XRP Analysts Eye $4.10 Target as Market Capitalization Forecasts Soar

Three prominent XRP analysts have shared bullish views on the cryptocurrency's future price movements. Dark Defender, a well-known market observer, identified a technical target of $4.10 for XRP based on Fibonacci extension levels and Elliott Wave theory. This analysis also highlights intermediate resistance points at $1.8815 and $2.9306.

According to Dark Defender's chart, XRP is currently consolidating and may break out through these resistance points, leading to a move towards the technical target of $4.10.

EGRAG Crypto, another prominent analyst, proposed a long-term scenario where XRP could reach $6.96 if its market capitalization grows to $500 billion by June 2029 and its circulating supply expands to 71.9 billion tokens.

However, the estimate assumes that the circulating supply will increase by about 9.1 billion tokens over several years, which may not necessarily happen as token distribution plays a critical role in these projections.