Analyst Says XRP Price Not Reaching $10+ Due To Market Cap Is Irrelevant
The arguments for the XRP having the ability to attain $10+ or not have ranged from how high the market cap must go, in addition to there being an excessive amount of provide of the token. However, crypto analyst XForceGlobal has debunked it and stated that the market cap argument will not be legitimate. In their view, the XRP price is definitely primed for the $10 mark and is just a matter of time earlier than the digital asset reaches this degree.
Don’t Be Fooled By The Market Cap Argument
In a put up on the X (previously Twitter) platform, the crypto analyst warned XRP traders to not be fooled by those that say that the value can’t rise to $10+. Most particularly, the argument that the market cap would be too high at this worth could be irrelevant.
According to the put up, the XRP worth is anticipated to truly cross the double-digit mark within the subsequent yr. This is as a result of with the triangle breakout that started again in 2024, the XRP worth stays fairly bullish. Hence, there may be nonetheless a small window of opportunity the place the altcoin may proceed its run.
Going by the analyst’s chart, within the occasion of a breakout, the XRP price could quickly rally towards $4 to set a brand new all-time high. Then by the yr 2026, the bullish wave is anticipated to persist, triggering an over 200% enhance to interrupt $10, and finally rally towards $14.
XRP Price Still Bullish Despite Decline
Another crypto analyst, TradingShot, has additionally pointed out why the XRP worth remains to be bullish, alluding to a technical setup on the 1-day chart. The analyst factors to the truth that the value had bottomed again in April after months of onslaught as a consequence of Donald Trump’s tariff wars. Then, with the latest restoration, the value has been testing and holding the 1-Day MA50 as assist above $2.7.
The significance of that is that the XRP worth is holding this assist after bottoming from its bearish leg on the 1-Day MA100 chart. Thus, which means that is the 1-Day MA50 is confirmed, then it will be the push wanted for the altcoin to proceed to rally.
The goal for the rally right here is an over 60% increase in price to succeed in the $5 mark. “That Bullish Leg peaked on the two.0 Fibonacci extension degree. If this sequence is repeated, count on the following high to be round $5.00,” the crypto analyst defined.