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HomeCrypto NewsMarketMarket Expert Makes Case for XRP Run to $15, Citing Multiple Analyses

Market Expert Makes Case for XRP Run to $15, Citing Multiple Analyses

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The host of the Working Money channel recently shared a bullish outlook on XRP, citing multiple experts to make a case for a run to two digits.

His commentary suggested that a $15 price for XRP could be feasible in the long run. This comes as XRP has recently regained strength along with the broader crypto market after the sharp sell-off and liquidation event on Oct. 10.

In his video, the host pulled together several independent analyses and opinions from respected voices in the XRP community, including CryptoInsightUK, Vincent Van Code, and EGRAG Crypto, to support his case. 

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CryptoInsightUK Sees XRP Run to $15

First, he called attention to analyst CryptoInsightUK, who addressed growing doubts about XRP’s short-term outlook. CryptoInsightUK noted that XRP currently has almost no downside liquidity.

XRP Liquidity CryptoInsightUK
XRP Liquidity | CryptoInsightUK

This indicates that while prices might still move around, the lack of available liquidity below current levels could eventually force the price higher. He explained that deeper liquidity zones are where exchanges and market makers tend to make more money, suggesting that XRP will likely push upward.

The analyst then pointed out that the Oct. 10 liquidation event, which occurred nearly three weeks ago, barely affected XRP’s long-term structure. 

Notably, on the weekly chart, the token has held firm and continued to trend upward. He added that even on the three-month timeframe, XRP remains above major resistance levels from its 2018 all-time high, showing that the broader uptrend remains intact.

XRP 1W Chart CryptoInsightUK
XRP 1W Chart | CryptoInsightUK

CryptoInsightUK also discussed a pattern he shared earlier that connects to the daily RSI hitting oversold levels. For context, the last time this happened, XRP saw a major rally. 

Using the same pattern, a similar move today would take XRP to around $15 per coin. He said this indicates that the crypto market still has strong momentum, and XRP could have plenty of room left to run.

Bullish Momentum Returning

Notably, at the time of the Working Money video commentary, XRP traded between $2.62 and $2.63, after briefly reaching $2.675 overnight

The Working Money host noted that market sentiment has improved, with the Fear and Greed Index climbing back to neutral levels in the 40s. The total crypto market cap has also risen to about $3.89 trillion, moving closer to the $4 trillion mark, while altcoins are starting to build momentum again.

XRP Commentaries from Van Code and EGRAG

The host then highlighted comments from software engineer Vincent Van Code, who claimed that Binance’s XRP order books hold only about 4 million XRP. Notably, The Crypto Basic also recently called attention to this analysis.

Specifically, Van Code explained that anyone trying to buy 10 million XRP at current prices would likely start at $2.6 and drive the price toward $15 because of the thin supply. 

He warned that the shortage of XRP on exchanges, combined with increasing institutional demand, such as Evernorth’s commitment to purchase $1 billion worth of XRP, could trigger a major supply squeeze. 

Van Code added that even OTC and wholesale markets, where large investors usually buy to avoid price spikes, are drying up because most holders are refusing to sell. 

The Working Money host then turned to EGRAG Crypto’s analysis. For context, EGRAG recently argued that analysts such as Blockchain Backer and BobbyA are wrong with their bearish calls. According to him, XRP remains structurally strong as long as it holds above $2.20 and $1.97 on monthly closes. 

He compared the current market setup to previous cycles in 1999 and 2007, when risk assets surged before major market pullbacks. EGRAG argued that the current rally still has one last leg to go, as markets usually peak only when euphoria takes over, and this hasn’t happened yet.

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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