Cryptocurrency expert BarriC said that XRP prices rise To $10,000 is not possible at the moment. He also revealed what would need to happen for the altcoin to reach this level and even rise to $50,000.
Expert says XRP price cannot rise to $10,000 now
in Share XBarriC said that the price of XRP cannot reach $10,000 to $50,000 if the altcoin remains just a retail asset, which investors can buy and trade on exchanges. Instead, he explained that the only way this could happen is for XRP to become part of Global financial infrastructure.
Related reading: One analyst says XRP’s path to $100 is not clear, and these things will happen first
The critic also noted that this could happen if XRP becomes an integral part of the way every bank and financial institution around the world manages finance. Once this happens, the expert predicts that the price of XRP will no longer be low and will not face any decline anymore Bear market As you are currently experiencing.
BarriC confirmed this Ripple price It will settle at a higher level, between $10,000 and $50,000, once trillions of dollars flow directly into and through XRP on a daily, weekly, monthly and annual basis. He announced that this was the price people would have to pay for XRP, and that those who diligently accumulated and held would be rewarded for their patience and perseverance.
It is interesting that The critic stated The price of XRP could reach $10,000 this year. This came when he announced that XRP would go from $2 to $10, from $10 to $100, from $100 to $1,000, and from $1,000 to $10,000, and that all of these shifts in altcoin prices could happen this year. BarriC also stated that the shift could happen faster than many expect, with many market participants potentially losing life-changing wealth.
XRP is still at risk of a significant decline at the moment
Cryptographic analyzer Egrag Crypto has indicated The price of XRP is still at risk of a significant decline at the moment. He noted that the 0.618 Fib level at $1.51 is acting as the first major resistance and that so far, the altcoin has failed to provide a confirmed close above this level. At the same time, the analyst also mentioned that the upcoming Main resistance The Fib becomes 0.702 at $1.83.
Related reading: If you’re holding XRP, this expert says you should see this
He explained that these two levels are very important because they determine whether XRP price moves into a bullish wave 5 expansion or remains trapped within a larger corrective structure. Egrag Crypto said that if XRP cannot recover to these levels, it will… Elliott wave art The measured move still favors a decline to the 0.382 Fib at $0.89 or even the 0.236 Fib at $0.64.
At the time of writing, the price of XRP is trading at around $1.39, down about 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Adobe Stock, chart from Tradingview.com
