XRP surpasses USDT with a $135B market cap, becoming the third-largest digital asset.
Analyst Tony Edward predicts XRP price to hit $5-$8 this market cycle.
XRP trades at $2.38 after surging 361% in 30 days, outperforming competitors like SOL.
The altcoin XRP has become the third-largest digital asset by market capitalization, surpassing Tether’s stablecoin, USDT. This has triggered bold predictions from the crypto community, but analyst Tony Edward, founder of the Thinking Crypto podcast, offers a more realistic outlook. On X (formerly Twitter), Edward predicted XRP will reach $5-$8 during this market cycle.
XRP currently trades at $2.38, up 25.67% in the past 24 hours, 62.48% in the last week, and 361.48% in the past 30 days. It has outperformed all its competitors, including Solana (SOL).
XRP boasts a market cap of $135 billion, according to CoinMarketCap, leaving USDT, BNB, SOL, and other tokens behind. While Edward predicts a $5 to $8 range, he acknowledges the potential for higher prices. However, he dismissed predictions of XRP reaching $589, $1,000, or even $10,000 to be unrealistic.
The Relative Strength Index (RSI) in the XRP daily chart below…
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