Ripple (XRP) price speculation: What will happen next?

The price of Ripple's XRP has seen a big ups and downs, dropping below $2 last week but now it has come back up to $2.18. Analysts are now speculating on a possible rally, with some speculating on a price as high as $100. But is this possible in reality?

_Is XRP Rally Coming?_

The correction in the cryptocurrency market has affected many leading digital assets, including XRP. But the bulls have recovered some of the losses, due to which the value of the asset has reached 2.18 dollars. Many analysts on Crypto X are predicting new peaks in the price of XRP.

_Analysts' prediction_

- Mikybull Crypto has predicted that the value of XRP can reach 4 dollars.

- EGRAG CRYPTO has presented two possible scenarios: if the price of XRP falls below 2 dollars, it can go downwards, or it can go above 2.65 dollars and start "fireworks".

- Coach, JV has asked if the price of XRP can reach 100 dollars.

_Reaching 100 Dollars: Is This Possible?_

For the price of XRP to reach 100 dollars, its market cap will have to go above 5 trillion dollars. But the total market cap of the cryptocurrency sector is currently less than 3.5 trillion dollars, so this question looks very unlikely.

_Previous question_

Several other industry participants have also expressed their questions:

- Crypto Bitlord has expressed that "the final pump of 2024 is being loaded", and they are saying that the price could reach 12 dollars next month.

- CrediBULL Crypto says that "the XRP/BTC chart looks absolutely fantastic" and they are planning to open a long position in the next days.

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