Crypto analyst Vincent has made a bold prediction that the XRP price could potentially reach as high as $10,000, despite the recent rally that has seen the crypto targeting its current all-time high of $3.8. This prediction was made after consulting with AI chatbot ChatGPT, which invalidated the argument that XRP’s market cap would prevent it from reaching such a high price level. The chatbot also suggested that monetary market cap is an invalid metric for predicting the XRP price.
Vincent did not provide a timeline for when the XRP price could reach $10,000, but it is believed that Ripple could play a significant role in helping the crypto achieve this milestone. Ripple’s payment service could lead to an increase in XRP’s use case, especially as the service gains mass adoption. Additionally, the potential approval of XRP ETFs by the US Securities and Exchange Commission next year could also drive institutional inflows into the XRP ecosystem, potentially sparking a significant price rally.
Meanwhile, crypto analyst Mikybull Crypto has predicted that XRP could rally to double digits in this market cycle, drawing comparisons to the legendary 61,000% rally that the crypto experienced in the 2017 bull run. The analyst suggested that XRP could hit $2, experience a pullback, and then continue its vertical rallies to potentially reach a new cycle top of around $10. Another analyst using the Elliott Wave theory predicted that XRP could rally as high as $18 in this current bull run.
As of the time of writing, the XRP price is trading at around $1.90, up over 18% in the last 24 hours. The recent rally in XRP’s price has sparked optimism among analysts and investors, with some predicting even higher price targets for the crypto in the near future. Ultimately, the future price trajectory of XRP will depend on a variety of factors, including the adoption of Ripple’s payment service, regulatory developments, and overall market conditions.
