Bitcoin day trader Emily has made a bold prediction, stating that XRP will reach a value of $10 in the near future. In a recent post, Emily shared her price targets for various altcoins, including Ethereum, Solana, and BNB.
According to Emily, XRP’s surge to $10 is inevitable, especially if Bitcoin hits $100,000 or Ethereum reaches $10,000. Currently, Bitcoin is trading at $68,673, and a 45.62% increase would be needed to reach the $100,000 mark. Similarly, a 45% growth in XRP’s current market value of $0.5179 would only place it at $0.754, an amount Emily considers to be quite conservative. She believes that XRP could set 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 such a significant price increase.
Interestingly, four other analysts share Emily’s forecast and believe that XRP could reach $10 during this market cycle. They attribute this potential surge to historical patterns observed on XRP charts. One analyst points to a symmetrical triangle on the chart, suggesting a breakout that could lead to a price range of $9-$11. Another analyst identified an ascending triangle on the monthly chart, predicting a price range of $10-$13 for this year. Yet another analyst used an Elliott Wave pattern to forecast a rise to $10-$11.5. There was also an analyst who argued that XRP could reach $10 or even $50 based on a rare three-green candle pattern on the monthly chart, which has historically been followed by significant rallies.
However, it’s worth noting that XRP’s recent price movements have not been particularly impressive. The cryptocurrency has been trading around $0.5 for the past few months, with minimal upward momentum despite the overall bullish sentiment in the crypto market.
Despite this, optimistic individuals like Emily firmly believe in XRP’s potential and confidently claim that a nearly 20-fold increase is inevitable.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views 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 incurred.