Bitcoin Trader Says XRP to $10 Is Inevitable

Prominent Bitcoin day trader Emily claims a $10 value for XRP is inevitable along with Bitcoin reaching $100,000.

Emily revealed this sentiment in a recent post on X, in which she shared price targets for some key altcoins, including Ethereum (ETH), Solana (SOL), and BNB.

“$10 is inevitable for XRP”

According to Bitcoin trader, XRP is expected to rise to $10 in this bull market, especially Bitcoin should reach $100,000 or Ethereum hits $10,000.

With Bitcoin trading at $68,673, the flagship asset would require a 45.62% increase to surpass the $100,000 threshold.

Interestingly, from its current market cap of $0.5179, 45% growth puts XRP at just $0.754, a value that Emily considers exceptionally conservative. The analyst predicts that XRP could also set a new all-time high if Bitcoin reaches $100,000.

For Emily’s projection of the $10 mark for XRP to come to fruition, XRP must increase by 1,831% from its current price. However, it did not present concrete reasons or factors that would support the inevitability of such a significant price increase.

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Four other analysts agree with $10 forecast

Meanwhile, at least four other analysts supported the outlook, stating that XRP could reach $10 this market cycle. They largely attribute the potential increase to historical patterns on XRP charts.

In its analysis, XForceGlobal pointed to a symmetrical triangle on the 2021 XRP chart, suggesting that a breakout could lead to a price range between $9 and $11.

Similarly, CryptoBull has identified an ascending triangle on the monthly chart, predicting a price of $10 to $13 this year. Captain Toblerone used an Elliott Wave pattern to predict a rise to $10 to $11.5.

In December, analyst EGRAG argued that XRP could reach $10 or $50 based on a rare green candlestick pattern on your monthly chart. This pattern has only been seen twice in XRP’s history, each time followed by significant rallies.

Watching XRP Perform With $10 Potential

Overall, these expectations for XRP seem ambitious considering recent price movements. XRP is currently trading at $0.5179, 2% below last week’s price. When looking at broader periods like the last month and year, XRP’s performance shows a similar 2% decline.

Essentially, XRP has languished around $0.5 over the past few months, with almost no sustained uptrends despite generally bullish sentiment in the crypto market.

However, experts like Emily remain optimistic about XRP’s potential, boldly stating that a near 20x increase is inevitable.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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