The XRP price stands in resistance, after its recent rise, after it is unable to violate the critical obstacle at the Estate Estate. Despite its lateral movements in recent months, the Ripple community assumes that the XRP mark will rise to $ 100 and outperform the rest of the market. In this article, we explore the different reasons why $ 100 is not a realistic target.
Reasons why XRP price $ 100 is unrealistic
One of the reasons why $ 100 is an unrealistic target XRP value today It is due to the stunning offer of 58 billion chips. If Ripple rises to $ 100 with this offer, it will reach the $ 5.8 trillion market ceiling, three times the size of the Bitcoin market cap $ 1.8 trillion.
Secondly, in order for the XRP to reach $ 100, the price should increase by more than 4400% or 45 times its current price, which is a rally that can take many years if it ever happens. Even with the potential Integration of Ripple with SwiftBy the end of 2025 or over the next two years, Ripple cannot be realistically reaching $ 100, posting a 45x rally.
Meanwhile, Standard Chartered recently published his XRP price forecast and he did not mention $ 100 to one target, instead he announced that he announced that Ripple could grow up 6x From the current price and reaches $ 12 over the next three years. This target would give the Ripple market ceiling $ 696 billion, which is more realistic and would make the XRP the largest altcoin if Ethereum continues to be unusual.
XRP Technical Analysis
In the diagram of the day, the XRP price is faced with a strong endurance on the POC route $ 2.55, where trading volumes were in the past. If Ripple is able to overcome this level of resistance, it can ignite the tide and set a higher $ 2.55, starting the bullish reverse.
After bouncing out of 50, the RSI line also tilts to the north, indicating that the continued bullish momentum is gaining power. If RSI retains its trajectory upwards, the following rally can get the XRP price to $ 2.94 or $ 3. Besides Ripple (XRP) can rally All time at a high price of $ 3.40.
However, XRP Price has watched Bitcoin in recent weeks, and as the wider market trend is weakened and the sellers restore control and cause RSI to be less than 50, Ripple may re-enter. If Ripple is below this support zone, the traders should foresee $ 1.79 again.
Therefore, given the large offer of the $ 58 billion XRP, the price is not a goal to be achieved to $ 100, as Ripple would be $ 5.8 trillion ceiling. However, the Standard Chartered believes that the XRP can reach $ 12 over the next three years, while the Daily diagram shows that the bullish momentum will grow strong, which can rise to Ripple to $ 3.
Frequent questions (FAQ)
The $ 100 is an unrealistic target of the XRP price as it would give it a $ 5.8 trillion market ceiling. This is almost three times larger than the current ceiling of the BTC market.
Standard Chartered assumes that the XRP price amounts to $ 12 over the next three years. This attributes the XRP ETF to the inlet of this rally.
The daily diagram shows that the price of the XRP is stuck in consolidation, but the rising RS line alludes to the breakthrough when bullish is thriving strength.
muthon
Muthoni Mary is an experienced cryptocurrency analyst and writer who has more than three years of experience in dissecting the trends, price movement and market dynamics. In the event of a thorough understanding of technical analysis and a thorough understanding of chain metrics, it offers an understanding, data -based content that helps investors move in the world at the rapid pace of digital assets.
Obligations: The content presented may include the author's personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication is not responsible for your personal financial loss.
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