Prominent market commentator Jay forecasts that XRP could soon hit a double-digit milestone, while also projecting major price surges for assets like Bitcoin and Ethereum.
The crypto market has been struggling over the past few weeks, with leading assets, including XRP, facing significant price declines.
In particular, XRP has shed 10.3% of its value over the past two weeks and has also fallen by 6.9% over the past month. Over the past week, the token has plummeted by 7.01%, with its price crashing below the psychological $3 territory to $2.85.
XRP to Hit $10 This Cycle
Despite XRP’s recent lackluster performance, prominent market commentator Jay remains optimistic that it could defy the bearish trend and set a new all-time high in the current cycle.
Jay shared this outlook while outlining bold predictions for several major crypto assets. He forecasted that XRP could surge to a new all-time high of $10 in the current market cycle, echoing a similar outlook shared by Jake Claver, CEO of Digital Ascension Group. For the uninitiated, the current cycle is expected to end by December 2025.
Therefore, XRP would need to skyrocket by 258.42% from its current price to reach the $10 target, potentially pushing its market cap to $598.26 billion.
Bold Outlook for BTC, ETH, SOL, and HYPE
Notably, Jay also predicted the cycle top of major assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hyperliquid (HYPE). According to him, Bitcoin, Ethereum, Solana, and Hyperliquid could rise to $469,000, $25,000, $1,000, and $300, respectively.
To hit these targets, BTC would need to climb 328% from its current price, ETH 528%, SOL 395%, and HYPE 570%. By comparison, XRP would only require a 258% rally — which is relatively smaller — to reach the $10 goal.
Potential Drivers
However, Jay did not highlight any catalysts that could drive these cryptos to the new price milestones. Meanwhile, for XRP, there is growing confidence that the current downturn will soon come to an end for the token.
This optimism is fueled by several factors, particularly the growing hype around upcoming spot-backed XRP ETFs. Since the SEC approved the first-ever spot XRP ETF earlier this month, expectations are rising that other related products under review could gain approval next month. Speculation suggests that these funds could draw significant inflows into the XRP ecosystem, potentially lifting its price.
In a recent interview, Claver pointed to increased retail and institutional adoption as another key driver of XRP’s growth. Corporate interest has already begun to materialize, with Trident Digital Tech Holdings allocating $500 million toward establishing an XRP-focused treasury.
Another catalyst lies in expanding opportunities for XRP holders to participate in DeFi. Platforms such as Axelar, Flare Network, and Uphold are rolling out initiatives that enable investors to earn yields of up to 10% annually, further enhancing XRP’s utility and appeal.
Despite this growing optimism, it remains uncertain whether XRP can achieve this lofty $10 price.
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.
