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According to CoinGecko’s data, despite a weekly price drop of over 4%, confidence among leading crypto analysts remains high for XRP. Analysts on the popular social media platform X offer various optimistic forecasts for Ripple‘s XRP, with some suggesting that March could be a historic bull run month for the altcoin.
Analysts Attract Attention with Bold Price Predictions
One of the optimistic predictions came from XRP Whale, who foresees the upcoming month as a historic one for XRP, claiming the altcoin could rise above $10 in March. The analyst also cautioned about significant turbulence during this rise.
Another crypto analyst, EGRAG CRYPTO, shares XRP Whale’s optimism and predicts an even higher peak for the altcoin. By comparing XRP’s 2017 performance with the current “bottom of the cycle,” the analyst expects a rise to $27, believing XRP only needs to increase 7 times from its 2017 levels to reach this target.
Current Status of XRP
Current data shows XRP trading at $0.5364, down 1.37% in the last 24 hours. For XRP to reach the $10 level indicated by XRP Whale, it would require a rally of 1,764%, while reaching EGRAG CRYPTO’s $27 level would mean a 4,933% rally.
These ambitious growth forecasts come at a time when discussions about XRP’s potential for a significant rise this year are starting to emerge in the crypto world. Despite facing significant challenges recently, analysts remain hopeful about future expectations and continue to spread optimism.
Nevertheless, investors need to act cautiously and be aware that the indicated target price levels are speculations.
