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This article spotlights some of the top XRP predictions from industry commentators that project it to reach price levels between $98 and $500.
XRP has been on a downward slope this month, confined in a symmetrical triangle since March 11 as the broader market continues to record falling prices. XRP is currently down 17.55% this month, with a loss of 6.87% coming up over the past four days.
As a result, XRP has collapsed below pivotal support levels above the $0.60 psychological threshold, currently trading at $0.5189 as of press time. At this level, XRP trades way below its 50-day EMA ($0.5643), signaling short-term bearish momentum.
Despite the current condition, some industry commentators remain confident of XRP’s potential to witness higher gains. While most of the price projections emanating from this confidence have been realistic and within reach, a few of them have explored much higher price levels.
This article spotlights some of these ambitious price targets, particularly within the $98 and $500 range. These projections have come from several notable entities, citing historical precedence and technical indicators.
XRP Price Projections from $98 to $500
Last August, market analyst CryptoInsightUK called attention to a pattern recorded by XRP on the XRP/BTC chart in 2017. This pattern, which involved a crossover of pivotal EMAs, resulted in a massive price uptrend. The analyst noted that the trend was repeating itself, predicting an imminent rise to $98.26.
Amid the ongoing market turbulence, analyst Javon Marks asserted ten days ago that XRP’s bullish trajectory remains on track. He maintained his conviction that XRP could still witness a 400x increase to the $288 price threshold.
Meanwhile, last August, while XRP changed hands at $0.5320, prominent crypto analyst EGRAG presented a roadmap that could see it ultimately rally by 75,371%. This price upsurge, which EGRAG reached while considering a factor of 60x, would see XRP hit a lofty price of $400.
Two weeks ago, crypto analyst BarriC projected timelines within which XRP could soar to ambitious price targets. His projection first presented the $1, $3, $10 and $15 targets, noting that these prices would be considered cheap at various points. He then asserted that XRP could ultimately hit $500.
While these targets can be enticing to the average investor, they should be taken with a grain of salt. Notably, XRP’s ability to hit $98 or $500 remains highly contested, as such prices would take its market cap to unimaginable levels. As a result, investors should not consider these projections investment advice.