Crypto analyst Dark Defender has shared his insights on the potential rise of the XRP price to $13. He also suggested that the price of the crypto token could exceed this prediction when other factors are taken into account.
Dark Defender explained on his X platform that the XRP price could reach $13 when the total crypto market cap hits $23.24 trillion within a year. He highlighted the year-on-year growth of the crypto market, which has increased from $816 billion to around $1.6 trillion. He anticipates a “third wave” with XRP rising along with the overall market.
The analyst also hinted at the possibility of XRP exceeding $13, as this price prediction does not take into account its fundamentals. These fundamentals include regulatory clarity and XRP’s utility. The legal clarity of XRP is seen as one of its unique offerings and a bullish factor for the crypto token.
According to Dark Defender’s projections, the XRP price could potentially double from the $13 price level by 2027, with the total crypto market cap reaching $100 trillion. The analyst also suggested the possibility of more institutional adoption of XRP, which could significantly increase its price.
Bitcoin’s recent surge to as high as $47,000, due to the imminent approval of the Spot Bitcoin ETFs, could also benefit XRP. Crypto analyst CryptoInsightUK suggested that XRP could be the next to surge. He previously outlined a bullish scenario for altcoins, including XRP, predicting significant gains as traders move their profits into smaller market-cap tokens.
CryptoInsightUK believes it could be XRP’s time to shine, as the crypto token is closer than ever to an upward move. He also noted that the current narrative in the crypto community is “awful” for XRP. In his 2024 predictions, CryptoInsightUK sees XRP rising to between $10 and $15 as BTC rises to $100,000. He expects the next bull run to be similar to the one in 2017, when XRP posted a 61,000% gain.
At the time of writing, XRP is trading at around $0.5724, up over 2%, according to data from CoinMarketCap.
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| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | CryptoInsightUK, Dark Defender |
| Companies | Tradingview.com, X (formerly Twitter), CoinMarketCap, Watcher Guru, NewsBTC |
| Currencies | XRP, Bitcoin |
| Securities | None |
