The cryptocurrency market has been on the rise again, with Bitcoin at the forefront. Last week, Bitcoin climbed above $64,000, reaching hitting a four-week high.
This move alone saw the global crypto market cap increase from $2.01 trillion to over $2.21 trillion, which is more than $200 billion in inflows. This has led analysts to become more positive about the likelihood of significant price rises across a range of cryptocurrencies, including XRP.
In a post on X, Altcoin Moe released new predictions for various cryptocurrencies, including XRP. Moe’s new price prediction for Bitcoin is that it will reach an all-time high of $115,000. If Bitcoin attains this target, it will be an 81% rise from the current price of $63,193.
Ethereum, the second most valuable cryptocurrency in the market, may perform even better. Moe believes that Ethereum is likely to increase by more than 210% to hit $8,000 from the current trading price of $2,573.
XRP expected to outperform with a potential eightfold increase
Of the altcoins, XRP is expected to have significant gains. According to Moe, the price of XRP will be $5 by the end of the year, a 745% increase from the current price of $0.59. Moe predicts that the price of XRP may rise to almost eight times if Bitcoin hits $115,000 and Ethereum $8,000.
Historically, XRP has followed a growth trajectory similar to Bitcoin. Historically, XRP has exhibited a growth pattern that is similar to that of Bitcoin. In the last bull run, the price of Bitcoin increased by 721% while that of XRP also rose by 942% to a high of $1.96.
However, Moe is also positive on other altcoins. He has set high expectations for Chainlink (LINK), Binance Coin (BNB), and Avalanche (AVAX). Moe predicts that Chainlink may surge to $125, Binance Coin may hit $1000, and Avalanche may surge to $300.
Additionally, in a recent analysis, cryptocurrency commentator Levi Rietveld predicted that XRP could have a huge price appreciation. According to Levi, this will be mainly due to the SWIFT payment system.
"XRP WILL HIT 60 OVERNIGHT WITH THIS SWIFT NEWS! Here's The Math!!"— Levi
Levi also added that the provision of regulatory certainty and the introduction of RLUSD may propel the price of XRP. The analyst believes that XRP may hit $200 per coin in the next ten years and may even cross $10 in the next one-year time frame.