The Growing Optimism in the XRP Community
In recent developments, the XRP community is abuzz with excitement over potential massive gains in XRP’s market value. This enthusiasm has been further fueled by Ripple’s CEO, Brad Garlinghouse, who has reaffirmed his unwavering support for XRP. This endorsement is being viewed as a positive indicator for the cryptocurrency’s future.
Ripple CEO’s Declaration Sparks Optimism
Brad Garlinghouse recently expressed his commitment to XRP in a notable post on X, where he simply stated “1,000%.” This declaration has been interpreted by the community as a bullish signal for XRP, with many speculating on the possibility of a dramatic price surge. His comment was a response to a post from Digital Asset Investor, a respected member of the XRP community.
Advertisement Banner
The post by Digital Asset Investor highlighted Garlinghouse’s tattoo, which he got after Ripple’s legal victory against the SEC. This tattoo features the XRP logo along with the date ’07-13-2023,’ marking the day when Judge Torres ruled that XRP was not a security. Following this ruling, XRP experienced a 25% price increase.
The significance of Garlinghouse’s tattoo is seen as a testament to his belief in XRP’s potential. Digital Asset Investor emphasized that for someone of Garlinghouse’s standing, with a prestigious Harvard MBA, to get a tattoo signifies a calculated belief in XRP’s future growth. He encouraged the community to remain steadfast, mirroring Garlinghouse’s confidence in XRP’s trajectory.
Moreover, Garlinghouse previously urged the community to “lock in” after announcing Ripple’s decision to cease its cross-appeal against the SEC. He mentioned the company’s dedication to developing the ‘Internet of Value,’ a goal that further strengthens XRP’s position in Ripple’s payment services.
Potential for a 1,000% XRP Price Surge
Notable crypto analyst Egrag Crypto has projected that XRP could indeed experience a 1,000% price increase. In his analysis, he identified a classic ‘W’ pattern forming in the XRP charts. He set forth $15, $22, and $40 as conservative, average, and optimistic price targets, respectively. Achieving a price of $22 would represent a roughly 1,000% increase from XRP’s current value.
Additionally, Egrag Crypto referenced historical market cycles to support his analysis, suggesting that XRP could reach between $9.5 and $37.5 in the current market cycle. A repeat of the first cycle could lead to a 2,000% surge, reaching $37.5, while mirroring the second cycle might see a 455% increase to $9.5.
As of the latest data from CoinMarketCap, XRP is trading at approximately $2.22, showing an upward trend in the past 24 hours.
Our Editorial Commitment
At Bitcoinist, our editorial process is committed to delivering content that is well-researched, accurate, and unbiased. We adhere to rigorous sourcing standards, and each article undergoes a comprehensive review by our team of leading technology experts and experienced editors. This ensures that we provide content of integrity, relevance, and value to our readers.
“`
