#VELODROME将上线币安
XRP Price Soars! Analysts Boldly Predict It Could Reach $6 by Year-End!
Market analyst EGRAG, based on the Bifrost bridge analysis, predicts the price trend of XRP.
Recently, XRP has shown significant growth, with a bullish outlook.
In November 2024, XRP saw a monthly increase of 283%, the largest in seven years. In December, it increased by another 26.4% in the first 12 days.
EGRAG compares it to 2017, believing XRP could reach $6 and $27.
Interpreting Price Targets:
EGRAG predicts based on Fibonacci retracement and historical patterns. In March 2017, XRP surged by 150%; in May, it rose another 1330%. He believes XRP may replicate this trend, potentially reaching $4.3 to $6.4 by year-end. In January 2025, another significant rise could occur, with prices reaching $13.7 to $27.3.
Addressing Market Cap Concerns:
People question XRP's market cap and liquidity. EGRAG points out that the total market cap of the cryptocurrency market was $60 billion in 2017 and increased to $3.7 trillion in 2024. If this multiplier is applied to XRP, its market cap could reach $900 billion, requiring a market share of 9% to 18%. Considering XRP's applications in cross-border payments and other areas, this target is feasible.
Ripple CEO predicts the total market cap could reach $5 trillion. Currently, XRP is priced at $2.34, with a market cap of $133 billion and a market share of 3.59%. If it regains the 31% market share it had in 2017, its market cap could exceed $1 trillion.
The forecast emphasizes XRP's growth potential, which needs to maintain momentum and market relevance.
EGRAG's analysis indicates that XRP could reach $6, or even $27, warranting close attention.
In the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where a tenfold return is very possible. If you want to make big money in a bull market, like and comment, and I'll take you through the entire bull market!
