XRP’s price suffered a 4% drop today, giving up most of last week’s gains. This drop comes on the heels of Bitcoin’s fall to $60,000 in the past 24 hours, which has attracted widespread attention in the market.
Although XRP is currently priced at just over $0.60, well-known analyst Mattomatik boldly predicts that its price could soar to $89 in the near future. She believes that if Bitcoin can reach the $200,000 to $400,000 range, XRP will be able to achieve this goal.
Many market commentators have also speculated that this price range for Bitcoin may be its potential target for a continued bull market.
Mattomattik further pointed out that large cryptocurrency traders or "whales" may have known about this potential price movement of XRP, but they chose to keep it secret and were unwilling to share this information with retail investors. She laughed and said: "These whales don't want you to know this secret."
At the current floor price of $0.6014, XRP would have to grow in value by about 147 times to reach its $89 price target. This is undoubtedly a huge challenge, but Mattomatik is confident that it will be achieved.
Meanwhile, Bitcoin’s current price is $61,687. To reach the lower end of Mattomatik’s forecast, Bitcoin would only need to grow by 224%. However, to reach the $400,000 level, a much more dramatic growth of 548.4% would be required.
Essentially, while Bitcoin has the potential to surge fivefold from its current value to $400,000, Mattomatik expects XRP’s upward trajectory to be even more radical. She believes that XRP’s price could rise 147 times, a prediction that is undoubtedly eye-popping.
It is worth mentioning that this is not the first bold XRP prediction related to the future of Bitcoin. Earlier, another widely followed market analyst also predicted that if Bitcoin breaks through the $500,000 mark, XRP may trade at $20 in this bull market. Compared with Mattomatik's prediction, this view seems relatively conservative.
On the other hand, XRP community analyst Levi Rietveld boldly asserted that if Bitcoin is worth $13 million, the price of XRP could even exceed $100. This prediction was made by MicroStrategy Chairman Michael Saylor, who expects Bitcoin to reach this ambitious high in about 20 years.
However, as exciting as these predictions sound, XRP analysts also point out that the goal of XRP surging over $100 next year is still highly speculative and unlikely to be easily achieved.
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