Pseudonymous XRPL developer and analyst “Bird” has reignited bullish chatter around XRP, publishing a bold technical projection that pegs the token’s market capitalization at $300 billion “very soon.” What Bird posted - On X, Bird shared a TradingView chart laying out a potential breakout for XRP’s market cap from its current levels. The analyst — who is also involved in XRPL development — framed the $300 billion target as an achievable extension of the charted move. - At the time of Bird’s analysis, XRP’s market cap was shown at about $88.38 billion. Key technicals driving the call - The chart highlights a prolonged downtrend from early 2025 into early 2026, with a descending trendline connecting multiple lower lows — evidence of sustained selling pressure. - Bird points to a long-term support band between $80 billion and $100 billion, which the market cap has recently revisited. - Fibonacci retracement and extension levels are plotted off a major swing, marking targets at 0.236, 0.382, 0.5, 0.618, 0.702, 0.786, 1.0 and 1.618. The 1.0 level sits near roughly $225 billion; the 1.618 extension reaches up toward the $300 billion mark used in Bird’s projection. - The chart features a large upward projection from the $88.38 billion point to $300 billion — a rise of about $211.6 billion, or roughly a 239% increase in market capitalization. What that means for price - XRP’s circulating supply is roughly 60.91 billion tokens. Under a $300 billion market cap, XRP would be worth about $4.93 per token — roughly $5 — from a current trading level near $1.47. That implies a price gain in the neighborhood of 235% from current levels. Market reaction - The call has drawn mixed responses across the crypto community. Some traders and holders say $300 billion is conservative, arguing XRP could eventually reach a much higher valuation. Others have criticized the projection as too optimistic given XRP’s slow price advances over the last decade. Takeaway - Bird’s chart presents a clear technical roadmap: a break above long-term resistance and a move through key Fibonacci extensions would be needed to reach the $300 billion target. As with all technical forecasts, this is a scenario, not a guarantee — crypto markets remain highly volatile and sensitive to regulatory, macro and on-chain developments. Read more AI-generated news on: undefined/news

#XRP