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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.