XRP Can Reach $1.2T Cap, Top Analyst: Heres What XRP Would Look Like in Such a Case
CrediBULL, a widely followed technical analyst, has suggested that XRP could reach a $1.2 trillion market cap as the ongoing bull run progresses into the new year.The seasoned analyst made this prediction in a recent commentary on X, discussing the short-term fluctuations observed in XRP's price.For context, XRP surged nearly 500% in recent weeks, particularly between mid-November and early December. However, the asset's bullish momentum lost steam after XRP reached a price of $2.87. Specifically, XRP has struggled around the $2 mark over the past two weeks, even dipping to $1.90 at one point before recovering.Commenting on XRP's recent price action, CrediBULL advised non-traders to "zoom out" and focus on the bigger picture. He emphasized that XRP's structure looks exceptionally clean and bullish from the current position, describing it as "insane."The analyst urged holders to ignore the short-term fluctuations, calling them mere "noise" for non-traders. He reassured them that the broader market outlook is "incredibly and unequivocally bullish."XRP to $1.2T Market Cap by Early 2025CrediBULL referenced a historical XRP chart, pointing out that the asset is largely in a long-term uptrend and is now undergoing a brief consolidation. He believes a breakout from this consolidation is inevitable, in line with past patterns.Notably, the chart CrediBULL shared depicted XRP's potential path through 2025, suggesting the possibility of reaching as high as $22 in the first quarter. Currently, XRP is trading at $2.39, with a market cap of $137 billion.Reaching $22 would require an additional 820% increase from its current level, boosting XRP's market cap to $1.26 trillion.
Text source: The Crypto Basic
