IMPORTANT POINTS:
- XRP Price Prediction: Rise to $25-30
- 3700% increase for XRP in the next bull run.
- Increase in institutional investment and accumulation of XRP.
A renowned cryptocurrency analyst has recently issued a bold price prediction for the native XRP Ledger token, XRP, suggesting that it could rise to an impressive $25-$30 price range in the next cryptocurrency bull run.
The analyst, who calls himself Captain Faibik on the X microblogging platform, emphasized his forecast with a word of caution for investors in this accumulation phase, underscoring the importance of measured patience during the current market phase, suggesting a Long-term accumulation strategy for investors who believe in the future of XRP.
Faibik added that decisions should not be driven by fear of missing out (FOMO) in a recent post where the analyst shared a historical chart of XRP, highlighting its intriguing price patterns over the years. He pointed to specific cases of token price consolidation before experiencing significant increases since 2014.
Detailed analysis of the XRP chart paints a bullish picture, projecting that the digital asset could reach an impressive 26.57, a colossal increase of almost 3700% from its current level of 0.7.
Some in the cryptocurrency community expressed skepticism about Faibik’s prediction, noting that such an increase would push the market capitalization well into the trillion-dollar territory. They suggested a more contained outlook of $5 to $8 as a feasible price range, a price target that other analysts have also pointed to.
Notably, several bold price predictions have been made for XRP since a federal judge ruled that cryptocurrency is not necessarily a security. Institutional investors have also rallied in the cryptocurrency, as XRP investment products saw large inflows this month.
According to CCData’s latest Digital Asset Management Review report, XRP-focused products saw a 33.2% increase in inflows, taking their assets under management to 65.7 million.
As CryptoGlobe reported, the number of XRP holders with at least one million tokens on the cryptocurrency ledger has now surpassed the 1,900 mark, as an accumulation trend that started earlier this month was triggered by a surge in investor sentiment.
