Experienced analyst Ash Crypto predicts that XRP could experience up to a ninefold price increase over the next year, driven by recent market gains and bullish sentiment.
XRP Growth in Recent Days
On Monday, #Xrp🔥🔥 saw a 4.3% gain, with its price rising from $0.5284 to $0.5511. This marked a fresh two-week high as XRP recovered from the selling pressure caused by the SEC earlier in October, which had pushed its price down to $0.51.
As of Tuesday, XRP is correcting Monday's upward trend. A drop has caused a retest of the $0.5353 level, which is its current key threshold. However, Monday’s temporary rally prompted some market commentators to issue bullish targets for the next six months to a year.
XRP Price Prediction for the Next 6 to 12 Months
Ash Crypto, an analyst with over a decade of experience, took to X on Monday to share his projections for 13 top crypto assets, including XRP. He noted that he expects XRP to trade in the range of $3 to $5 by next year.
The lower end of this price forecast represents a 460% gain for today's investors, or a 5X return on investment. Meanwhile, the upper end would result in an even more impressive 834% appreciation from the current price.
Interestingly, Ash Crypto also forecasts a price range of $125,000 to $250,000 for #bitcoin☀️ within the same six to twelve-month timeframe. If Bitcoin peaks at $250,000 by next year, which would be a 3X gain from current levels, Ash expects XRP to set a new record as well, with $5 surpassing its previous all-time high of $3.84.
While Ash Crypto expects XRP to hit $3 by March 2025 at the latest, other market experts have issued more immediate timeframes for a similar price target.
Other Predictions for XRP
Last month, crypto trader Myles G boldly stated that XRP would be worth $3 by Christmas, December 25th. In more recent updates, he issued a buy alert for XRP, urging market participants to purchase the coin without worrying about setting stop-loss orders. He outlined profit-taking targets between $1.10 and $2.84 for the near term.
Other Crypto Price Targets for the Next 6 to 12 Months
Among other prominent crypto tokens listed by Ash Crypto are #etherreum , BNB, #Solana, and #Dogecoin . He expects Ethereum prices to reach as high as $15,000 by next year, while forecasting a range of $900 to $1,400 for BNB. For Solana and Dogecoin, the analyst predicts peaks of $650 and $1, respectively.
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