$150 XRP ATH could come true if a logarithmic move plays out.
Analyst expects a 40x pump for altcoin XRP this bull cycle.
The next ATH target for XRP to hit lies between $4.5 and $5.4.
Ripple’s XRP is undoubtedly one of the most bullish altcoins this bull cycle. So much so that one reputed crypto analyst believes that a $150 XRP ATH could come true during this altseason’s bull cycle phase. In detail, a logarithmic move playing out could lead to a 40x pump for the price of XRP over the next few months. For now, one analyst advises setting sights for the next ATH XRP prices between $4.5 and $5.4.
$150 XRP ATH Could Come True
According to CoinMarketCap data, the price of XRP sits at $3.41, boasting a total market cap of $202,327,884,423.41 and a 24-hour trading volume of $6,292,541,611.79. Over the last 7 days, 30 days, and 1 year, the price of XRP has gone up over 23%, 59%, and 475%, respectively, showing a bullish stride and exhibiting why XRP has been one of the most bullish altcoins this bull cycle.
The altcoin's present price of $3.41 brings the asset just 10.6% away from its previous ATH target set at $3.84, made 8 years ago. This previous ATH price was hindered due to the SEC’s quarrel with Ripple and XRP. The battle went on for about 7 years, leading to the price of XRP declining significantly. The scrutiny also led to XRP missing the previous bull cycle, leading several analysts to expect a parabolic leap for XRP this bull cycle.
https://twitter.com/JavonTM1/status/1946715273798795358
The price of XRP has already seen two parabolic pumps this bull cycle, yet analysts remain highly bullish for greater bull targets, some of which seem too high to be true. So far, several analysts have shared ATH and cycle top price predictions for the altcoin XRP; these predictions fall between $5 - $27 on the low range and $99 - $150 on the higher range. As we can see from the post above, there’s one such example.
This analyst has said that XRP is on the brink of a massive bullish breakout even after a bullish surge of over 530% to new ATHs. Now, the analyst expects to see a 40x pump in XRP prices if the crypto market shows continued strength. This 40x pump could bring the price of XRP to an ATH of over $150, but only upon a full logarithmic measured move following through for the altcoin.
Next XRP ATH Target Set Between $4.5 and $5.4
https://twitter.com/CryptoBullet1/status/1917142415808377258
While the analyst mentions this is a high risk target that could seem impossible, cryptos have been known to follow through on similar logarithmic measures before. For a more measured and plausible target for the next XRP ATH price, the analyst above confirms that XRP has flipped major resistance on the monthly price chart and expects the price of XRP to climb higher to hit bull targets between $4.5 and $5.4 soon.
