Rekt Fencer, founder of X DAO, has set his short-term targets for Bitcoin, Ethereum, and XRP.
This happens as the crypto market awaits another round of bullish candles. Last week, Bitcoin hit a new all-time high of $124,400, but the momentum quickly reversed, and the price plummeted to $115,000.
The turnaround similarly impacted the altcoin market. Meanwhile, hopes remain high that a return is imminent. Amid this, Fencer shared his short-term outlook for several leading crypto assets. His forecast focuses on the next three to six months and, notably, he describes his targets as "conservative".
How High Bitcoin and Ethereum Will Go
Second Fencer, Bitcoin may reach between $160,000 and $225,000 in the coming months. This range aligns with other analysts' views on how high BTC can go this year. For example, prominent crypto podcaster Mario Nawfal said Bitcoin could reach $225,000 by December.
Such a price level would push Bitcoin's valuation beyond $4.4 trillion and place it above Microsoft, Apple, and Google.
Bitcoin's momentum would also impact the global crypto space. Fencer believes Ethereum could rise to the $10,000 to $12,000 range. This aligns with Fundstrat chairman Tom Lee's year-end forecast, which projected $10,000 to $15,000 by December.
Notably, $ETH is currently selling at $4,400. A run to $10,000 and $12,000 would raise its market cap to between $1.2 trillion and $1.44 trillion, which is enough to put it above Tesla and Berkshire Hathaway.
How High Will $XRP Go?
For XRP, Fencer has set a target of $5.20 to $6.50 in the next three to six months. At these levels, XRP's market cap would approach the $400 billion mark.
Fencer's $XRP predictions are more conservative compared to some ultra-optimistic forecasts of $10 to $30 by the end of the year. For example, influencer Alex Cobb said XRP could reach around $22 by December. Analyst Javon Marks sees a potential price of up to $99 within six months.