Expert Predicts XRP Price If Bitcoin Surge to $145K in Two Month Time
Tony Edwards, the host of the Thinking Crypto podcast, projects a scenario where a resurgence in the bull run could push Bitcoin, Ethereum and XRP to new ATHs. The recent performance of major crypto assets like Bitcoin, Ethereum, and XRP has left many investors disappointed despite XRP showing greater resilience than the rest of the market.BTC, ETH, and XRP Fall from Recent Highs These assets have lost most of the gains accumulated after Donald Trump's re-election in November. For instance, Bitcoin, which surged to an all-time high of $109,114 on Inauguration Day, January 20, is down 24.12% to $82,787. Ethereum was trading at $1,897 in the hours before press time, despite soaring above $4,000 in December. XRP, which became the third-biggest crypto by market cap following its remarkable post-election performance, has dropped to the fourth position. XRP soared to $3.38 on January 16 but has since plunged 32.54% to $2.28. This downturn has spread across the broader crypto market, with top assets also experiencing similar price declines. Thinking Crypto Host Remains Optimistic While many investors are expressing disappointment in the heavy downturns, Edwards seems optimistic about the market's potential. He imagines a hypothetical scenario in which the prices of the top three crypto assets by market capBTC, ETH, and XRP (excluding stablecoins)hit ambitious targets within the next two months.Notably, he sets Bitcoins target at $145,000, Ethereum at $7,000, and XRP at $5. Achieving these milestones would require Bitcoin, Ethereum, and XRP to rise 75.14%, 269%, and 119% from their current prices of $82,787, $1,897, and $2.28, respectively. For context, Bitcoin will have a market cap of $2.87 trillion if it clinches the $145,000 target. Also, Ethereum and XRPs valuation will rise to $844.37 billion and $290.54 billion at the projected targets, respectively. Edwards did not highlight a possible factor that could trigger such rallies. Apparently, the post was an attempt to spark discussion, excitement, and possibly a little FOMO (fear of missing out) among his over 131K X followers. Despite the speculative nature of the analyst's recent disclosure, it reflects growing bullish sentiments in some parts of the crypto community.Similar Predictions For context, several experts have issued similar targets for some of these cryptos. In January, CryptoQuant forecasted that Bitcoin would target a minimum price of $145,000 this year, potentially driven by pro-crypto regulation and strong institutional adoption.In the same month, popular crypto chartist Ali Martinez forecasted that Ethereum could hit a price target of $7,000 this bull cycle. Also, leading asset manager Bitwise set a similar target for the second-biggest cryptocurrency. As previously reported, the top asset manager predicted that Ethereum will rise to $7,000 this year. Similarly, pseudonymous crypto analyst Altcoin Moe believes that XRP will register a new all-time high of $5 this cycle. Furthermore, Martinez recently suggested that the $5 target for XRP is achievable, asserting that the asset must first break above the right shoulder at $3.While these predictions look appealing, investors must tread carefully when investing in crypto, especially during this highly volatile period.
Text source: The Crypto Basic
