The XRP price has risen above $100 billion market cap, following Solana into the top 4 cryptos by market cap.
The XRP price has reached a $100 billion market capitalization, reinforcing its bullish outlook as one of the top-performing crypto assets. Analysts like Dark Defender have shared insights on potential future price movements.
XRP Price Could Surge to $5
In an X post, crypto analyst Dark Defender suggested that XRP could rally as high as $5 in its next bullish leg.
He noted that the first target of $1.8 during this bull run has already been achieved, enabling XRP to surpass the $100 billion market cap milestone.
Dark Defender’s chart further identified $5.8 as a median target, with $18 also highlighted as a potential future level. Using Elliott Wave theory, the analyst projected that XRP could hit $18 during a parabolic rally on the Wave 5 impulsive move upward.
In another X post, Dark Defender emphasized the importance of the Fibonacci level at $1.8815 for XRP in the short term. He noted that XRP touched $1.9508 before retracing to this level. He stated:
“The first step is to stay 12 hours above this level, followed by a 3-day close above this level.”
If XRP maintains a close above $1.8815, it could confirm this as a key support level and potentially propel the price to new highs.
Amid the recent rally, XRP has surpassed BNB to become the fifth-largest cryptocurrency by market cap. Dark Defender predicts XRP could flip Solana next, becoming the fourth-largest crypto. He has also previously suggested XRP could eventually surpass Ethereum.
Double-Digit Price Predictions
Other analysts, including Egrag Crypto and Mikybull Crypto, have hinted at double-digit price targets for XRP.
Egrag Crypto stated that FOMO could ignite if XRP closes above the $2 level, potentially driving the price to trade between $20 and $27. He referenced the 2017 bull run, during which XRP achieved its current all-time high (ATH) of $3.8.
Mikybull Crypto echoed this sentiment, stating that XRP is exhibiting patterns reminiscent of its 2017 rally.
He predicted XRP will hit $2 before a pullback and then continue its “vertical hated rallies” to a potential cycle peak of $10.
In another post, Mikybull encouraged market participants to monitor XRP’s price action after it breaks a new ATH, stating:
“The 2017 kind of massive rallies are about to be unveiled before everyone’s eyes.”
With XRP gaining momentum, recent analyses suggest its ATH could be approaching, signaling a strong phase of growth for the cryptocurrency.