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Analyst Predicts XRP Will Reach $100 Before Bitcoin Hits $1 Million
An analyst predicts that XRP will reach $100 before Bitcoin hits the $1 million mark. This contrasts with bullish forecasts from figures like Michael Saylor and Jack Mallers, who envision Bitcoin at $1 million to $20 million.
- XRP needs a 4,445% increase from its current price of around $2.2 to hit $100.
- Bitcoin requires a 990% rise to reach $1 million.
- The analyst sees XRP positioned for faster growth due to recent demand and adoption trends in the Ripple ecosystem.
- Technical analysis suggests XRP may outperform Bitcoin soon.
Further, the analyst claims XRP could surge to $1,000 before Bitcoin reaches $19 million, necessitating a 45,300% increase for XRP compared to a 20,635% rise for Bitcoin. Despite the steep climb, the analyst views XRP's target as more achievable given current market dynamics.
