Prominent Bitcoin day trader Emily asserts that a $10 value for XRP is inevitable alongside Bitcoin reaching $100,000.
Emily disclosed this sentiment in a recent post on X in which she shared price targets for some leading altcoins, including Ethereum (ETH), Solana (SOL), and BNB.
“$10 is Inevitable for XRP”
According to the Bitcoin trader, XRP is bound to soar to $10 in this bull market, particularly should Bitcoin hit $100,000 or Ethereum attain $10,000.
$100k is inevitable for #Bitcoin
$10k is inevitable for #ETH
$1000 is inevitable for #SOL & #BNB
$10 is inevitable for $XRP & $MATIC
What are your targets❓
— Emily’s Universe 💎 (@Crypto__emily) June 2, 2024
With Bitcoin trading at $68,673, the premier asset would require a 45.62% surge to crack the $100,000 threshold.
Interestingly, from its present market value of $0.5179, a 45% growth places XRP at only $0.754, a figure that Emily finds exceptionally conservative. The analyst anticipates that XRP could similarly set a new all-time high if Bitcoin reaches $100K.
For Emily’s projection of the $10 mark for XRP to materialize, XRP must increase by 1,831% from its current price. However, she provided no concrete reasons or factors to support the inevitability of such a significant price increase.
Four Other Analysts Agree with $10 Forecast
Meanwhile, at least four other analysts have sided with the outlook, asserting that XRP could reach $10 this market cycle. They largely attribute the potential surge to historical patterns on XRP charts.
In his analysis, XForceGlobal pointed to a symmetrical triangle on XRP’s chart from 2021, suggesting a breakout could lead to a $9-$11 price range.
Likewise, CryptoBull identified an ascending triangle on the monthly chart, predicting a $10-$13 price this year. Capt. Toblerone used an Elliott Wave pattern to forecast a rise to $10-$11.5.
In December, analyst EGRAG argued that XRP could reach $10 or $50 based on a rare three-green candle pattern on its monthly chart. This pattern has only been seen twice in XRP’s history, each time followed by significant rallies.
Observing XRP Performance for $10 Potential
Overall, these expectations for XRP seem ambitious, considering its recent price movements. XRP is currently trading at $0.5179, which is 2% below its price from last week. When looking at broader timeframes, such as the past month and year, XRP’s performance shows a similar 2% decline.
Essentially, XRP has languished around $0.5 for the past months with barely any sustained uptrend despite the generally bullish sentiment in the crypto market.
Nonetheless, pundits like Emily remain optimistic about XRP’s potential, boldly claiming that a near 20-fold increase is inevitable.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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