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Prominent Bitcoin day trader Emily asserts that a $10 value for XRP is inevitable alongside Bitcoin reaching $100,000.
Emily disclosed this sentiment in a recent post on X in which she shared price targets for some leading altcoins, including Ethereum (ETH), Solana (SOL), and BNB.
“$10 is Inevitable for XRP”
According to the Bitcoin trader, XRP is bound to soar to $10 in this bull market, particularly should Bitcoin hit $100,000 or Ethereum attain $10,000.
$100k is inevitable for #Bitcoin
$10k is inevitable for #ETH
$1000 is inevitable for #SOL & #BNB
$10 is inevitable for $XRP & $MATIC
What are your targets❓
— Emily’s Universe 💎 (@Crypto__emily) June 2, 2024
With Bitcoin trading at $68,673, the premier asset would require a 45.62% surge to crack the $100,000 threshold.
Interestingly, from its present market value of $0.5179, a 45% growth places XRP at only $0.754, a figure that Emily finds exceptionally conservative. The analyst anticipates that XRP could similarly set a new all-time high if Bitcoin reaches $100K.
For Emily’s projection of the $10 mark for XRP to materialize, XRP must increase by 1,831% from its current price. However, she provided no concrete reasons or factors to support the inevitability of such a significant price increase.
Four Other Analysts Agree with $10 Forecast
Meanwhile, at least four other analysts have sided with the outlook, asserting that XRP could reach $10 this market cycle. They largely attribute the potential surge to historical patterns on XRP charts.
In his analysis, XForceGlobal pointed to a symmetrical triangle on XRP’s chart from 2021, suggesting a breakout could lead to a $9-$11 price range.
Likewise, CryptoBull identified an ascending triangle on the monthly chart, predicting a $10-$13 price this year. Capt. Toblerone used an Elliott Wave pattern to forecast a rise to $10-$11.5.
In December, analyst EGRAG argued that XRP could reach $10 or $50 based on a rare three-green candle pattern on its monthly chart. This pattern has only been seen twice in XRP’s history, each time followed by significant rallies.
Observing XRP Performance for $10 Potential
Overall, these expectations for XRP seem ambitious, considering its recent price movements. XRP is currently trading at $0.5179, which is 2% below its price from last week. When looking at broader timeframes, such as the past month and year, XRP’s performance shows a similar 2% decline.
Essentially, XRP has languished around $0.5 for the past months with barely any sustained uptrend despite the generally bullish sentiment in the crypto market.
Nonetheless, pundits like Emily remain optimistic about XRP’s potential, boldly claiming that a near 20-fold increase is inevitable.