XRP Price Prediction: Can Holders Become Rich With The Altcoin?

In crypto’s recent mini-bull run immediately after Donald Trump’s election victory, one popular token was left with a sluggish price movement: Ripple’s XRP.

Robert Doyle, also known as Crypto Sensei, believes that XRP could still experience significant price movements and that holders could become wealthy in the near future.

In a recent video, Doyle highlighted the crypto asset’s seven-year resistance level, which XRP recently breached. This technical development suggests a growth momentum for the token.

If you hold $XRP You WILL be Very RICH Soon! pic.twitter.com/oUlkFqwC2J

— CryptoSensei (@Crypt0Senseii) November 27, 2024

The video, titled “If you hold $XRP You WILL be Very RICH Soon!,” further explores the factors contributing to XRP’s price increase. Doyle attributes the coin’s price surge to several aspects, including institutional adoption and the growing shift in global payments.

According to Doyle, Ripple’s partnerships with several Latin American banks have positioned XRP as the preferred option for international payments. This institutional adoption, coupled with the crypto’s role in facilitating cross-border transactions, could lead to a significant price increase for XRP.

The crypto commentator also discussed the possibility of the FedNow payment system using XRP for payments, although this claim remains unsubstantiated.

Doyle went on to explore other trends impacting the crypto market industry, highlighting the shift towards tokenized value and the potential for gold-backed currencies. He suggests that XRP could serve as a bridge in these developments.

With favorable market conditions, Doyle anticipates a massive rally for the coin, promising substantial rewards for holders. In his view, the crypto sector will benefit from increasing institutional adoption and use cases.

Doyle’s analysis aligns with some other predictions for XRP’s price. For instance, a Wall Street analyst, Linda Jones, has set a price target of $50 for XRP, arguing that it follows a four-year cycle and is due for a price run.

However, other analysts hold a contrarian view, with some offering a conservative price estimate at less than $10.