The prices of most cryptocurrencies have been on an uptrend in the past week, with Ripple’s native token – XRP – among the examples. It currently trades at around $0.55 (per CoinGecko’s data), representing a 6% increase compared to the figures a week ago.
The positive sentiment reigning in the crypto community has caused analysts to lay out numerous predictions regarding the asset’s performance in the future, and some have been extremely bullish.
According to the popular X (Twitter) user CryptoBull, XRP could skyrocket to a staggering $220 in the next bull run, assuming it follows patterns observed in previous price rallies.
It is worth mentioning that the asset’s market capitalization should surpass $100 trillion for this to happen, making the forecast sound preposterous, to say the least. Another person who came up with an even wilder bet is the crypto analyst Shannon Thorp.
Not long ago, she suggested XRP’s valuation could blast to $500 in the following years. Needless to say, her prediction is also implausible to become a reality.
Those willing to find out how high the coin could surge in the remaining months of 2023 could take a look at our dedicated video below: