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After reaching a $100 billion market cap, XRP is making waves with bullish projections from leading crypto analysts. Fibonacci levels and historical trends suggest a path to $5, $10, or even higher, sparking market-wide anticipation.
XRP Targets $5 After Surpassing $100 Billion Market Cap
Crypto expert Dark Defender predicted in an X post that the next leg of XRP's rise might see a price of $5. The cryptocurrency's market valuation surpassed $100 billion, and he made the announcement at the same time as XRP's initial target of $1.8 in this bull run had been reached.
Once we clear the first hurdle, one of the median targets shown in the accompanying chart by Dark Defender is that XRP might reach $5.8. Curiously, the chart also shows a median objective of $18, suggesting that the cryptocurrency might potentially reach this level in the future.
In a recent analysis, Dark Defender utilized Elliot Wave theory to demonstrate a potential market cycle in which XRP may reach $18. Wave 5's aggressive upward surge was predicted to coincide with this parabolic rally, according to the chart.
Critical Fibonacci Level at $1.8815 Could Propel XRP Higher
At the same time, the crypto expert cautioned in another X post on the near-term criticality of the $1.8815 Fibonacci level. The XRP price, he said, hit $1.9508 before retracing to this Fibonacci level. He went on to say that the cryptocurrency needs to remain above $1.8815 for three consecutive candles to support this.
Dark Defender states that staying above this level for 12 hours is the initial phase, followed by closing above it for three days. Prompting XRP to new heights, a sustained close above this Fib level could reaffirm it as a crucial support level.
Notably, XRP has surpassed BNB to become the fifth-largest cryptocurrency by market cap, which is something to keep in mind during the current XRP rise. If XRP were to become the fourth biggest cryptocurrency by market cap, Dark Defender would rank it above Solana. A previous, equally daring prediction of the analyst's was that the cryptocurrency would eventually flip Ethereum.
Analysts Predict Double-Digit XRP Prices Amid Market Optimism
Egrag Crypto and Mikybull Crypto are among the crypto specialists that have predicted that the price of XRP would soon reach double digits. If XRP closes above $2, FOMO will erupt, according to Egrag Crypto's study.
In addition, he predicted that XRP will trade in the $20–$27 range, based on past performance. The expert appears to be alluding to the 2017 bull run, as shown in the accompanying chart, where XRP achieved enormous gains and reached its current ATH of $3.8.
In an article for X, crypto expert Mikybull Crypto added that the price of XRP is behaving like a rally from 2017. This leads the analyst to believe that XRP will reach $2 before a correction, after which it will resume its "vertical hated rallies" all the way to a new cycle high of around $10.
XRP’s All-Time High May Be on the Horizon
Market participants should be on the lookout for what happens when XRP breaks a new all-time high, according to another X article. Another prediction from the crypto analyst is that the unveiling of big rallies similar to those in 2017 is imminent. A recent market analysis by CoinGape suggested that XRP's ATH could be happening soon, adding to the cryptocurrency's current meteoric rise in price.
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