Analyst Predicts $3 Trillion Market Cap For XRP — How Likely Is It?

A recent analysis from EGRAG CRYPTO has sparked significant interest within the cryptocurrency community. It proposes that XRP‘s market cap could soar to $3 trillion, positioning XRP among the top digital assets and potentially reshaping the crypto market landscape.

Adding to the bullish sentiment, EGRAG CRYPTO points out a White Triangle” breakout pattern on the charts, historically a reliable predictor of positive price movements. This pattern forecasts a short-term price target ranging between $1.20 and $1.50, with an expected breakout happening soon.

Despite the optimistic outlook provided by these technical indicators, there is considerable skepticism about XRP reaching a $3 trillion market cap soon, given the need to surpass major cryptocurrencies like Ethereum and challenge Bitcoin’s dominance. Such skepticism tempers the enthusiasm, reminding investors of the formidable hurdles XRP faces in achieving such unprecedented growth.