Analyst Predicts XRP Could Reach $28 Amid Altcoin Rotation

CryptoInsightUK analyst Will Taylor suggests that XRP could reach $28 this cycle if an altcoin-heavy rotation occurs, driven by XRP's multi-year technical compression.

Key Points

Taylor posits a scenario where total crypto market cap could hit $10 trillion, potentially leading to significant flows into altcoins like XRP.
He estimates Bitcoin dominance may drop to 31.5% - 35.3%, allowing for substantial capital inflow into altcoins.
XRP is positioned as a core holding due to its prolonged compression and recent breakout from long-term resistance levels.
Potential policy changes in the US could further boost XRP’s performance in a favorable market environment.
The $28 price target is considered an outside scenario; primary targets range between $8 and $16.
Taylor plans to reduce exposure in the $8 to $13 range but retains some holdings for potential higher gains.

XRP price chart

XRP’s current trading price is $1.86.