Unless it increases its capitalization or burns a large part of its supply, it won't be able to take off that much. How have analysts forecasted that?

The analyst expects XRP to reach $17 with a Mega Monthly candle, then $55 after breaking the Macro channel.
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Date: May 1, 2025
A prominent market commentator sees XRP breaking the upper limit of the three-digit zone, citing historical macroeconomic data.
XRP has not performed well over the past few months after surpassing $3.3 in mid-January. The currency collapsed from its seven-year high amid bearish pressures that have flooded the broader cryptocurrency market since February. XRP fell by 29% in February and an additional 2.58% in March.