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As the crypto bulls reappear, impacting altcoins like XRP and its closest rival, Stellar (XLM), analysts are setting various targets for these assets.
Yesterday, Bitcoin reentered the $58K price range for the first time after dropping to $52K last week. Bitcoin’s rebound slightly impacted XRP and XLM. While XLM went on to set a fresh weekly high following the rebound, XRP’s move paled in comparison.
Meanwhile, the recovering market has caused ambitious market watchers to revise their outlook for XRP and XLM.
In a recent post on X, “King Karan,” the founder of AlphaHuskyClub, shared an updated list of his price outlooks for various crypto assets, particularly the top-ranking ones. Bitcoin took the top spot, with Karan suggesting up to $120K as his bull prediction for the 2024/2025 cycle.
My REALISTIC crypto bull run prediction for 2024/2025:$BTC $120,000$ETH $10,000$XRP $15,00$FLR $0.80$HBAR $1,00$XDC $0.80$XLM $5,00$WTK $2,50
— 👑 𝕂𝕚𝕟𝕘 𝕂𝕒𝕣𝕒𝕟 👑 (@KingKaranCrypto) September 10, 2024
With Bitcoin hovering just around $56,485 at press time, the leading crypto needs a price growth of 112% to attain $120K.
Meanwhile, Karan has suggested the $10,000 price point for Bitcoin’s closest rival, Ethereum (ETH). This projection implies a more promising 331% price growth from Ethereum’s current market value of $2,314.
However, the crypto expert has projected an even better return on investment for current holders of XRP and XLM.
XRP to $15 and XLM to $5
Specifically, Karan outlined the $15 price level as his bull prediction for XRP in this ongoing cycle. Notably, XRP is trading at $0.5322 today, and reaching $15 demands an aggressive growth of 2,718% this season.
It is worth mentioning that XRP has not experienced such a magnitude of growth over the last six years, making the outlook formidable. Regardless, the crypto community is widely optimistic that XRP will surpass $15 this season.
However, Karan has set a target of up to $5 for XLM, representing a massive 5,308% price appreciation from the current level of $0.09244.
In the last 2021 bull cycle, XLM’s value expanded explosively from as low as $0.036 in March 2020 to a high above $0.64 by May 2021. This amounted to a growth of over 17X in one year.
XRP’s surge during the time was below 10X, though enthusiasts attribute the lower bull run to the SEC lawsuit. But this lawsuit has ended now, opening the door for XRP’s surge.