{"id":1279,"date":"2024-11-17T05:11:07","date_gmt":"2024-11-17T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-primed-for-100-price-target-heres-why\/"},"modified":"2024-11-17T05:11:07","modified_gmt":"2024-11-17T05:11:07","slug":"xrp-primed-for-100-price-target-heres-why","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-primed-for-100-price-target-heres-why\/","title":{"rendered":"XRP Primed For $100 Price Target \u2013 Here\u2019s Why"},"content":{"rendered":"

According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin\u2019s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase.\u00a0<\/p>\n

Following this price surge, a crypto analyst with X username BarriC has provided some interesting predictions on XRP\u2019s future.\n<\/p>\n

XRP To Reach $10 In Bull Market, But There’s More\u00a0<\/strong><\/h2>\n

In an X post<\/a> on November 15, BarriC released several price targets for XRP tied to certain conditions. Firstly, the analyst forecasted XRP to attain a market price between $6-$10 in the crypto bull run, representing a minimum potential 500% gain on the token\u2019s present price.\u00a0<\/p>\n

These high expectations by BarriC are rather not uncommon due to several factors especially\u00a0 Donald Trump\u2019s recent electoral victory which is expected to usher in a crypto-friendly US government.\u00a0<\/p>\n

For XRP, the Republican President sticking to his electoral crypto manifesto holds massive importance as it may bring a decisive end to the legal battle between Ripple and the SEC, and permanently halt the regulatory uncertainty over the token.\u00a0<\/p>\n

In addition, Trump\u2019s presidency also boosts the possibility of the XRP spot ETF with the SEC expected to present fewer regulatory hurdles for crypto-linked securities. Following approval, BarriC postulates a spot ETF can drive the altcoin to a market price of $15-$20 if approval comes amidst the bull market run.\u00a0<\/p>\n

Furthermore, the analyst discusses a utility run during which the altcoin will undergo massive adoption in its use for cross-border transactions and as an institutional bridge cryptocurrency for banks. If the utility run occurs as predicted with global adoption levels of XRP, BarriC forecasts the altcoin to attain a minimal price of $100.\n<\/p>\n

Market Whales Boost Holdings By 320 Million XRP<\/strong><\/h2>\n

In other news, whales in the XRP market have acquired<\/a> over 320 million XRP, valued at $285 million, in the last 72 hours amidst the token\u2019s recent price surge. The coin rose from around $0.69 to reach a local peak of $0.92 as\u00a0 Gary Gensler “supposedly” hinted at a resignation as SEC chairman.\u00a0<\/p>\n

While the altcoin has recorded a slight price decline of 1.2% in the past hour, the massive purchase by whales indicates a belief in the asset for long-term profitability. At the time of writing. XRP trades at 0.89, with his market cap value now above $50 billion. In tandem, the token\u2019s trading volume is up by 24.71% and valued at $11.75 billion.<\/p>\n

\"XRP\"<\/p>\n

Featured image from StormGain, chart from Tradingview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin\u2019s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase.\u00a0 Following this price surge,…<\/p>\n","protected":false},"author":1,"featured_media":1280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[462,151,166,150,1008,153,154],"class_list":["post-1279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-donald-trump","tag-ripple","tag-sec","tag-xrp","tag-xrp-spot-etf","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1279"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1280"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}