Pundit Challenges Claims XRP Can’t Hit $10 Within a Month
XRP enthusiasts challenge critics skeptical of XRP reaching $10 within a month, citing historical data and previous market rallies. Despite a recent 14% dip amid market corrections, optimism about XRP's long-term potential persists. Community members highlight past surges, such as a 480% rally after Trump's 2024 election, emphasizing the possibility of XRP reaching $13.34 with similar growth. However, achieving such gains faces challenges due to higher market cap demands. While hopeful, analysts acknowledge uncertainty regarding such a rally.
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XRP's Recent Performance and Criticism
An XRP community pundit has challenged critics who insist XRP cannot reach $10 within a month, citing data from the most recent explosive run. While XRP has struggled over the past few days—down 14% in the last week—due to a broader market correction, community members remain optimistic about the token’s long-term fundamentals. Many argue that a rebound to greater heights could occur once market conditions improve.
The $10 Price Target
XRP to $10 has been a target raised by multiple analysts. For instance, market commentator Zach Rector suggested it might cause a "riot" if XRP pushes toward $10. Similarly, analyst CryptoBull claimed that individuals who sold their holdings could return when XRP hits this price mark. Community commentator Fefe also weighed in, citing historical data to argue that XRP has previously demonstrated its ability to achieve such gains.
Historical Surge After Trump’s Victory
Citing a specific example, Fefe pointed out XRP’s impressive surge following Donald Trump’s election victory on November 4, 2024. XRP, which was trading at $0.50, experienced a significant surge, reaching a peak of $2.90 by December 3, 2024. This marked an impressive 480% increase within just one month, making it the highest price XRP had reached in seven years at the time. These historical data underpin the claim that XRP is capable of swift and dramatic rallies.
Potential for Another 480% Rally
Interestingly, 480% rallies have happened recently, demonstrating that XRP still has the potential to replicate a similar rally under the right conditions. At press time, XRP was trading for $2.30. If XRP were to experience another 480% rise, its price would increase to approximately $13.34. This scenario underscores the potential for future gains, even amid uncertain market conditions.
Market Cap Constraints and Challenges Ahead
However, it’s important to note that a 480% increase from $2.30 to $13.34 would be more challenging than the historical rise from $0.50 to $2.90. The main reason lies in market cap constraints: the larger valuation of XRP at its current price demands more substantial capital inflows to achieve such a percentage increase. Despite the challenges, a rally to $13 within a month remains possible, though uncertain at this stage.