XRP Primed For $100 Price Target – Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	62,220,443,912	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

62,220,443,912

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.010	-0.90%	1.10	1.10	1.10

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.010

-0.90%

1.10

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.16	1.08	1.10	1.11	0.382490 - 1.30

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.16

1.08

1.10

1.11

0.382490 - 1.30

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:39:44	43.23	1.10	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:39:44

43.23

1.10

USD

Price x Volume	Volume	Base Symbol	Related Pairs
197,058,597.20	176,451,380.99	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

197,058,597.20

176,451,380.99

XRP Primed For $100 Price Target – Here’s Why

16/11/2024 9:00pm

NEWSBTC

According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin’s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase. Following this price surge, a crypto analyst with X username BarriC has provided some interesting predictions on XRP’s future. Related Reading: XRP Ledger Booms: $44 Million In Transactions As Activity Soars XRP To Reach $10 In Bull Market, But There’s More In an X post on November 15, BarriC released several price targets for XRP tied to certain conditions. Firstly, the analyst forecasted XRP to attain a market price between $6-$10 in the crypto bull run, representing a minimum potential 500% gain on the token’s present price. These high expectations by BarriC are rather not uncommon due to several factors especially Donald Trump’s recent electoral victory which is expected to usher in a crypto-friendly US government. For XRP, the Republican President sticking to his electoral crypto manifesto holds massive importance as it may bring a decisive end to the legal battle between Ripple and the SEC, and permanently halt the regulatory uncertainty over the token. In addition, Trump’s presidency also boosts the possibility of the XRP spot ETF with the SEC expected to present fewer regulatory hurdles for crypto-linked securities. Following approval, BarriC postulates a spot ETF can drive the altcoin to a market price of $15-$20 if approval comes amidst the bull market run. Furthermore, the analyst discusses a utility run during which the altcoin will undergo massive adoption in its use for cross-border transactions and as an institutional bridge cryptocurrency for banks. If the utility run occurs as predicted with global adoption levels of XRP, BarriC forecasts the altcoin to attain a minimal price of $100. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest Market Whales Boost Holdings By 320 Million XRP In other news, whales in the XRP market have acquired over 320 million XRP, valued at $285 million, in the last 72 hours amidst the token’s recent price surge. The coin rose from around $0.69 to reach a local peak of $0.92 as rumors of Gary Gensler’s resignation as SEC chairman circulated on media spaces. While the altcoin has recorded a slight price decline of 1.2% in the past hour, the massive purchase by whales indicates a belief in the asset for long-term profitability. At the time of writing. XRP trades at 0.89, with his market cap value now above $50 billion. In tandem, the token’s trading volume is up by 24.71% and valued at $11.75 billion. Featured image from StormGain, chart from Tradingview

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BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
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Dow Jones Indices
Precious Metal

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