XRP Price Hits $100 Billion Market Cap: What’s Next?

The XRP worth has hit a $100 billion market cap once more, additional offering a bullish outlook for the crypto, which has been one of many best-performing crypto belongings in latest instances. Crypto analysts like Darkish Defender have offered insights into what might come subsequent for XRP.

XRP Value Might Rally To $5 Subsequent

In an X publish, crypto analyst Darkish Defender steered that the XRP worth might rally as excessive as $5 on its subsequent leg to the upside. This got here as he famous that the primary goal of $1.8 for XRP on this bull run has occurred, which led to the crypto hitting the $100 billion market cap mark.

With the primary goal out of the best way, XRP might attain $5.8, which Darkish Defender’s accompanying chart highlights as one of many median targets. Apparently, the chart additionally highlights $18 as a median goal, indicating that the crypto might attain this degree in some unspecified time in the future.

Darkish Defender additionally lately used his Elliot Wave theory analysis to point out how XRP might hit $18 on this market cycle. The chart confirmed this parabolic rally would happen on the Wave 5 impulsive transfer to the upside.

In the meantime, in one other X post, the crypto analyst warned about how important the Fibonacci degree at $1.8815 is within the quick time period. He famous that the XRP worth touched $1.9508 after which bounced again to this Fib degree. In step with this, he acknowledged that the crypto should keep above $1.8815 for not less than three candles.

Based on Darkish Defender, step one is to remain 12 hours above this degree, adopted by a 3-day shut above this degree. A sustained shut above this Fib degree might affirm that as a major help degree and propel XRP to new highs.

Amid the latest XRP rally, it’s price mentioning that the crypto has flipped BNB to change into the fifth-largest crypto by market cap. Darkish Defender believes XRP might flip Solana subsequent to change into the fourth-largest crypto by market cap. The analyst had prior to now additionally boldly predicted that the crypto would flip Ethereum in some unspecified time in the future.

Double Digits Value Goal On The Horizon

Crypto analysts like Egrag Crypto and Mikybull Crypto have additionally steered {that a} double-digit worth goal for the XRP worth is on the horizon. In his evaluation, Egrag Crypto acknowledged that FOMO will ignite if XRP closes above the $2 degree.

He added that if historical past repeats itself, XRP will possible commerce in double digits between $20 and $27. From the accompanying chart, the analyst appears to be referring to the 2017 bull run, wherein XRP recorded huge beneficial properties on its solution to its present all-time excessive (ATH) of $3.8.

Crypto analyst Mikybull Crypto additionally acknowledged in an X publish that the XRP worth is giving off 2017 rally vibes. Based mostly on this, the analyst predicts that XRP will hit $2 after which expertise a pullback earlier than it continues its “vertical hated rallies” to a brand new cycle prime of most likely $10.

In one other X publish, he instructed market individuals to look at what’s going to observe after XRP breaks a brand new ATH. The crypto analyst added that the 2017 form of huge rallies are about to be unveiled earlier than everybody’s eyes. With XRP flying excessive in the meanwhile, a latest CoinGape market evaluation additionally raised the potential for the crypto’s ATH being imminent.