XRP closes above $2. He predicts $XRP could trade between $20 and $27 if history repeats itself. This is based on the 2017 bull run, during which $XRP surged to its all-time high (ATH) of $3.80.
#XRP – The BIG FALL ($20-$27) Just 40 days ago, on October 20th, 2024, skepticism was everywhere! Check the post here:pic.twitter.com/Cab7ufvYmi The Big Fall IS Happening!If we close above $2, FOMO will ignite ! And if history repeats with a similar percentage… https://t.co/Viu2FzD7p5 pic.twitter.com/na9Ejog9gJ
— EGRAG CRYPTO (@egragcrypto) November 30, 2024
Mikybull Crypto, another analyst, agrees. He sees similarities between the current market and the 2017 rally. Mikybull predicts $XRP will reach $2, experience a slight pullback, and then continue climbing to $10. He also noted that once $XRP breaks its previous ATH, the market could see explosive growth similar to the 2017 bull market.
$XRP 2017 kind of rally vibes.Hit $2, experience a pullback, and then continue its vertical hated rallies to a new cycle top of probably $10. pic.twitter.com/gXGIUsy9Rj
— Mikybull Crypto (@MikybullCrypto) November 29, 2024
All-Time High in Sight?
With the current momentum and growing investor interest, many believe $XRP is on the verge of another major breakout. Its recent rally and $100 billion market cap mark a significant milestone. Analysts are optimistic about the token’s future, with price targets ranging from $5 to $18 and beyond. The next few weeks will be crucial as $XRP attempts to solidify its position and aim for new highs. Investors are watching closely, anticipating what could be a historic run for the cryptocurrency.
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