XRP to $22 “is Achievable”

Famous market commentators insist XRP could soar to an ambitious double-digit figure, achieving a $1.25 trillion market cap to potentially surpass Ethereum.

Oscar Ramos, a famous market commentator, has stated that XRP could reach an ambitious double-digit figure this bull season, specifically targeting $22 per XRP. At this price point, XRP would attain a market cap of $1.25 trillion, potentially surpassing Ethereum's market cap.

This commentary comes as XRP experiences a mild pullback, with a 1.2% decrease in value, while Bitcoin experiences a minimal 0.16% dip, remaining above $72,300. XRP's recent performance reveals a 30-day decrease of over 18%, contrasting with Bitcoin's 14% gain during the same period.

Ramos's XRP price prediction aligns with Ben Armstrong's recent statement regarding XRP overtaking Ethereum as Bitcoin's main challenger. Armstrong suggests that XRP could attain this position at a price of $22, envisioning a scenario where Ethereum's market cap declines as the bull market progresses.

Ramos and Armstrong's optimism is influenced by factors such as Ripple's payments utilization of XRP, the potential introduction of exchange-traded funds (ETFs), and the integration of RLUSD into XRP's blockchain. While ETPs linked to XRP are currently available, XRP proponents eagerly anticipate spot XRP ETFs, expecting them to generate massive demand for XRP, akin to the substantial purchases observed with U.S. Bitcoin ETFs this year.

However, XRP's journey to $22 poses a significant challenge, considering its price actions and recent market performance. To reach $22 from its current price of $0.5180, XRP would require an astronomical increase of 4,147%. Notably, XRP has already experienced a 15% decrease this year and a substantial decline of over 83% from its all-time high.

Despite these disparities, some analysts advocating for higher XRP targets cite the token's seven-year history, which includes periods of rapid pumps to an all-time high. However, other optimistic analysts have expressed concerns regarding the diminishing relevance of this seven-year narrative in XRP's price trajectory.