Renowned Bitcoin day trader Emily confidently predicts that XRP will inevitably reach a value of $10, coinciding with Bitcoin’s rise to $100,000. Emily shared her price targets for various leading altcoins, including Ethereum (ETH), Solana (SOL), and BNB, in a recent post on X. She believes that XRP will experience a significant surge in this bull market, especially if Bitcoin reaches $100,000 or Ethereum hits $10,000.
At the current Bitcoin price of $68,673, the premier cryptocurrency would need to increase by 45.62% to surpass the $100,000 mark. Interestingly, if XRP grows by 45%, starting from its current market value of $0.5179, it would only reach $0.754, a figure that Emily considers to be overly conservative. She anticipates that XRP could achieve a new all-time high if Bitcoin reaches $100,000.
For Emily’s projection of XRP reaching $10 to come true, the cryptocurrency would need to increase by 1,831% from its current price. However, she did not provide any specific reasons or factors to support the inevitability of such a significant price increase.
Interestingly, four other analysts agree with Emily’s $10 forecast, citing historical patterns on XRP charts as the basis for their predictions. XForceGlobal identified a symmetrical triangle on XRP’s chart from 2021, suggesting a breakout that could lead to a price range of $9 to $11. CryptoBull observed an ascending triangle on the monthly chart, predicting a price range of $10 to $13 this year. Capt. Toblerone used an Elliott Wave pattern to forecast a rise to $10 to $11.5. In December, analyst EGRAG argued that XRP could reach $10 or even $50 based on a rare three-green candle pattern on its monthly chart.
Considering XRP’s recent price movements, these expectations for a $10 price seem ambitious. XRP is currently trading at $0.5179, which is 2% lower than its price from the previous week. When looking at longer timeframes, such as the past month and year, XRP’s performance has shown a similar 2% decline. Despite the generally bullish sentiment in the crypto market, XRP has remained stagnant around the $0.5 mark for the past few months, with minimal sustained upward movement.
Nevertheless, optimistic individuals like Emily continue to believe in XRP’s potential, boldly asserting that a nearly 20-fold increase is inevitable.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are solely the author’s opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.