The cryptocurrency analyst Ripple Queen made a bold prediction that the price of XRP could reach $10,000 at some point. She highlighted factors that make this price target achievable, despite its ambition. In a post on platform X, Ripple Queen stated that a price of $10,000 for the $XRP is already 'guaranteed.' She argued that the mathematics prove that the altcoin can reach this value, mentioning that its supply is limited and its utility is unparalleled. The analyst also noted that the world is rapidly adopting XRP, and regulatory clarity is consolidating in the cryptocurrency industry, which is positive for the price of the $XRP . With this regulatory clarity, and laws like the GENIUS Act, Ripple is poised to expand its operations, increasing the adoption of the $XRP . Ripple's CTO, David Schwartz, indicated that XRP will continue to be the bridge currency for its payment services. Ripple Queen stated that mass adoption is no longer a dream, but a countdown, which is why she believes that the price of XRP will reach $10,000. She also mentioned that banks and institutional investors are discreetly accumulating XRP, which could lead to a significant supply shock. These investors will have more opportunities to accumulate XRP once the SEC approves XRP ETFs, with Bloomberg analysts predicting a 95% chance of approval. The launch of these funds will bring more capital into the altcoin ecosystem, which is positive for the price of XRP.
The cryptocurrency analyst CasiTrades provided insights on the current price action of XRP, as she seeks this projected high of $10,000. In a post on platform X, she stated that the price action is not yet bearish from a technical perspective, despite the recent correction. The analyst noted that the low of $2.75 remains above the wave 1 high around $2.65, keeping the larger uptrend intact. CasiTrades revealed that bullish divergences are appearing on the 15-minute chart up to the 4-hour chart, suggesting that $2.75 may be the bottom of this corrective wave. Moving forward, the analyst stated that a proper recovery of $3.21 and a strong breakout above this level would begin to confirm that the correction is over and that the next leg up is underway. If this happens, the next target zone will be between $4.60 and $4.80. At the time of writing, the price of XRP is trading around $3.05, with a rise of over 2% in the last 24 hours, according to data from CoinMarketCap.