Proponent Suggests the XRP Price Can 6x From Here, But is it Realistic?
2025-07-20 16:17:27
Main Idea
XRP's recent market performance and potential for future growth are discussed, including expert opinions on its price trajectory and market cap requirements.
Key Points
1. XRP recently surpassed Tether's USDT to become the third-largest cryptocurrency by market cap, reaching $208 billion.
2. John Squire, an XRP proponent, suggests that XRP could potentially increase in value by 6x, requiring a market cap of around $1.2 trillion.
3. Achieving this growth would necessitate constant buy-side liquidity, with significant buying pressure needed for price movements (e.g., $12 million on Binance for a 2% move).
4. XRP's trading volume has decreased by 15% over the past 24 hours, despite Thumzup Media Corporation's $250 million investment plan to expand its crypto holdings, including XRP.
5. Analyst Lark Davis believes that if XRP stabilizes above $3, it could surge to $4.1 or $4.5, entering what he calls 'bonkers territory.'
Description
Ripple’s XRP made headlines throughout the past few days, charting massive gains day after day and ultimately achieving a new all-time high earlier in the week (it’s debatable but most market participants agree). The popular altcoin managed to take over Tether’s USDT stablecoin for the spot of the third-largest cryptocurrency, currently sitting on a market capitalization of around $208 billion. Now, analysts are racing to predict its next move as social media chatter is peaking. Can XRP 6x From ...
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