An XRP community pundit has challenged critics who insist XRP cannot reach $10 within a month, citing data from the most recent explosive run.
While XRP has struggled over the past few days, down 14% in the last week, on the back of a broader market correction, community members remain optimistic in the token’s long-term fundamentals, arguing that a rebound to greater heights could ensue once market conditions improve.
The XRP to $10 Chants
One target some analysts have been eyeing is $10. For instance, last month, market commentator Zach Rector suggested that it would turn into a riot when XRP eventually pushes toward $10. Analyst CryptoBull also claimed that those who sold their holdings would likely come back when XRP surpasses the $10 mark.
Specifically, after Donald Trump’s election victory on Nov. 4, 2024, XRP, which traded for $0.50, experienced an impressive surge on the back of a market run. By Dec. 3, 2024, XRP had reached a peak of $2.9, its highest price in seven years at the time. Interestingly, this marked an impressive 480% increase within a month.
XRP 480 percent RallyNotably, this upsurge happened just a year ago, confirming that, amid current market conditions, XRP does have the capacity to rally 480% within a month. With XRP currently trading for $2.3 at press time, if the altcoin replicated a similar 480% rise from here, its price would increase to $13.34.
However, it is important to note that a 480% increase from $2.3 to $13.34 would be more challenging than a 480% rise from $0.5 to $2.9. This is largely due to market cap constraints, as the former uptick would demand more capital inflows due to XRP’s larger valuation. Nonetheless, a rally to $13 within a month remains a possibility for XRP despite it being uncertain at this point.
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Pundit Challenges Claims XRP Can’t Hit $10 Within a Month
An XRP community pundit has challenged critics who insist XRP cannot reach $10 within a month, citing data from the most recent explosive run.
While XRP has struggled over the past few days, down 14% in the last week, on the back of a broader market correction, community members remain optimistic in the token’s long-term fundamentals, arguing that a rebound to greater heights could ensue once market conditions improve.
The XRP to $10 Chants
One target some analysts have been eyeing is $10. For instance, last month, market commentator Zach Rector suggested that it would turn into a riot when XRP eventually pushes toward $10. Analyst CryptoBull also claimed that those who sold their holdings would likely come back when XRP surpasses the $10 mark.
Specifically, after Donald Trump’s election victory on Nov. 4, 2024, XRP, which traded for $0.50, experienced an impressive surge on the back of a market run. By Dec. 3, 2024, XRP had reached a peak of $2.9, its highest price in seven years at the time. Interestingly, this marked an impressive 480% increase within a month.
XRP 480 percent RallyNotably, this upsurge happened just a year ago, confirming that, amid current market conditions, XRP does have the capacity to rally 480% within a month. With XRP currently trading for $2.3 at press time, if the altcoin replicated a similar 480% rise from here, its price would increase to $13.34.
However, it is important to note that a 480% increase from $2.3 to $13.34 would be more challenging than a 480% rise from $0.5 to $2.9. This is largely due to market cap constraints, as the former uptick would demand more capital inflows due to XRP’s larger valuation. Nonetheless, a rally to $13 within a month remains a possibility for XRP despite it being uncertain at this point.