The XRP Price has been a topic of heated discussion among investors and analysts, with debates centering on whether it can exceed the $10 mark. The common argument against this possibility often involves concerns about the market cap. However, crypto analyst XForceGlobal has recently debunked this notion, asserting that the market cap argument holds little water in today’s digital economy.
XRP Price: Debunking the Market Cap Myth
In a recent post on X (formerly Twitter), XForceGlobal urged investors not to be deterred by claims that the XRP price cannot rise above $10 due to a potentially high market cap. This perspective is deemed irrelevant by the analyst, who believes that XRP is on a clear path to reaching double-digit values.
The analyst’s optimism is supported by the ongoing bullish trend, which began with a triangle breakout in 2024. This breakout has set the stage for XRP to continue its upward trajectory, presenting a window of opportunity for investors.
XRP’s Bullish Outlook
According to the analyst’s projections, in the event of a breakout, the XRP price could rapidly climb to $4, setting a new all-time high. This momentum is expected to persist through 2026, potentially leading to a 200% price increase, breaking the $10 barrier, and even aiming for $14.
Another respected analyst, TradingShot, also supports the bullish outlook for XRP. They highlight a technical setup on the 1-day chart that suggests a continued upward trend. Following a price bottom in April, triggered by external market pressures, XRP has demonstrated resilience, holding support above $2.7 on the 1-Day MA50 chart.
Technical Indicators and Future Projections
The significance of XRP holding the 1-Day MA50 support is crucial. If this level is maintained, it could provide the necessary push for the altcoin to continue its rally. TradingShot forecasts a potential 60% increase in the XRP price, aiming for a $5 target. This prediction is based on the pattern of the previous bullish leg peaking at the 2.0 Fibonacci extension level.
In conclusion, while skepticism remains regarding XRP’s ability to reach $10, the combination of technical indicators and bullish market sentiment suggests a positive outlook. Investors are advised to remain vigilant and consider the potential for substantial gains as XRP navigates its path to new heights.
