November has been kind to XRP holders, with the token climbing another 10% in the last day to hit $1.15.
This latest surge adds to XRP’s already-impressive rally.
And now, one analyst is eyeing an even bigger move ahead – predicting the token will hit $10 soon.
XRP Price Rallies as Analyst Predicts $10 Price Target
XRP’s recent price action has reignited interest from retail traders.
Since November 5th, XRP has rocketed by 130%, with its latest push past $1.15 marking a three-year high.
This rally has also led to a spike in trading activity, with 24-hour spot volumes exceeding $10.5 billion.
That makes XRP the fourth most traded crypto – passing Solana.
Amid all this excitement, crypto analyst BarriC has drawn attention with his huge predictions for XRP’s potential.
The bull run for $XRPWill be different from the Utility run for #XRPWith the bull run we will see prices for $XRP in the $6-$10 range $15-$20 with a successful launch of an $XRP ETFWith the utility run, with mass global adoption we will see prices for $XRP starting…
— BarriC (@B_arri_C) November 15, 2024
His predictions have already been viewed over 296,000 times.
BarriC suggests the ongoing bull cycle could push XRP to between $6 and $10, a nearly 10–fold jump from its current price.
He highlights key factors that could drive such a jump, including the possibility of a spot XRP ETF.
However, for long-term scenarios, BarriC sees even more gains ahead.
His most dramatic prediction is that XRP will reach between $1,000 and $10,000 when the “utility run” begins.
XRP’s Technicals Signal Optimism, But Caution is Key
XRP’s technicals offer some support for BarriC’s bullish outlook.
The token’s vertical rally on the daily chart shows little sign of a major pullback so far.
However, XRP has pulled back on the 4-hour chart, rejecting the 0.618 Fibonacci retracement level.
This hints at the possibility of another upward push.
In the derivatives market, signals are similarly positive.
Open interest has surged to a record $2.1 billion, reflecting traders’ confidence in XRP’s prospects.
However, while all of that is positive, some important caution flags must be considered.
The daily RSI has entered overbought territory, which often comes before a correction as traders take profits and momentum cools.
Plus, XRP tends to rally hard and then drop just as aggressively.
An example of this was in July, when XRP soared over 100% before giving back all those gains in the following month.
So, while BarriC is optimistic about XRP’s long-term potential, caution might be warranted in the near term.
Could Crypto All-Stars Explode Next as Presale Hits $4.2M?
While the buzz around XRP is hard to ignore, some investors are focusing on early-stage crypto projects instead.
And one, in particular, is attracting a lot of attention.
Crypto All-Stars (STARS) has quickly become a standout in the presale space, raising over $4.2 million as it inches closer to its official launch.
What makes Crypto All-Stars unique is its MemeVault platform, a revolutionary multi-chain staking protocol designed just for meme coins.
BOOOM!Now it's a PARTY! All your faves are in the house as we sprint past $4m! pic.twitter.com/eh9OAEcbrX
— Crypto All-Stars (@all_stars_coin) November 16, 2024
It’s built using the ERC-1155 standard and allows meme coin holders to stake their assets and earn STARS tokens.
Currently, staking rewards are estimated at 409% per year.
By bringing a unified solution to the often fragmented meme coin space, Crypto All-Stars has set itself apart from the competition.
This setup has helped it attract attention from the influencer community.
Among its supporters is YouTuber ClayBro, who believes early STARS investors will enjoy some “big gains” once the token launches.
Crypto All-Stars’ tokenomics add further credibility, with 20% of the supply allocated to presale buyers, 25% for staking rewards, and 20% for marketing.
There’s even a 10% chunk for exchange liquidity.
So, although XRP’s rally dominates the headlines, Crypto All-Stars’ new take on meme coin staking suggests it could also deliver considerable returns.
That’s why many investors are watching the STARS presale as it continues to build momentum.
Visit Crypto All-Stars Presale
