You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-xrps-potential-surge-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict XRP’s Potential Surge in the Crypto Market</a> 
In the last seven days, the <a href="https://en.coin-turk.com/whales-sudden-crypto-sell-off-shakes-the-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-faces-potential-decline-despite-investor-optimism/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market experienced a significant upsurge, with the value of most crypto assets, including Ripple ‘s XRP token, increasing. This rise boosted the global market cap to $2.22 trillion and increased trading volume to $72.41 billion.
<h2 style="text-align: justify" id="crypto-bitlord-s-xrp-prediction">Crypto Bitlord’s XRP Prediction</h2>
Crypto analyst Crypto Bitlord stated that XRP is poised for a major breakout soon. His prediction about this token, which has shown weak performance in the past, has sparked much debate in the community.
<blockquote>
 “I believe XRP is ready. I expect a vertical parabolic explosion within the next 24 hours. Don’t sleep; you can make millions by timing this movement.”
 Crypto Bitlord
</blockquote>
Crypto Bitlord claims that his previous XRP predictions have helped people earn significant profits and suggests that a similar situation will occur this time. However, hours after his post, the anticipated surge in XRP’s price did not materialize. Instead, the price fell by 1% to $0.5856 today.
<h2 style="text-align: justify" id="crypto-tank-s-xrp-price-forecast-and-conditions">Crypto Tank’s XRP Price Forecast and Conditions</h2>
Another <a href="https://en.coin-turk.com/btc-transfers-raise-concerns-among-investors-doge-sol-and-ton-coin-price-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a>, Crypto Tank, proposes that XRP’s price could reach $100. He notes, however, that this would require the token to capture 10% of SWIFT’s daily transaction volume.
<blockquote>
 “Do yourself and your mental health a favor and ignore these chartists making different dollar predictions. Most of them have no idea. To give you an idea, 10% of SWIFT’s daily volume equates to a $100 XRP. Now add up the volumes of hundreds of banks worldwide. It’s impossible to grasp what’s happening.”
 Crypto Tank
</blockquote>
Crypto Tank’s statement divided the crypto community. Some believe this target can be achieved, while others feel it is unrealistic under current market conditions. Following a brief recovery, XRP’s price has fallen again and is currently trading at $0.5856. Crypto Bitlord’s prediction of a parabolic rise within 24 hours did not come true. Investors should focus on the overall market trend and fundamental analyses instead of speculative predictions. If XRP’s market cap reaches $118 billion, as it did on July 1, 2018, the expected price would be $1.18. A circulation supply reaching 100 billion over the years would necessitate a market cap of half a trillion for a $5 price target. Therefore, aiming for $100 seems unreasonable, as even a $10 price would imply a market cap of $1 trillion.
The post <a href="https://en.coin-turk.com/analysts-predict-xrps-potential-surge-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict XRP’s Potential Surge in the Crypto Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Analysts Predict XRP’s Potential Surge in the Crypto Market

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