Crypto analyst Xena has stated that the XRP price is set to hit $10,000. She provided several reasons for this conviction, comparing XRP’s potential surge to that of Bitcoin.
Reasons Behind the $10,000 XRP Prediction
In a post on X, Xena confidently asserted that the XRP price will inevitably reach $10,000. Despite some market participants claiming that XRP must first surpass its all-time high (ATH) for such forecasts to be credible, she disagrees, stating that the focus is misplaced. She pointed out that many were concerned about Bitcoin needing to hit $1,000 before its predicted rise to $1 million.
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Xena highlighted that many people now regret not acquiring Bitcoin when they had the chance, given its rise in value amid these predictions. She advised traders to choose between being dismissive and doing nothing, or to hold XRP and wait patiently for its upcoming rally. The analyst reminisced about purchasing BTC between $200 and $600 and Ethereum for just $5.
She noted that her leap of faith in those earlier days has paid off, given the significant gains of these top cryptocurrencies. Xena pointed out that similar skepticism surrounding XRP now mirrors what was said about BTC and ETH back then, with doubts they would achieve specific price points.
Xena remarked that skeptics will always exist, believing they have superior insights. Yet, she suggested that their opinions do not surpass those of Ripple’s co-founder and XRP Ledger developer Arthur Britto, who is claimed by the community to have predicted that XRP will reach $10,000.
Ripple’s Role in the Expected Surge
Xena suggested that her belief in XRP’s $10,000 potential is partly based on hints from Ripple about higher valuations of the altcoin. She specifically referenced the $589 price target, suggesting that Ripple has been implying significance regarding this figure.
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Additionally, she pointed out that Ripple CEO Brad Garlinghouse has been consistently following a mere 589 individuals. Xena challenged the community to decide whether they would heed the voices of detractors or listen to Ripple CTO David Schwartz, who has indicated that XRP can achieve higher prices based on various factors. She emphasized that when Arthur Britto asserts that XRP is designed to reach $10,000, the community should take notice.
As of writing, the XRP price stands at approximately $2.81, having dropped over 6% in the last 24 hours, according to CoinMarketCap data.
Featured image from Adobe Stock, chart from Tradingview.com
