Analyst Predicts XRP Price Could Surge Over 44,000% To $1,437
The price of XRP is predicted to potentially increase by over 44,000%, with estimates suggesting it could reach between $540 and $1,437. Key points include:
- Market expert Crypto Sensei forecasts a dramatic rally for XRP, currently trading at $3.12.
- Strong capital inflows have initiated a market capitalization multiplier effect, with recent inflows leading to a 1,250x multiplier.
- An inflow of $3 billion could raise XRP's market cap to approximately $3.77 trillion, while an $8 billion inflow could push it to about $10 trillion.
- A significant portion of XRP’s circulating supply remains illiquid, allowing smaller capital inflows to have a substantial impact on price.
- Egrag Crypto maintains a bullish long-term outlook, identifying a macro bullish cycle as long as monthly closes remain above $2.
- Technical analysis shows a bullish flag pattern, with potential targets exceeding $19, up to $50.
