Coin Edition -
- An analyst noted that XRP could hit a 40x price increase in the bull market.
- If the price rises to $27, XRP may flip the market caps of BNB and USDT.
- Increased buying activity around $0.60 indicates strong support for the token as it attempts to hit $1.
Ripple’s (XRP) performance has become nothing short of impressive. On a Year-To-Date (YTD) basis, XRP has increased by 96.07%. However, the last 24 hours have not been exactly rosy for the token as it lost 4.59% while trading at $0.66.
During the week, XRP briefly closed in on flipping Binance Coin’s (BNB) market cap to become. Although XRP remained in the 5th position, there was speculation that the token has the potential to become a part of the top 3.
XRP to $27? Who Says Yes?
For XRP to become the 3rd largest, its price has to increase exponentially. Egrag Crypto, an analyst considered XRP’s potential in a full-blown full cycle. According to Egrag, XRP may hit $1.2 at the beginning of the bull market.
To arrive at this conclusion, the analyst considered the monthly timeframe, saying that a sharp bullish candle can trigger the move. Egrag also mentioned that if this happens, FOMO could set in while pushing the price action to $2.
#XRP: A Future of Support