{"id":34538,"date":"2023-12-27T17:52:39","date_gmt":"2023-12-27T21:52:39","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=34538"},"modified":"2023-12-27T17:52:39","modified_gmt":"2023-12-27T21:52:39","slug":"crypto-analyst-predicts-xrp-price-will-explode-58000-to-352","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/27\/crypto-analyst-predicts-xrp-price-will-explode-58000-to-352\/","title":{"rendered":"Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352"},"content":{"rendered":"

A crypto analyst has put together a bold prediction<\/a> as to the future trajectory<\/a> of the XRP price. Based on his prediction, the XRP community<\/a> could see the crypto token\u2019s price enter three digits soon enough.\u00a0<\/p>\n

XRP Price To Rise To $352<\/h2>\n

In a video<\/a> posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP\u2019s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on Ripple\u2019s<\/a> board, and Robert Mitchnick, a former employee at the crypto firm.<\/p>\n

The crypto analyst had input metrics like transaction volume<\/a>, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352.\u00a0<\/p>\n

Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token \u201cfinally mooning\u201d in 2024.\u00a0<\/p>\n

The price prediction of $352 seems like a far reach, considering that XRP still sits at around $0.6<\/a>. That price level, however, seems more attainable when compared with more daring price predictions like the one of XRP hitting $10,000<\/a> in the future.\u00a0<\/p>\n

Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he recently suggested<\/a> that the XRP price movement defies technical analysis.\u00a0<\/p>\n\n

XRP And Other Altcoins Entering Into Bull Phase<\/h2>\n

The analyst behind the JWKShow channel also shared his analysis of the altcoin market<\/a>. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase.\u00a0<\/p>\n

He specifically touched on the XRP<\/a> price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in XRP\u2019s transaction volume<\/a>, which is also bullish for the crypto token.\u00a0<\/p>\n

Interestingly, the crypto analyst also happens to be among those who believe that the XRP price is suppressed<\/a>. He said<\/a> that the price of XRP will go parabolic \u201cwhen the 1% are ready, which should be in 2024.\u201d It is, however, unclear who is the \u201c1%\u201d he is referring to.\u00a0<\/p>\n

At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

A crypto analyst has put together a bold prediction<\/a> as to the future trajectory<\/a> of the XRP price. Based on his prediction, the XRP community<\/a> could see the crypto token\u2019s price enter three digits soon enough.\u00a0<\/p>\n

XRP Price To Rise To $352<\/h2>\n

In a video<\/a> posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP\u2019s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on Ripple\u2019s<\/a> board, and Robert Mitchnick, a former employee at the crypto firm.<\/p>\n

The crypto analyst had input metrics like transaction volume<\/a>, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352.\u00a0<\/p>\n

Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token \u201cfinally mooning\u201d in 2024.\u00a0<\/p>\n

The price prediction of $352 seems like a far reach, considering that XRP still sits at around $0.6<\/a>. That price level, however, seems more attainable when compared with more daring price predictions like the one of XRP hitting $10,000<\/a> in the future.\u00a0<\/p>\n

Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he recently suggested<\/a> that the XRP price movement defies technical analysis.\u00a0<\/p>\n

XRP And Other Altcoins Entering Into Bull Phase<\/h2>\n

The analyst behind the JWKShow channel also shared his analysis of the altcoin market<\/a>. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase.\u00a0<\/p>\n

He specifically touched on the XRP<\/a> price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in XRP\u2019s transaction volume<\/a>, which is also bullish for the crypto token.\u00a0<\/p>\n

Interestingly, the crypto analyst also happens to be among those who believe that the XRP price is suppressed<\/a>. He said<\/a> that the price of XRP will go parabolic \u201cwhen the 1% are ready, which should be in 2024.\u201d It is, however, unclear who is the \u201c1%\u201d he is referring to.\u00a0<\/p>\n

At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34538","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34538"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34538\/revisions"}],"predecessor-version":[{"id":34543,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34538\/revisions\/34543"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34538"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}