{"id":567089,"date":"2023-12-27T17:30:30","date_gmt":"2023-12-27T17:30:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=567089"},"modified":"2024-06-11T11:22:30","modified_gmt":"2024-06-11T11:22:30","slug":"crypto-analyst-predicts-xrp-price-will-explode-58000-to-352","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/crypto-analyst-predicts-xrp-price-will-explode-58000-to-352\/","title":{"rendered":"Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352"},"content":{"rendered":"

A crypto analyst has put together a <\/span>bold prediction<\/span><\/a> as to the <\/span>future trajectory<\/span><\/a> of the XRP price. Based on his prediction, <\/span>the XRP community<\/span><\/a> could see the crypto token\u2019s price enter three digits soon enough.\u00a0<\/span><\/p>\n

XRP Price To Rise To $352<\/h2>\n

In a <\/span>video<\/span><\/a> posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP\u2019s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on <\/span>Ripple\u2019s<\/span><\/a> board, and Robert Mitchnick, a former employee at the crypto firm.<\/span><\/p>\n

Related Reading: The Crypto Bulls Are Back: Digital Asset Inflows Cross $103 Million In One Week<\/a><\/div>\n

The crypto analyst had input metrics like <\/span>transaction volume<\/span><\/a>, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352.\u00a0<\/span><\/p>\n

Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token \u201cfinally mooning\u201d in 2024.\u00a0<\/span><\/p>\n

The price prediction of $352 seems like a far reach, considering that XRP still <\/span>sits at around $0.6<\/span><\/a>. That price level, however, seems more attainable when compared with more daring price predictions like the one of <\/span>XRP hitting $10,000<\/span><\/a> in the future.\u00a0<\/span><\/p>\n

Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he <\/span>recently suggested<\/span><\/a> that the XRP price movement defies technical analysis.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

XRP trending at $0.63 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
XRP And Other Altcoins Entering Into Bull Phase<\/h2>\n
The analyst behind the JWKShow channel also shared his analysis of the <\/span>altcoin market<\/span><\/a>. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Millionaires Rise By 246% In 2023, Here\u2019s How Many There Are<\/a><\/div>\n
He specifically touched on the <\/span>XRP<\/span><\/a> price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in <\/span>XRP\u2019s transaction volume<\/span><\/a>, which is also bullish for the crypto token.\u00a0<\/span><\/p>\n
Interestingly, the crypto analyst also happens to be among those who believe that the <\/span>XRP price is suppressed<\/span><\/a>. He <\/span>said<\/span><\/a> that the price of XRP will go parabolic \u201cwhen the 1% are ready, which should be in 2024.\u201d It is, however, unclear who is the \u201c1%\u201d he is referring to.\u00a0<\/span><\/p>\n
At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from Watcher Guru, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has put together a bold prediction as to the future trajectory of the XRP price. Based on his prediction, the XRP community could see the crypto token\u2019s price enter three digits soon enough.\u00a0 XRP Price To Rise To $352 In a video posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP\u2019s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on Ripple\u2019s board, and Robert Mitchnick, a former employee at the crypto firm. Related Reading: The Crypto Bulls Are Back: Digital Asset Inflows Cross $103 Million In One Week The crypto analyst had input metrics like transaction volume, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352.\u00a0 Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token \u201cfinally mooning\u201d in 2024.\u00a0 The price prediction of $352 seems like a far reach, considering that XRP still sits at around $0.6. That price level, however, seems more attainable when compared with more daring price predictions like the one of XRP hitting $10,000 in the future.\u00a0 Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he recently suggested that the XRP price movement defies technical analysis.\u00a0 XRP trending at $0.63 | Source: XRPUSD on Tradingview.com XRP And Other Altcoins Entering Into Bull Phase The analyst behind the JWKShow channel also shared his analysis of the altcoin market. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase.\u00a0 Related Reading: Bitcoin Millionaires Rise By 246% In 2023, Here\u2019s How Many There Are He specifically touched on the XRP price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in XRP\u2019s transaction volume, which is also bullish for the crypto token.\u00a0 Interestingly, the crypto analyst also happens to be among those who believe that the XRP price is suppressed. He said that the price of XRP will go parabolic \u201cwhen the 1% are ready, which should be in 2024.\u201d It is, however, unclear who is the \u201c1%\u201d he is referring to.\u00a0 At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":567098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-567089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts XRP Price Will 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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