Home Altcoins News XRP Bull Run Gains Momentum, Expert Predicts $7.20 Target

XRP Bull Run Gains Momentum, Expert Predicts $7.20 Target

XRP Bull

XRP has been making waves in the cryptocurrency market, showing impressive gains and capturing the attention of financial experts. Following a notable rebound from below the $2 mark, XRP is currently trading at $2.39, a 12% rise in just the past 24 hours. The altcoin has been one of the top gainers in the crypto space, outpacing rivals like Ethereum and Binance Coin, which have posted much smaller increases.

XRP’s Recent Surge

XRP has enjoyed a remarkable comeback, hitting an intraday high of $2.44, up from the low of $1.99 just two days ago, marking a 23% jump. The surge in price has been a breath of fresh air for investors, many of whom have been waiting for a breakout following months of stagnation. With XRP leading the charge in the current bull market, it seems the coin is on track to reclaim new highs and potentially surpass its all-time high.

Linda Jones: The XRP Train Has Left the Station

Linda Jones, a prominent wealth mentor and financial expert, has been following XRP’s performance closely. According to Jones, “The XRP train has left the station,” signaling that the opportunity to buy XRP at lower prices may have passed. In her view, the token is now poised to continue its upward trajectory. Many experts believe the ongoing bull run could push XRP to surpass its previous all-time high, a move that the XRP community eagerly awaits.

The Next Stop for XRP

While Jones did not specify an exact target, other analysts have weighed in on where the price of XRP could go from here. Several experts believe that XRP could reach between $4 and $5 before taking a breather. This would represent a 100% gain from its current price, making it a lucrative option for investors who have been holding onto the coin. As the bullish momentum continues, the next few weeks could prove critical in determining just how far XRP can go in this cycle.

Could XRP Surpass Ethereum?

One of the more interesting discussions surrounding XRP’s current run is its potential to overtake Ethereum in market cap. Analyst Charting Guy, a respected voice in the crypto space, has suggested that XRP might be on track to challenge Ethereum for the second position. Currently, there is a substantial gap of $273 billion between the two coins, with Ethereum’s market cap sitting at $410 billion compared to XRP’s $137 billion.

For XRP to close this gap, its price would need to rise to around $7.20, representing a 200% rally from its current level. This target, while ambitious, is not seen as unattainable by some in the crypto community, especially considering the gains seen in the previous months. If XRP can maintain its bullish momentum, reaching this target may be possible in the coming weeks.

Long-Term Outlook: Can XRP Reach $100?

Looking at the long-term picture, many XRP supporters believe that the coin has even more potential. Some have speculated that XRP could eventually reach a price point of $100, though this prediction is more speculative. While Linda Jones has suggested that such a price might not be realistic in the immediate future, the possibility of XRP hitting new all-time highs in this bull cycle is definitely on the table.

For now, the focus remains on XRP’s current momentum. The market sentiment is overwhelmingly positive, and with more institutional investors and retail traders piling into the asset, it seems that the bull run is far from over. As the price of XRP continues to climb, the coming months will be crucial in determining whether it can maintain this trajectory or if it will encounter resistance that slows its ascent.

Conclusion

XRP’s ongoing bull run has been nothing short of impressive. With financial experts like Linda Jones predicting further gains and some speculating that XRP could even challenge Ethereum for the number two spot, the future looks bright for this popular altcoin. Whether XRP will reach $4, $7.20, or even $100 remains to be seen, but for now, the momentum is firmly in its favor, and investors are watching closely to see just how high it can go.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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