💰💰💰This Market Cycle Will Reach $250 for XRP
XRP's price might reach three digits, according to a crypto expert. Analyst also said when this price goal would be reached.
Crypto expert in an X article predicted that XRP would hit $250 by 2025, marking the bull run's market peak. He predicted that Bitcoin and Ethereum would reach $250,000 and $25,000 in 2025, their market tops.
Steingraber has given various reasons why he thinks XRP may soar. He mentioned an XRP ETF as a possible cause of price spikes. He noted that XRP ETF fund issuers would funnel their assets into an institutional liquidity center, giving the crypto coin more use.
He thinks an XRP ETF would increase demand for the crypto asset, raising its price during a supply shock. Steingraber also thinks the SEC's case against Ripple has suppressed XRP's price till now.
He previously said that XRP's price wasn't rising because fresh money wasn't coming into its ecosystem and that the crypto currency will likely see new money after the SEC's action against Ripple. After the litigation, Steingraber and others predict XRP's price might reach three digits.
Crypto expert expected XRP will surge beyond $100 after the case. Even more enthusiastic than Steingraber, the expert predicted XRP reaching $10,000 following the litigation. A crypto expert anticipated XRP will hit three digits, rising 28,900% to $154.
Meanwhile, XRP Hits $7.5
Crypto expert says XRP should rise to $7.5 before reaching Steingraber's predictions. He wrote on X that “$7.5 is target number 1.” Egrag explained how this $7.5 move would likely happen.
He is certain XRP will break the white triangle and reach $1.5. He expects XRP to reach $7.5 from there. He cautioned that the Fib 1.618 zone around $7.5 is “critical” and likely see a lot of profit-taking, hinting that XRP might collapse dramatically if it hits such heights.
If XRP closes above Fib 1.618 weekly, it will be “mid-double digits near Fib 2.414 & 2.618”.