So, I’m reading this thing, right? Some analyst named Egrag Crypto – sounds like a superhero’s secret identity – thinks XRP could hit $10 this cycle. Can you believe it?!
Now, let me tell you, XRP is currently sitting at $2.25. That’s right, folks, just $2.25! But the trading volume dropped 17% in the last 24 hours, and it’s down 12% over the last week. People are scratching their heads, wondering what’s next. 🤷♂️
Egrag’s argument? Well, he points to past crypto bull runs, where Bitcoin soared 21 times and Ethereum skyrocketed 58 times. If they could do it, why not XRP? 🚀
According to Egrag, XRP has already climbed from $0.28 to around $3.40 in the last couple of years. He says “the hardest part is over,” and all we need is a 3x to 4x jump to reach the $10 target. Easy peasy, right? 🙄
He mentions a few factors that could fuel this rally. First, there are 17 XRP ETFs waiting for approval. Then, there’s hope for regulatory clarity, especially with the SEC vs. Ripple case nearing a resolution. If that happens, it could open the floodgates for big investors. 🤑
Egrag also talks about XRP’s real-world use. He believes its market cap could hit $500 billion to $700 billion, which he considers “completely reasonable in this environment.” As more industries adopt blockchain and crypto, he expects XRP to gain more value and adoption. 💸
But wait, there’s more! Egrag doesn’t stop at $10. He thinks XRP could reach $100 in the next cycle. He lays out three scenarios, each requiring a different level of increase. If XRP peaks at $3.40 this time, it would need a 30x increase next cycle to hit $100. If it reaches $10–$20, it would only need a 5x to 10x move. And if it hits $27–$33, it would just take a 3x to 4x increase. Mind blown, right? 🤯
And here’s the kicker: crypto adoption is still at only 1.5% of its potential. Egrag believes it will eventually absorb trillions from industries like finance, healthcare, and insurance. 🤑💸
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2025-03-13 22:32