XRP Reverses Course—New High Looks Unstoppable

XRP broke $2.60 again this week, its second break in a few days. The coin is up 17% in seven days as traders target $3.


After falling to $1.60, XRP is up 60% to $2.47, when this story was written. His chart implies this leg might push XRP beyond $5.00. If that happens, the token will double from today.

Market Cap Could Top Ethereum

Analysts estimate that a $5.90 XRP would increase its market worth to almost $345 billion. This is somewhat more than Ethereum's current $317 billion value. Flipping ETH is risky, but bulls have regrouped.

Ethereum gained 30% last week, over double XRP. Even if XRP finds opportunity to grow, it may face tough market share competition.

Other experts contrasted XRP's 5% market domination to early 2018's 30% at $3.84. They anticipate regaining that share might push the price beyond $10 this year.

However, not everyone believes figures convey the whole picture. After its SEC case, XRP faces legal issues in the US that might depress prices.

Experts predict a positive scenario. If the global crypto market reaches $35 trillion, XRP may reach $1.25 trillion, or $20 per coin. It rose 750% from $2.60. But even seasoned investors know that huge jumps usually include violent pullbacks.

The traders have a clear option. You may pursue XRP as it tries new ground or wait for a pause or retreat before going in. Recent token strength is genuine, but the path to new highs may be difficult. Whether $5.80 or $20, the voyage will likely be rocky.

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