The founder of The House of Crypto channel recently suggested what the XRP price could be for this season in a scenario where Solana (SOL) attains $920.
In a recent post on X, the crypto analyst highlighted his outlook for various crypto assets, including XRP. He noted his expectation for the targets to click by precisely this time next year in the ongoing bull season.
For the marker leaders Bitcoin and Ethereum, the analyst anticipates prices of $175,000 and $8,400 respectively. This projection is consistent with popular expectations among industry observers regarding the peak values for BTC and ETH this cycle.
XRP and Solana Prices
The House of Crypto suggested that Solana could reach $920 next year, representing a substantial 482% increase from SOL’s current value of $158.
Meanwhile, the analyst proposed a $6.20 price target for XRP. Currently, XRP is trading around $0.5915, having lost 3.4% of its value over the past week. At this level, XRP is approximately 85% below its all-time high of $3.84.
This indicates that achieving a price of $6.20 would be a historic milestone for XRP, which has not reached a new all-time high in nearly seven years.
Several XRP proponents in the crypto community consider $6 a realistic target, as it would require a 948% increase from XRP’s current price. When considering XRP’s 942% surge following the Bitcoin halving in the 2021 bull cycle, this level of growth seems plausible.
However, some analysts in the XRP community believe that XRP is more likely to replicate its 2017 performance than the 2021 trajectory.
This view is based on the prolonged consolidation phase XRP has experienced since its last peak. They argue that a longer consolidation phase could lead to a more violent and extended uptrend once a breakout occurs.
As a result, some analysts have argued for up to $300 for XRP in this cycle. This audacious projection has been met with resistance amid sustained pessimism.
Critics argue that 2017’s history is no longer relevant and that the resulting market cap from bold forecasts like $300 makes the outlook mere wishful thinking.
Projections for Other Altcoins
Additionally, The House of Crypto founder is bullish on other notable altcoins, such as Chainlink (LINK) with a target of $110, Tron (TRX) aiming for $2, and ICP reaching $150.
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.
