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BULLISH 📈 : Analyst Outlines Framework for XRP Potential Rally to $10,000
Crypto analyst Luke suggests that an XRP price rally to $10,000 is a possibility rather than a prophecy. He outlines a framework explaining the potential trajectory of XRP's price:
- XRP could reach $10-$25 due to liquidity rotation and shifting attention, not fundamental changes.
- A price target of $100 is anticipated with increased utility as a bridge currency for cross-border transactions.
- XRP might hit $1,000 when financial infrastructure integrates it as indispensable, potentially becoming the backbone of global finance.
- The final leap to $10,000 could occur if global capital demands speed, certainty, and liquidity, making prefunding obsolete.
Another crypto pundit, BarriC, supports the idea of XRP reaching $10,000 and even up to $1 million, emphasizing retail speculation, utility growth, institutional usage, and large-scale settlements as pivotal factors in this progression.
Currently, XRP trades at approximately $1.86, down nearly 2% in the last 24 hours, according to CoinMarketCap data.