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An epic and truly stunning price prediction appeared in the crypto space today when an analyst nicknamed “Amonyx” has published his outlook for XRP. According to him, the price of the popular cryptocurrency, which is currently the seventh largest, could rise by over 11,745%.
You may be asking yourself “What?” and that would be absolutely justified. Amonyx’s bullish assessment is based on the logarithmic price chart of XRPOn the chart, the analyst draws the boundaries of the price range in which XRP has been trading since 2014.
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According to the analysis, the price of XRP is currently fluctuating around the lower limit. Specifically, the token has been trading here since the end of 2021 and 11,745% is exactly the amount that XRP needs to reach the upper limit of this price range.
The prediction, accompanied by the headline “Massive Green God Candles Loading,” attracted a lot of attention, including from XRP Enthusiasts. The community’s reaction was mostly sarcastic and not many people shared Amonyx’s optimism.
Really?
Well, there is a reason for skepticism, because if XRP gains 11,745%, the market capitalization of the popular cryptocurrency will be $3.82 trillion – almost half a billion dollars more than Apple’s – and Apple is currently the largest company in the world.
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Of course, if XRP ever reaches nearly $4 trillion in USD, then either there is something seriously wrong with the economy or XRP will become the money of the world. But how likely these scenarios are depends on your own imagination.
