Cryptocurrency analyst BarriC asserts that the rise of XRP to between $10 and $20 is merely the starting point 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 achievable.
The price of XRP will still rise to $1,000.
In a post on X, BarriC stated that the price of XRP could rise between $10 and $20, and this is just the beginning. He also added that the long-term goal for this altcoin is to reach $1,000. This analyst urged market participants to prepare for life-changing and generational wealth. BarriC provided a roadmap in other X posts on how XRP could reach four-digit prices.
In a post, he stated that once the price of XRP rebounds to $3, it will quickly rise to $5. This analyst predicts that the altcoin will then soar to double digits, firmly establishing itself at historical highs of $10 to $20. However, BarriC believes this is just the beginning for XRP, as it will still reach $100 and then $1,000.
He asserted that these price targets for XRP will be achieved faster than people think. In another article, this analyst hinted that banks' utilization of XRP could be a factor that triggers a price surge. BarriC indicated that investors can still buy this altcoin at around $2, which means banks have not yet utilized it.
This analyst stated that once global banks and financial institutions adopt and utilize XRP in their financial operations, the price of this altcoin will soar to $1,000. He referenced the bull market cycle of 2017 when XRP's price rose from $0.006 to $3.80, which leads him to believe such a parabolic rise is possible.
The altcoin is approaching a key resistance level.
Cryptocurrency analyst CasiTrades stated in an X article that the price of XRP is approaching a key resistance level after a recent surge. She emphasized that $2.69 is a primary resistance level, as this price point also represents the 0.236 Fibonacci retracement of the all-time high (ATH) and is a critical level to watch for pullbacks.
When commenting on the current price trend, she noted that despite low momentum and the completion of the five-wave count, the price continues to rise, which is particularly noteworthy. This analyst pointed out that this slow, controlled rise usually indicates strong underlying demand, a strong trend, and significant accumulation.
CasiTrades stated that if the price of XRP breaks and holds above $2.69, it will open the door for an explosive rise to $3. However, she claimed that if XRP fails to maintain this level, it could drop to $2.30 in the short term and pull back again.
According to CoinMarketCap data, at the time of writing, the price of XRP is approximately $2.50, having increased by nearly 5% in the past 24 hours.
