XRP breaks 3 USD and reaches its highest level in 7 years

Crypto expert makes astonishing prediction: ‘XRP price could rise to 10,000 USD’

Versan Aljarrah, founder of Black Swan Capitalist, shares a remarkable vision for Ripple, the world’s third-largest cryptocurrency. In a recent tweet, Aljarrah explained that owning Ripple goes far beyond a simple cryptocurrency investment. In his opinion, XRP provides access to an essential component of the future global financial system.

“XRP is not just a crypto asset,” said Aljarrah. “It is a key to the new financial system.”

“XRP represents more than just wealth”

According to Aljarrah, Ripple plays a crucial role in the advancement of global finance. He stressed the importance of protecting XRP tokens and storing them in non-custodial wallets. For him, Ripple not only represents wealth, but also serves as a gateway to a whole new financial ecosystem.

His statements reflect the optimism within the XRP community about the future of the digital currency. Last month, investment coach Linda Jones even compared owning Ripple to owning early shares of Berkshire Hathaway, encouraging investors to be patient and bet on long-term gains.

Bold predictions for XRP

Aljarrah is known for his ambitious predictions about the Ripple market. His current statements follow on from previous bold claims. In August 2023, for example, he said that owning Ripple could be like owning part of the global money supply. He sees a great future for XRP if the XRP Ledger becomes the leading platform for tokenizing global assets.

He also claimed that a 5,000 USD investment in Ripple could grow to over 2 million USD, citing XRP’s historic price increase, which rose from 0.0065 USD in January 2016 to 3.84 USD in January 2018. During that peak, a 5,000 USD investment would have actually reached 2.95 million USD. Although critics point to current market conditions that make such returns difficult, Aljarrah remains optimistic about XRP’s future.

“An XRP price of 10,000 USD is inevitable”

In an interview with Edoardo Farina, CEO of Alpha Lions Academy, Aljarrah made a bold statement, stating that an Ripple price of 10,000 USD is “inevitable.” He believes that central banks and financial institutions will set a high starting price for Ripple, similar to how they price IPOs. This is necessary to secure XRP’s role in large financial transactions.

Comparing this potential growth to that of Bitcoin, Aljarrah believes that XRP’s unique applications in the global financial system make such a valuation realistic. However, critics remain skeptical, pointing to the huge impact on market capitalization, dismissing such predictions as unrealistic.

XRP Price Analysis

XRP is currently experiencing a pullback after a strong upward move. The market is testing critical support levels, and traders should watch for a potential bounce or breakdown.

Technical Analysis:

• Current Price: $3.07251
• Support & Resistance:
  • Key Support: $3.00, with additional levels around $2.95 and $2.85.
  • Key Resistance: $3.15 – $3.20.
• RSI (14, close): 38.02, indicating the asset is near oversold conditions but not yet at extreme levels.
• Volume: Noticeable spikes in volume during price drops, suggesting profit-taking or selling pressure.
• Heikin Ashi Candles: Show increased volatility but no clear trend reversal yet.

Trend & Strategy:

1. Bullish Scenario: If XRP holds $3.00, we may see a rebound towards $3.15 and higher.
2. Bearish Scenario: A breakdown below $3.00 could push the price down to $2.95 or $2.85.
3. Trading Strategy:
   • Short below $3.00, targeting $2.95.
   • Long if XRP rebounds from $3.00, aiming for $3.15 – $3.20.

Conclusion:

XRP is at a crucial support level, with the next move depending on whether bulls can hold $3.00. Traders should monitor volume and RSI for confirmation before entering a trade! 🚀📉