Cryptocurrency analyst BarriC asserts that the price surge of XRP to levels between $10 and $20 is just the beginning for this altcoin. This analyst still expects XRP to rise to four digits and has previously explained why he believes such an ambitious price target is feasible.

XRP Price Will Still Rise to $1,000

In a post on X, BarriC claimed that the potential price surge of XRP to between $10 and $20 is just the beginning. He added that the long-term target for this altcoin is $1,000. This analyst urges market participants to prepare for life-changing wealth for many generations. In other posts on X, BarriC has provided a roadmap on how to achieve four digits.

In a post, he stated that when the XRP price recovers to $3, it will quickly rise to $5. The analyst predicts that this altcoin will then surge to double digits, comfortably ranging from $10 to $20 as a new all-time high. However, BarriC believes this is just the beginning for XRP as it will still reach $100 and then $1,000.

He asserts that these price targets for XRP will occur much sooner than people think. In another post, the analyst hinted at banks using XRP as a factor that could trigger this price surge of XRP. BarriC stated that the fact that investors can still accumulate the altcoin at around $2 means that banks are not yet using it.

Analysts say that once banks and financial institutions worldwide adopt and use XRP in their financial dealings, this altcoin will soar to $1,000. He referred to the bullish cycle of 2017 when the token's price increased from $0.006 to $3.80, which is why he believes such a spike is possible.

Altcoin Approaching Important Resistance Level

In a post on X, cryptocurrency analyst CasiTrades claimed that the XRP price is approaching critical resistance levels after the latest price surge. She emphasized that $2.69 is a key resistance level, as this price is also the Fib .236 retracement level from the all-time high (ATH) and an important level to watch for retracement.

Commenting on the current price action, she noted that it is remarkable that the price continues to rise despite low momentum and has completed 5 waves. The analyst remarked that this slow and controlled increase often signals strong fundamental demand, a strong trend, and significant accumulation.

CasiTrades stated that if the XRP price breaks and holds above $2.69, it will open the door for a explosive move towards $3. However, if the altcoin fails to hold this level, she claims it could record a short-term decline down to $2.30 to reset.

At the time of writing, the XRP price is trading at around $2.50, up nearly 5% in the past 24 hours, according to data from CoinMarketCap.