Analyst Says XRP Surge Will Bring Millions with Parabolic Growth: Here’s the Timeline

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Analyst Says XRP Surge Will Bring Millions with Parabolic Growth: Here’s the Timeline – Crypto News

Published

7 months ago

September 23, 2024

Dripp

In the last seven days, the crypto market had quite a boost, causing most cryptos to rise in value, including the Ripple token, XRP. This uptrend has pushed the global market cap to $2.22 Trillion and the volume of trades to $72. 41 Billion. It is significant considering the early September days when the market was down. As the conditions have improved since the Fed 50bps interest rate cuts, social media platform users and crypto analysts are full of bull run predictions and upcoming gains. One such crypto analyst has also highlighted the possibility of making millions with the XRP price rally.

XRP Surge To Make Millions With Parabolic Growth

A crypto analyst, Crypto Bitlord, believed “XRP is ready” despite its poor performance on the charts. The Ripple native token has been controversial for years due to its poor performance, making this statement controversial, but with the Ripple Vs. SEC lawsuit moving towards the end, a positive sentiment is surrounding this altcoin.

The token has also moved barely on the charts, with a 2% surge in the weekly periods. However, despite that, Crypto Bitlord believes a parabolic explosion is about to happen vertically in the next 24 hours. Additionally, he warned the crypto investors not to sleep on this opportunity, as they can make millions with this move.

I think $XRP is ready

-Expecting a parabolic explosion vertically within 24hrs.

Don’t sleep, millions can be made timing this move 🚀

— Crypto Bitlord (@crypto_bitlord7) September 22, 2024

More importantly, he claimed that his last call on the Ripple token made billions for people, and the same will happen this time. He posted this on Sunday evening, and hours have passed since this post, but the XRP price has shown no similar bullish movement. Instead, the price has dropped 1% today, currently $0.5856, with a market cap of $33,040,851,830. Even the trading volume is down by 12% in the last 24 hours, indicating investors’ concern over this crypto.

Ripple Price Can Hit $100 If This Happened

The crypto industry has hundreds of crypto analysts who have often commented on the Ripple price trajectory. One such analyst, Crypto Tank, has presented a condition, revealing the possibility of the token price hitting $100 if it captures 10% of the SWIFT’s daily handle transaction volume.

SWIFT, which is a Society for Worldwide Interbank Financial Telecommunication, handles $5 trillion in daily transactions (based on June 2022 data). If the Ripple token succeeds in securing even 10% of this volume, its price will boom. On calculations, this will bring the trading volume of the token to around $500 billion, which is more than 500X from the current value of $987,752,558. This makes the Crypto tank’s conditions hard to fulfill in the current market conditions.

Do yourself and your mental state a favor and stop listening to all these charters predicting different $’s. Most have Zero clue. Just to give you an idea, 10% of Swift daily volume is a $100 XRP. Now add in hundreds of Banks volume globally. Impossible to chart what’s happening.

— CryptoTank (@Tank2033js) September 15, 2024

It has also divided the crypto community in two, with many favoring the possibility of this happening due to their support, while others have their doubts.

Final Thoughts

After a minor recovery in the XRP price to $0.6058, the token has again moved down, currently at $0.5856. It has officially failed the Crypto Bitlord’s prediction of seeing a parabolic growth vertically in the 24 hours of his posts. His post has brought joy among Ripple token holders as it is a much-awaited moment. However, the disappointment has taken over again with the eyes on the possibility of this happening one day.