XRP Price Surges by 15.57% in One Day, Analyst Predicts Future Growth

XRP’s Impressive Performance Amid Bitcoin’s Surge

XRP’s Latest Price Surge

XRP has seen a significant increase of 15.57% in the past 24 hours, capping off a strong performance over the last week. As Bitcoin approaches the $90,000 price range, XRP has emerged as one of the top gainers, with a 60.76% price jump.

Analyst Predicts XRP’s Future

Predictions for XRP’s Market Price

A crypto analyst known as BarriC has made bold predictions about XRP’s future. BarriC forecasts that XRP could reach a market price of $6-$10 during the crypto bull run, potentially yielding a minimum gain of 500% compared to its current price.

Factors Influencing XRP’s Potential Growth

BarriC’s optimistic outlook is influenced by factors such as the recent electoral victory of Donald Trump, which could lead to a more crypto-friendly US government. This could potentially resolve the ongoing legal battle between Ripple and the SEC, bringing clarity to XRP’s regulatory environment.

Potential Impact of a XRP Spot ETF Approval

Approval of a XRP spot ETF by the SEC could further boost XRP’s market price to $15-$20 during the bull market run. Additionally, if XRP sees widespread adoption for cross-border transactions and as a bridge cryptocurrency for banks, its price could skyrocket to as high as $100.

Market Whales Increase Holdings Amidst XRP’s Price Surge

Whales’ Confidence in XRP

Whales in the XRP market have acquired over 320 million XRP, worth $285 million, in the last 72 hours, signaling confidence in the asset for long-term profitability. Despite a slight price decline of 1.2% in the past hour, XRP’s trading volume has increased by 24.71% and its market cap now exceeds $50 billion.

Image source: StormGain, chart from Tradingview