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Jakarta, Pintu News – XRP (XRP) is back in the green and is currently trading at around $2.24 after significant gains in the last 24 hours. With the launch of several XRP ETFs and the influx of millions of dollars in funds, enthusiasm in the community has picked up again.
However, this fervor has also brought back the old prediction that XRP is on its way to the $100 mark. However, analysts believe that mathematically, this prediction is unrealistic.
Crypto analyst Zach Humphries doesn’t sugarcoat his views. He admits that he likes XRP as much as the next fan, but according to him, the notion that XRP will reach $100 next month is “fanciful.”
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To reach that mark, XRP needs a market capitalization of $6 trillion-more than double the current value of the entire crypto market-and there are only about 35 days left in the year.
Even so, Humphries emphasized that he still believes in XRP’s strong long-term prospects.
In the last 24 hours, the price of XRP has been stable, which is not surprising. Yesterday there were early signs of bearish pressure in the market, and indeed there was a slight weakening in the short term.
Despite the slowdown, overall XRP still looks healthy on the long-term chart. A small drop to the $2.14-$2.12 range is more realistic, and even a short spike to $2.06 is not surprising. But from those points, a price recovery is still very much possible.
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As long as the overall market conditions remain stable, XRP still has a chance to continue rising. The next upside targets in focus are:
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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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