XRP Price Surge Ahead: 60% Gain Predicted as Upgrades Loom
Crypto analyst Celal Kucuker has identified a potential 60% gain in XRP's price, which could take it to $2.18 or $2.56 after activation.
This projection is based on Fibonacci Retracement levels, but Kucuker notes that these are conservative estimates compared to other discussions that see XRP reaching $10 or more.
The analyst points out that a previous XRP advance saw the cryptocurrency move from $0.99 to $1.55, followed by a pullback and recovery. He believes that with XRP now above $1.50, neither bulls nor bears are in control.
Two upcoming upgrades for the XRP Ledger, including XLS-56 and XLS-75, aim to improve corporate adoption and security requirements. Additionally, the US-based spot XRP ETFs have seen significant inflows, with about $75.6 million added last week, bringing the cumulative net assets to $1.77 billion.