XRP price is in the spotlight at the moment, scoring more than 90% in the past week with projections of a higher surge
Brett, a renowned crypto analyst on X, has boldly predicted the XRP rally. The analyst cited insights from Brian Kelly’s CBNC Fast Money. According to Brett, XRP’s prolonged consolidation appears to have created momentum for a notable price rally.
XRP Price Momentum Building for a Massive Upswing
Brett’s post conveys a highly optimistic and speculative sentiment about XRP’s potential for massive price appreciation.
His statement, “the Bigger the Base, the Higher in Space,” sets the stage for a significant price breakout. He compares the uptick that could happen to a rocket launching into space after building up thrust momentum.
Brett maintains that XRP’s rise is not just another crypto pump. The price surge does not appear to be short-lived or artificial. Instead, he suggests several factors have fueled the ongoing rally.
🚨The Bigger the Base, the Higher in Space 🚀 XRP Isn’t Just Another Crypto Pump—It’s Set for a 2017-Style Parabolic Rally!#XRP Could Easily Skyrocket Over $100 in a Day, Eyeing a 30,000% 🤯$XRP 🚀🌖 pic.twitter.com/vfVveTRV5V
— Brett (@Brett_Crypto_X) November 30, 2024
These include XRP’s utility and adoption, the anticipated favorable regulatory landscape as of 2025, and other macroeconomic catalysts. Brett believes the price surge remains sustainable.
In a prediction that shocked many, Brett says XRP has the potential to surpass $100 as it eyes a staggering 30,000% climb. The analyst’s optimism lies in XRP’s performance, mirroring its historic parabolic rally of 2017.
Furthermore, besides Brett, other crypto analysts have stated that XRP’s consolidation has lingered for over six years.
XRP slipped into consolidation after hitting its all-time high (ATH) of $3.84 in early 2018. Now that the price is experiencing a resurgence, many anticipate astronomical spikes. Already, the asset has breached the $2 resistance level and has continued to climb.
Hyper-Bullish Scenario or Market Caution?
Brett’s dramatic prediction of 30,000% reflects a hyper-bullish scenario where the price skyrockets by an astronomical percentage. Experts say that while anything could happen in the crypto market, investors must be cautious.
They agree that XRP could hit a new level as positive market sentiments have favored XRP this year. Those who are optimistic of an astronomical climb insist that not many would have agreed that XRP will flip $2 this year.
ChatGPT hinged its $2.5 level prediction on other factors, such as the US SEC approving the spot XRP ETF application.
As of this writing, XRP is less than 30 cents away from breaching the $3 level. XRP is trading at $2.706, an 18.14% increase in the last 24 hours. Meanwhile, heightened investors’ interest has increased XRP’s market volume by 342.17% to $54.68 billion.
XRP has soared to $2.85 in earlier trading before losing a few cents.
Right now, XRP is one of the keenly followed altcoins as investors have bet on the asset to rake in profit for their investments. How far XRP can go in this ongoing rally remains unknown.
One certainty is that investors and traders alike would want the momentum sustained.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
