XRP Analyst Predicts $10,000 Price Target Based on Supply – Today’s XRP News
Ripple Queen recently made a bold prediction about the future of XRP, suggesting that the cryptocurrency could potentially reach $10,000. This ambitious forecast is based on several factors, including the limited supply of XRP, its growing utility, and positive regulatory developments that are creating a favorable environment for the cryptocurrency market as a whole. According to Ripple Queen, the current mathematical model of XRP’s supply and demand dynamics already supports this lofty price target and indicates that it is “locked in.”
In addition to these fundamental factors, Ripple Queen also highlighted the potential impact of legislative developments on XRP’s price trajectory. For example, she referenced the proposed GENIUS Act, which could play a crucial role in supporting Ripple’s expansion and solidifying XRP’s position as a key asset within the company’s financial ecosystem. David Schwartz, Ripple’s CTO, has previously emphasized the importance of XRP in the company’s payment solutions, and regulatory clarity is expected to further bolster institutional interest in the cryptocurrency. Banks and other institutional investors are reportedly accumulating XRP in anticipation of future regulatory developments that could create new opportunities for the asset.
The potential approval of XRP spot ETFs by the SEC could also be a significant catalyst for institutional adoption and price appreciation. Analysts from Bloomberg have estimated a 95% chance of these funds being approved, which could lead to a substantial influx of capital into the XRP ecosystem. This increased demand would likely drive the price of XRP higher and contribute to its long-term growth potential.
From a technical analysis perspective, XRP has shown resilience in the face of recent market corrections. The cryptocurrency has managed to stay above key support levels, such as the wave 1 high at $2.65, and bullish divergences are beginning to emerge on various timeframes. According to analysts, a successful retest of the $3.21 level could signal the end of the current correction phase and pave the way for a new upward trend. If this scenario plays out as predicted, XRP could potentially target price levels between $4.60 and $4.80 in the near future.
As of the latest data, XRP was trading around $3.05, with a modest gain of over 2% in the past 24 hours. This price point aligns with bullish indicators and suggests that regulatory clarity and increasing demand could continue to drive XRP’s growth in the long term. While the $10,000 price target may seem overly ambitious at first glance, the combination of favorable market conditions, regulatory developments, and institutional adoption provide a plausible pathway for XRP to reach new valuation heights.
