Crypto analyst Crypto Insight has forecasted a potential XRP price rally to $1.28 following its recent climb to a $40 million market cap.
Will XRP Reach $1.28 as Market Cap Hits $40M?
Highlights:
- Crypto Insight suggests XRP could rise to $1.28 with a sustained break above $0.66.
- The analyst also speculates that XRP could follow recent price surges seen with Dogecoin and Cardano.
- Analyst Zach Humphries projects a possible XRP price of $3 in the ongoing bull market.
The XRP price has climbed by over 13% in the past 24 hours, pushing its market cap to $40 billion, fueling speculation on how far the rally could go.
XRP’s Potential Rally to $1.28
Crypto analyst Crypto Insight posted that XRP might reach $1.28 if it breaks above $0.66. Currently priced around $0.7, the coin could soon approach $1, mirroring recent strong performances by Dogecoin and Cardano, which surged 100% and 60%, respectively, over the past week.
Additionally, analyst Mikybull Crypto anticipates a major price surge for XRP, expecting a rise to $2 by year-end. Dark Defender also pointed to $1.03 as the next likely target for XRP, emphasizing that a clear move above $0.66 could accelerate the rally toward $1.
Potential for $3 to $10 in This Market Cycle
Zach Humphries predicts that XRP could achieve a price range of $3 to $5 during this bull run, particularly if regulatory clarity remains limited amid the ongoing SEC appeal case. XRP’s recent listings on major exchanges have made it more accessible for retail investors.
Humphries also speculates that XRP could experience a parabolic surge to between $8 and $10 if the SEC lawsuit concludes favorably and the SEC approves pending XRP ETF applications. He points to other bullish factors, such as the RLUSD stablecoin, that may further support XRP’s price growth.
The analyst remains confident that his base case of $3 for XRP is achievable, noting the crypto’s rise to $2 in the 2021 bull market despite regulatory uncertainty.
