Analysts predict XRP market value will surge, closing in on Bitcoin and Ethereum
XRP's market value is expected to explode, potentially surpassing Bitcoin and Ethereum.
XRP's market value may be on the verge of a major breakthrough, with the potential to exceed Bitcoin and Ethereum.
This is the latest prediction from market analyst EGRAG Crypto. He stated that XRP's market value could soar, with the token valuation reaching $15.6 trillion, equivalent to $27.2 per token.
Currently, XRP's market value accounts for 3.93%, but EGRAG says this number could surge dramatically. XRP has surpassed the Fibonacci level of 0.382 and is advancing towards 0.5 at 5.57%. If it breaks this barrier, XRP's market share could potentially reach double digits.
Previously, Ripple's CEO Brad Garlinghouse also predicted that the total cryptocurrency market value could reach $5 trillion, although it was originally said to reach this by the end of 2024. Due to market fluctuations, this timeline has been pushed back.
Currently, the total cryptocurrency market value is $3.41 trillion, leaving significant room for growth. EGRAG believes this number could bounce back to $5.42 trillion, or even $7.25 trillion, at which point XRP could hold a substantial share.
EGRAG also calculated that if the total cryptocurrency market value reaches $5.42 trillion, with XRP's share at 11.44%, then XRP's valuation would be $619.61 billion, with a token price of $10.8. If the global cryptocurrency market value rises to $7.25 trillion, XRP's valuation at an 11.44% share would reach $828.8 billion, with a price of $14.5.
If XRP's share is even higher, such as 15.22%, then its market value and price would increase further. If the total market value reaches $5.42 trillion, XRP's market value would be $824.68 billion, with a price of $14.4. If the total market value reaches $7.25 trillion, XRP's valuation would reach $1.1 trillion, with a price of $19.2.
Why is the outlook for XRP so optimistic?
EGRAG states that XRP's current market share has not yet returned to its historical peak. During the bull market from 2017 to 2018, XRP's market share increased from 1.44% in January to 31.33% in May.
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