Ripple (XRP) is making a comeback with promising bullish signals. As the crypto ecosystem shifts towards ETFs, a renowned analyst sees explosive potential for the token. Targeting $3: mere fantasy or plausible scenario? Find out all the details.
The renowned crypto analyst BarriC recently shared his highly optimistic forecasts regarding the XRP price. In a post on X, he stated that the altcoin could soon reach $3 and even surge to $5 when the altcoin season begins.
According to BarriC, once XRP surpasses the $3 mark, its rise will not stop there. He believes that the altcoin could then soar to $10-20 at the peak of the next altcoin season. But that’s not all: the analyst goes even further by predicting that XRP could even reach $1,000 in an extraordinary scenario.
BarriC justifies these ambitious forecasts by highlighting the potential impact of ETFs on XRP. He notes that the approval of ETFs on Bitcoin had a significant catalyzing effect on the price of the queen of cryptos. Therefore, he expects that the arrival of ETFs on Ripple’s token could trigger a similar dynamic and propel the altcoin to unprecedented levels.
Source: TradingView
Other analysts, like Egrag Crypto, are slightly more cautious but generally optimistic. They forecast that XRP could rise to $7.50, $13, and then $27 during this bullish cycle. However, they also caution against the possibility of a final dip to $1.85 before takeoff.
Regardless, analysts’ forecasts agree on one point: XRP seems currently well-positioned to fully benefit from the upcoming altcoin season. With a current price around $2.10, investors may have an ideal opportunity to position themselves on this high-potential asset.
If you are considering buying Ripple , the platform WEEX allows you to purchase it easily.
Prior to any investment, it is always recommended to thoroughly research the market conditions and the risks involved. Above all, never invest more than you can afford to lose.
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