After over a decade of facing regulators, surviving delistings from exchanges, and weathering market cycles, XRP is back in the spotlight, and this time, the conviction is different.
One of the early known investors in XRP recently boldly declared: "XRP didn’t come all this way to drop back down to $0.60."
And it’s not alone. Across cryptocurrency forums and the X (Twitter) platform, an increasing number of analysts predict XRP will reach the next major target of $11.34, a rise of nearly 15 times from current levels.
What fuels this renewed faith in XRP?
* The tested comeback story: XRP has been through a lot, including a lawsuit from the SEC, delistings from major exchanges, and years of sideways movements. But it survived and adapted, and is now in a position to potentially break out with the increasing importance of regulation, institutions, and real use in the cryptocurrency world.
* Why are analysts targeting $11.34: This target is based on historical Fibonacci extensions from previous market cycles, and the fact that XRP’s peak in 2021 reached $1.96, and reaching $11.34 would align with historical relative movements. Additionally, Ripple’s ongoing global expansion fuels speculation of widespread adoption.
* Enhancing XRP's global utility: While other coins compete for popularity, Ripple Labs is quietly executing its plans by expanding ODL (On-Demand Liquidity) corridors, establishing real partnerships with banks and payment service providers, and leading pilot programs for central bank digital currencies (CBDC).
* Market psychology: From skepticism to determination: The overall sentiment towards XRP has notably shifted, and its holders, who were once mocked, are now taken seriously.
* What’s the plan? If XRP continues to hold key support levels while Bitcoin consolidates, we may witness the "perfect storm" of regulatory easing, expanding interest, institutional accumulation, and a buying frenzy from individuals once it surpasses the $2.00 mark.
In summary: The price of $11.34 may seem crazy to some, but for those who have endured the toughest times, it is not just a dream, but a reality. XRP didn’t come this far to stop at $0.60. The community knows that, the charts align, and history often favors the persevering.