Analyst Calls For XRP To Hit $70—Too Bold Or Realistic?
The expectations of XRP’s future price trajectory, the cryptocurrency community is full of people’s attention. Market analyst EGRAG CRYPTO predicts that the value of XRP will increase significantly, with a potential 70 %.
If these predictions are accurate, XRP Market value It may reach $ 300 billion in the near future, resulting in fluctuations between $ 5 and 6. However, the future of the future is the source of true enthusiasm. If XRP adheres to the previous market cycle model, the market value of tokens may increase to $ 1 trillion, thereby estimated that each coin is $ 20.
Riding in the success of the past cycle
XRP shows endurance over time, even if it is known that the encryption industry is unstable. Its possibilities are usually related to the past market cycle. In this cycle, similar trends have led to a significant increase.
#XRP -The market value (the first batch of $ 300B -$ 1.1 T):
Scheme 1:
If we look at the measuring movement of the channel, #XRPThe market value may increase to an amazing $ 4 trillion!
Although this is possible, it is tricky to predict the timing of this move. If this happens, #XRPThe price … pic.twitter.com/vfrzrbokv4
-EGRAG CRYPTO (@egragCrypto) February 1, 2025
With the positive prospects of the current cryptocurrency market, XRP may also see similar growth. Analysts say XRP’s commitment comes from its main use in decentralized finance and international payment.
$ 70 forecast: Is it realistic?
Although some people may consider estimating an estimated $ 70 unrealistic, it is not only based on the wishful thinking. More institutions adopt and clear the potential of regulations. Experts believe that this is a wider market trend and a key factor in promoting this increase.
Obstacles on the way
Nevertheless, XRP’s journey still brings some difficulties. Legal conflicts like the current SEC case have always caused a lot of ambiguity. Such elements may affect the price of XRP and hinder any possible improvement.
XRP price action
In the past 24 hours, XRP fell 20 % to $ 2.31. Open interest has fallen by 5.50 % to $ 6 billion, indicating that certain positions are ending. At the same time, the amount of options decreased by 63 % to 4.50k, indicating that speculation declined. In contrast, the interest open interest rose by 26 % to 1.6 million US dollars, indicating that the confidence of long -term traders has increased.
By $ 20 and later
EGRAG CRYPTO predicts that XRP will increase significantly, which may reach a market value of $ 300 billion or even $ 1 trillion. Despite some legal issues, the strong foundation of XRP and the increasing attention of institutions indicate that the price may rise sharply, which may reach $ 20 or even $ 70.
Featured images from Dall-E, chart of tradingView
