XRP Price Predicted to Reach $10,000 Amid Growing Adoption
Crypto analyst Ripple Queen predicts that the XRP price could reach $10,000. She cites several factors supporting this ambitious target.
XRP Price Prediction Highlights
- Ripple Queen asserts that the price of $10,000 is "locked in" based on mathematical analysis, highlighting XRP's limited supply and unmatched utility.
- Increased global adoption of XRP is noted as a significant factor.
- Regulatory clarity is improving for the crypto sector, positively impacting XRP's future. The GENIUS Act is expected to enhance Ripple's operations and XRP's adoption.
- Institutional investors are accumulating XRP, which may lead to substantial supply shocks.
- A 95% chance of approval for XRP spot ETFs has been predicted, potentially increasing capital inflows into XRP.
Current Market Status
Currently, XRP trades at approximately $3.05, reflecting a 2% increase over the last 24 hours. Analyst CasiTrades notes that recent price corrections do not indicate a bearish trend, with potential support at $2.75. A recovery above $3.21 would signal the end of the correction and initiate an upward trend, targeting between $4.60 and $4.80.
