Analyst Predicts XRP Price Surge: $10-$20 is Just the Start, Targeting $1,000
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Crypto analyst BarriC has claimed that an XRP price surge reaching between $10 and $20 is merely the beginning for the cryptocurrency. He continues to anticipate XRP soaring to four-digit values and has previously outlined why he believes this ambitious target is achievable.
XRP Price Predicted to Hit $1,000
In a recent X post, BarriC mentioned that a possible rise in XRP to between $10 and $20 is just the start. He emphasized that the ultimate goal for the altcoin is $1,000. The analyst encouraged market participants to prepare for potentially transformative wealth. In other X posts, BarriC shared a strategy detailing how it could reach four-digit territory.
Additional Insights
In one of his posts, he indicated that once the XRP price surpasses $3, it will quickly advance to $5. The analyst forecasts that the altcoin will then surge into the double digits, settling comfortably between $10 and $20, establishing a new all-time high. However, BarriC believes that this is just the beginning for XRP, which will still aim for $100 and ultimately $1,000.
He asserted that these XRP price targets could be achieved much sooner than many anticipate. In another post, the analyst suggested that the adoption of XRP by banks could serve as a catalyst for this price increase. BarriC remarked that the current price of around $2 allows investors to accumulate the token, indicating banks have not begun utilizing it yet.
The analyst stated that once financial institutions globally start adopting and using XRP in their transactions, the altcoin will likely soar to $1,000. He recalled the price rise during the 2017 bull market when the token moved from $0.006 to $3.80, reinforcing his belief in the possibility of a similar surge.
The Altcoin Approaching Significant Resistance Levels
In a tweet, crypto analyst CasiTrades pointed out that XRP’s price is nearing crucial resistance levels following its recent climb. She highlighted $2.69 as a major resistance level, as this position corresponds with the .236 Fib retracement from the all-time high (ATH) and is a key point to monitor for potential corrections.
Additional Insights
Regarding the current price trends, she mentioned that the ongoing price increase is notable despite low momentum and a completed 5-wave count. The analyst observed that this slow, steady increase typically indicates strong demand, a robust trend, and significant accumulation.
CasiTrades indicated that if XRP’s price breaks and maintains a position above $2.69, it could pave the way for a significant advance toward $3. Nevertheless, if the altcoin fails to hold this level, she warned of a potential short-term decline toward $2.30 for a reset.
At present, the XRP price is situated around $2.50, having risen nearly 5% in the last 24 hours, based on data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
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