$XRP Hits $100 Billion Market Cap: What’s Next?

$XRP has spiked above a $100 billion market cap, drawing attention from analysts and investors. The cryptocurrency is now one of the most-performing assets, with a bullish pattern signaling higher prices in the future. Experts believe $XRP could soon claim the fourth spot in market cap rankings, overtaking Solana.

Analysts Predict Higher Targets

Crypto analyst Dark Defender has predicted that $XRP could rally to $5 via his X post. He shared this prediction after $XRP hit its first target of $1.80, crossing the $100 billion market cap threshold. According to his analysis, $5.80 is the next key target. He also pointed to $18 as a possible future price for $XRP during this market cycle, supported by Elliott Wave theory.

The 4-hour chart shows a new structure for $XRP. Before a correction, we expect XRP to touch $2.13 soon.
New resistances appear as $4.11 and $6.42 in the 4-H time frame. These align with our Main Second target of $5.85 after $1.88.
It is just the beginning, my friends.… pic.twitter.com/YEYeISxyMn
— Dark Defender (@DefendDark) November 30, 2024

Dark Defender’s analysis shows that $XRP could experience a parabolic rally in its fifth wave of upward movement. However, he cautioned that $XRP must stay above the $1.8815 Fibonacci level to sustain its current momentum. This level is crucial for $XRP’s next lap.

Critical Support Levels

In a recent post, Dark Defender emphasized that $XRP needs to close above $1.8815 for at least three candles. He suggested two steps for this:

Maintain a 12-hour close above the level.
Follow it with a 3-day close above $1.8815.

If $XRP holds this support level, it could confirm its strength and push toward higher price targets.

$XRP Climbs Market Cap Rankings

$XRP has already overtaken Binance Coin (BNB) to become the fifth-largest cryptocurrency by market cap. Analysts believe it is well-positioned to surpass Solana and take the fourth spot. Dark Defender even speculates that $XRP could eventually flip Ethereum, though this would require an extraordinary rally.

Double-Digit Prices on the Horizon

Other analysts are equally optimistic about $XRP’s future. Egrag Crypto via X post believes that fear of missing out (FOMO) will drive the price higher once $XRP closes above $2. He predicts $XRP could trade between $20 and $27 if history repeats itself. This is based on the 2017 bull run, during which $XRP surged to its all-time high (ATH) of $3.80.

Mikybull Crypto, another analyst, agrees. He sees similarities between the current market and the 2017 rally. Mikybull predicts $XRP will reach $2, experience a slight pullback, and then continue climbing to $10. He also noted that once $XRP breaks its previous ATH, the market could see explosive growth similar to the 2017 bull market.

All-Time High in Sight?

With the current momentum and growing investor interest, many believe $XRP is on the verge of another major breakout. Its recent rally and $100 billion market cap mark a significant milestone. Analysts are optimistic about the token’s future, with price targets ranging from $5 to $18 and beyond. The next few weeks will be crucial as $XRP attempts to solidify its position and aim for new highs. Investors are watching closely, anticipating what could be a historic run for the cryptocurrency.