Justin Calls TRX ‘The Next XRP’, Will TRX Follow XRP’s Price Trajectory?
Tron price has seen strong gains today, rising by more than 15%. In addition, Tron founder Justin Sun’s remarks on X further triggered market discussions, especially after XR rose sharply. Let’s see what it is.
in a series of X’s PostJustin Sun compared TRX to Ripple’s XRP and called TRX the “next XRP,” attracting attention from the crypto community. In another post, he again expressed a similar sentiment and said “TRX=XRP.” Comparisons to XRP, which has recently experienced a massive rally, have sparked discussion in the broader cryptocurrency market.
Today’s TON price increase of more than 15% has attracted the attention of investors. Several factors may have contributed to the recent rise in cryptocurrency prices. The recent shift toward altcoins and rising institutional and retail interest may have contributed to the gains. Additionally, TRX’s market capitalization recently exceeded $20 billion. Its single-day trading volume surged 116% to $2.49 billion. It’s up 23% over the past seven days, while monthly gains are around 44%.
Will TRON follow XRP?
XRP recently surpassed Tether in market capitalization to join the top three cryptocurrencies. The stock has gained more than 80% in the past week. Additionally, XRP price was one of the best performers in the digital asset space last month. In addition, a series of positive developments at Ripple, including news of Gary Gensler’s resignation, XRP litigation developments, XRP ETF applications submitted by top players, etc., may have contributed to the recent rise.
XRP’s recovery comes after years of consolidation driven by the expansion of the Ripple-SEC lawsuit, which has so far limited its price trajectory. Meanwhile, TRX has shown steady growth over the years, surpassing its 2021 high of $0.184.
The technical model is consistent
These technological breakout patterns are consistent with Sun’s optimistic outlook, suggesting that TRX may mirror XRP’s growth trajectory. TRX is currently targeting an all-time high of $0.30, a milestone that would validate its long-term bullish potential.
Therefore, this comparison has not only caught the attention of investors, but also sparked discussion among investors as to whether Tron price will follow the same path as XRP, especially with Sun’s recent X post.
