XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	106,340,395,050	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

106,340,395,050

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.060	-3.08%	1.89	1.89	1.89

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.060

-3.08%

1.89

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.96	1.85	1.93	1.95	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.96

1.85

1.93

1.95

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:45:59	4.73	1.89	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:45:59

4.73

1.89

USD

Price x Volume	Volume	Base Symbol	Related Pairs
134,984,540.07	71,294,715.98	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

134,984,540.07

71,294,715.98

XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target

30/11/2024 9:00pm

NEWSBTC

Crypto analyst Vincent has given reasons why the XRP price could rally to as high as $10,000 at some point. This comes amid the recent XRP rally, with the crypto now targeting its current all-time high (ATH) of $3.8. Why The XRP Price Can Reach $10,000 In an X post, Vincent revealed that he had consulted with ChatGPT, and the AI chatbot had told him that the XRP price could easily reach $10,000 per coin. XRP’s market cap is one reason that has been used as an argument as to why the crypto can’t achieve such a price level. The analyst stated that ChatGPT also invalidated the market cap argument, stating that monetary market cap is an invalid metric. Related Reading: Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge Vincent failed to provide a timeline for when ChatGPT said the XRP price could reach such an ambitious price target. However, he mentioned that he had discussed Ripple with the AI chatbot. This suggests that ChatGPT might have considered Ripple’s influence before making this $10,000 prediction. Indeed, Ripple could play a major role if the XRP price is to come close to or reach this $10,000 target. While predicting that XRP can reach $1,000, crypto analyst CryptoTank alluded to Ripple payments service and cited an instance where the crypto firm’s payment rails are used to process most cross-border transactions. XRP’s use case will increase as Ripple’s payment service enjoys mass adoption, providing a bullish outlook for the XRP price. Meanwhile, it is also worth mentioning the XRP ETFs, which are also bullish. The US Securities and Exchange Commission (SEC) could approve these funds next year, especially with reports that pro-crypto Paul Atkins could replace Gary Gensler. These funds would drive institutional inflows into the XRP ecosystem, sparking a significant price rally. However, it remains to be seen if they could drive the crypto to five figures. A Rally To Double Digits In This Cycle Amid this lofty XRP price prediction of $10,000, crypto analyst Mikybull Crypto has predicted that the crypto could rally to double digits in this market cycle. This came as the analyst stated that XRP was giving 2017 kind of rally vibes, indicating that the crypto could replicate its legendary rally of over 61,000% in that 2017 bull run. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? In line with this, the crypto analyst predicted that XRP price would hit $2, experience a pullback, and then continue its vertical hated rallies to a new cycle top of probably $10. Using the Elliott Wave theory, crypto analyst Dark Defender predicted that XRP could rally as high as $18 in this bull run. At the time of writing, the XRP price is trading at around $1.90, up over 18% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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