The cryptocurrency market has been on the rise again, with Bitcoin at the forefront. Last week, Bitcoin climbed above $64,000, reaching hitting a four-week high.
This move alone saw the global crypto market cap increase from $2.01 trillion to over $2.21 trillion, which is more than $200 billion in inflows. This has led analysts to become more positive about the likelihood of significant price rises across a range of cryptocurrencies, including XRP.
In a post on X, Altcoin Moe released new predictions for various cryptocurrencies, including XRP. Moe’s new price prediction for Bitcoin is that it will reach an all-time high of $115,000. If Bitcoin attains this target, it will be an 81% rise from the current price of $63,193.
Here are my realistic price targets for this #crypto bullrun:$BTC – $115,000$ETH – $8000$INJ – $150$LINK – $125$BRETT – $1.5$PAAL – $1$BNB – $1,000$TAO – $750$XRP – $5$ARB – $7$SUI – $7$LTC – $150$AVAX – $300$PORTAL – $20$OMNI – $1000$SOL – $600$ADA – $4$DOT -…
— Altcoin Moe (@AltcoinMoe) September 20, 2024
Ethereum, the second most valuable cryptocurrency in the market, may perform even better. Moe believes that Ethereum is likely to increase by more than 210% to hit $8,000 from the current trading price of $2,573.
XRP expected to outperform with a potential eightfold increase
Of the altcoins, XRP is expected to have significant gains. According to Moe, the price of XRP will be $5 by the end of the year, a 745% increase from the current price of $0.59. Moe predicts that the price of XRP may rise to almost eight times if Bitcoin hits $115,000 and Ethereum $8,000.
Historically, XRP has followed a growth trajectory similar to Bitcoin. Historically, XRP has exhibited a growth pattern that is similar to that of Bitcoin. In the last bull run, the price of Bitcoin increased by 721% while that of XRP also rose by 942% to a high of $1.96.
However, Moe is also positive on other altcoins. He has set high expectations for Chainlink (LINK), Binance Coin (BNB), and Avalanche (AVAX). Moe predicts that Chainlink may surge to $125, Binance Coin may hit $1000, and Avalanche may surge to $300.
Additionally, in a recent analysis, cryptocurrency commentator Levi Rietveld predicted that XRP could have a huge price appreciation. According to Levi, this will be mainly due to the SWIFT payment system.
$XRP WILL HIT $60 OVERNIGHT WITH THIS SWIFT NEWS! Here's The Math!! pic.twitter.com/lbQPeSVD3j
— Levi | Crypto Crusaders (@LeviRietveld) October 9, 2024
Levi also added that the provision of regulatory certainty and the introduction of RLUSD may propel the price of XRP. The analyst believes that XRP may hit $200 per coin in the next ten years and may even cross $10 in the next one-year time frame.
