Analyst Predicts XRP Price To Reach $110, Here’s When
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $110 and revealed when this price rally will happen.
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price, predicting it could rally to triple digits. The analyst revealed when the crypto would enjoy this parabolic rally to this price target.
XRP Price To Hit $110 In The Next Cycle
In an X post, crypto analyst Egrag Crypto predicted that the XRP price could rally to triple digits and hit $110 in the next bull cycle. He also predicted that the crypto would reach double digits this cycle and gave an update on his ‘ Just Do It’ chart analysis to explain why this price surge would happen.
In another X post, the crypto analyst gave his take on the current XRP price action while analyzing the 8-hour time frame. Alluding to his chart, he stated that as long as XRP stays within the horizontal channel, everything else is just market noise.
Why XRP Can Rally To $100
Crypto analyst Andrei Jikh recently outlined several bullish fundamentals that could send the XRP price to the $100 mark. This includes a potential end to the Ripple SEC lawsuit, Japanese banks adopting XRP for cross-border payments, a potential approval of the XRP ETFs, and Ripple becoming the go-to platform for cross-border payments, as this would drive XRP’s utility and demand up.
Furthermore, the analyst also alluded to the XRP Ledger’s (XRPL) functionality and how it can process up to 1,500 transactions per second. Jikh believes that this makes the XRPL a potential option for tokenization plans, including BlackRock’s CEO Larry Fink’s calls to tokenize bonds and stocks. An increase in the XRPL’s adoption would lead to greater demand for XRP, ultimately impacting its price. The crypto analyst also believes that the RLUSD stablecoin could also contribute to the projected XRP price rally to $100 since more XRP tokens will be burned as RLUSD enjoys greater adoption.
#Write2Earn #Write2Earn! #XRP $XRP
