Analyst Who Said XRP Market Will Surpass Apple Was the Subject of Ridicule

An anonymous crypto analyst made a wild prediction for XRP, which is issued by Ripple.

The analyst, known as “Amonyx” on social media, thinks that the XRP price could rise by more than 11,745 percent compared to its current level. The analyst bases this prediction on a logarithmic price chart.

It did not seem convincing to his followers

The analyst, who drew the price ranges that XRP has been traded in since 2014, wrote that XRP is currently still moving at the lower limits and needs to rise by 11,745 percent to reach the upper limits.

Amonyx said that a huge “God Candle” could be seen in the XRP markets. A God Candle is a candle that indicates that a cryptocurrency price may increase at extreme rates. Some analysts think that a cryptocurrency price could increase at incredible rates thanks to the God Candle.

However, cryptocurrency followers were not very optimistic about Amonyx's analysis, and some ridiculed this prediction.

Is it a realistic prediction?

It is hard to blame those who are skeptical about this prediction made for XRP. Because XRP's 11,745 percent increase in value means a market value of $3.82 trillion. For comparison, it can be said that Apple's (AAPL) market value is $3.37 trillion.

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