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An AI startup founder and vocal XRP supporter on the social media platform X has offered his long-awaited price prediction for the cryptocurrency. XRP’s price action in recent days has been highlighted by a quick surge to$2.30 on June 30, in what looks like the bulls trying to close the month of June above $2.20. That momentum, however, was short-lived, as the cryptocurrency has slipped back belowthis level in the most recent two days.
Although momentum has not yet returned in full, bullish predictions are still active, and this latest prediction adds another confident voice to the growing chorus of those expecting a significant breakout. XRP Price As High As $20 To $30
Taking to the social media platform, Vincent Van Code, an AI startup founder, offered his personal price outlook for XRP. He explained that while he rarely comments on specific targets, he believes the asset has the potential to reach between $30 and $50. Related Reading Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 2 days ago
However, it is important to note that this reasoning is not rooted in technical analysis, but rather in belief and long-term conviction based on XRP’s current price trajectory. Furthermore, he noted that his investment in XRP is shaped by this personal view of a $20 to $30 price target and admitted he cannot predict the timing of such a rally. The details of how the journeyplays out to this price target are far less important than the eventual outcome.
It is clear that the ultra-bullish price prediction is not intended to persuade or convince others. However, it shows the confidence some traders havein XRP’s future price. It also resonates with many predictions from other crypto participants regarding XRP, both in terms of technical and fundamental analysis. Familiar Price Predictions Within The Altcoin’s Circle
This prediction aligns with a broader sense of optimism often found among XRP supporters. Although some criticscontinue to argue that price targets of $30 or more are unrealistic, especially due to its huge circulating supply, many in the XRP community continue to see such price targets as attainable. Related Reading Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be? 5 days ago
The beliefs of extravagant XRP price targets are often based on its fundamentals, mostly on expectations of widespread adoption in cross-border payments and institutional adoption of the cryptocurrency. In fact, one analyst pointed to this as the reasonwhy the XRP price will surge above $1,000, stabilize at this level, and eventually become very expensive.
Technical analysis fromcrypto analyst JackTheRippler pointed to an incoming price target above $30 for XRP. In a similar vein, a recent technical analysisby popular crypto analyst EGRAG CRYPTO shows that the altcoin is on track to climb above $9.5 and reach as high as $37.5.
XRP rallied to as high as $2.30 on June 30, and then reversed to an intraday low of $2.15 in the past 24 hours. At the time of writing, XRP is trading at $2.19. XRP trading at $2.19 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com