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Jakarta, Pintu News – After starting the month with a bearish trend, the market has turned bullish again, and various scenarios for the latest XRP (XRP) price predictions have begun to emerge.
As of August 11, XRP was trading at $3.27, edging up 0.63% in the last 24 hours, but recording a weekly gain of 10%.
Meanwhile, Bitcoin (BTC) is on the verge of setting a new record high after breaking the $122,000 price. Ethereum (ETH) is also showing similar movement, now above $4,300 for the first time since 2021.
Amidst these promising market conditions, more and more voices are predicting XRP to break into the double-digit price range.
Read also: Ethereum Surge Pushes Vitalik Buterin’s Net Worth Past $1 Billion!
In a tweet on X on August 10, popular crypto analyst Ali Martinez revealed his new prediction, saying that XRP is now heading towards a price of $11.
The decisive price break occurred around $2.25, just above the 0.786 Fibonacci retracement level. From that point, XRP rose towards $3.66 before undergoing a minor consolidation.
Currently, XRP is holding firm above the breakout zone and continues to maintain its bullish momentum.
By applying Fibonacci extension levels to the current price structure, Martinez sees two main upside targets.
The first target is at $5.75 (1.272 extension). The second target is the long-term goal at $11.20 (1.618 extension).
Reaching either of these levels would mark a new record high price for XRP, where $11 would be the first time XRP has entered the double-digit range. Its market capitalization would surpass $650 billion – enough to match the value of global payment provider Visa.
Furthermore, Martinez also highlighted on-chain metrics that support XRP’s price projection towards $11. Specifically, XRP’s MVRV ratio is showing a “golden cross ” pattern – which is when the indicator rises past its 200-day moving average.
To illustrate, this pattern has previously preceded price spikes of 630% and 54%.
Read also: 2 Crypto AIs to Watch Out For After ChatGPT OpenAI Launches GPT-5, Why?
If the small spike scenario repeats, the price of XRP could rise to around $5. However, in the event of a spike as big as the larger historical movements, the price could be pushed up to $24, making its market capitalization comparable to global giants like Tesla.
On the other hand, market analysts like Carl Moon predict that XRP’s performance could jump 10-fold, which means its price could surpass $30. Carl thinks this might happen if the Ethereum price breaks $20,000.
Other analysts, such as Dustin Layton, even project that the price of XRP could reach $50 by December 2025.
With the SEC lawsuit now settled, investor sentiment towards XRP is getting stronger. For the first time in almost eight years, XRP looks poised to retest the $3.84 price peak, and potentially surpass it.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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