Prominent market watchers claim that XRP could gain nearly 8x if Bitcoin reaches $115,000 or Ethereum reaches $8,000.
Last week, the cryptocurrency market turned bullish as Bitcoin hit a four-week high of $64,000. This new optimism is reflected in the global cryptocurrency market capitalization, which today has increased from just over $2.01 trillion to just over $2.21 trillion. In other words, more than $200 billion has flowed into the crypto market in less than a week.
Amid this booming market, analysts are revising their outlooks on prominent cryptocurrencies and predicting a promising future for assets like XRP as market sentiment strengthens.
“Altcoin Moe”, one of the famous traders, recently updated his predictions for several assets. In a recent post on X, Mo shared price predictions for XRP and 27 other cryptocurrencies.
Bitcoin to $115,000, Ethereum to $8,000
As expected, Bitcoin led the pack, with traders saying they expected a new all-time high for Bitcoin in the $115,000 price range. At the time of reporting, Bitcoin is worth just $63,193. To reach the $115,000 target, the premier cryptocurrency will need to grow an additional 81% in this ongoing bull market.
Meanwhile, for Ethereum, the king of altcoins, traders are expecting even better price returns for investors. Specifically, Mo predicted that the price of Ethereum could reach $8,000 during this bull run. This represents a profit of over 210% from the current price of $2,573.
In particular, he emphasized that these targets for Bitcoin and Ethereum are realistic predictions for this bull market. This trader outlines a promising outlook for Bitcoin and Ethereum, but in this regard he suggests an even better future for top altcoins like XRP.
XRP price prediction when Bitcoin reaches $115,000 and Ethereum reaches $8,000
Trader Mo pointed out that a realistic target for XRP this season is $5. XRP is worth approximately $0.5908 as of today. This $5 prospect equates to a massive ROI of 745% from current prices.
Essentially, Mo predicts that as Bitcoin rises 81% to reach its new ATH of $115,000, XRP will experience even more commendable growth and see a nearly 8x price increase. are.
It is worth noting that during the last bull market, Bitcoin recorded a cumulative growth of 721%. XRP followed a similar growth trajectory, rising 942% when the bulls encountered resistance at $1.96.
While this gain is commendable, XRP enthusiasts believe that XRP could have performed even better had it not been for the SEC lawsuit at the time that scared many away from XRP.
However, it is generally believed that this lawsuit has been concluded and that XRP will once again experience explosive growth similar to 2017.
Additionally, Mo is bullish on other top altcoins, including Chainlink (LINK) with a $125 target, Binance Coin (BNB) with a $1,000 target, and Avalanche (AVAX). expects it to reach $300.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
