Ah, XRP. The cryptocurrency that’s been bouncing around like a caffeinated kangaroo on a trampoline. Today, it’s up a whopping 0.23%, clinging to its $2.15 support like a koala to a eucalyptus tree. Meanwhile, the crypto market is green, which is either a sign of prosperity or someone spilled a lot of paint. Amidst this chaos, a top analyst has declared that XRP might have already hit rock bottom. But, of course, there’s a catch. There’s always a catch.
Meanwhile, another expert has whipped out their calculator and declared that XRP could hit $15. Yes, $15. That’s not a typo. It’s either genius or madness, and in the crypto world, those two are often indistinguishable.
XRP Price Holds $2.15 Support: Has It Already Bottomed Out?
XRP is currently trading at $2.15, which is either a bargain or a trap, depending on who you ask. Its one-day volume has dropped by 25%, which is either a sign of calm before the storm or just a really slow day. The crypto’s market cap is sitting at $125.33 billion, which is a lot of zeros. Meanwhile, CoinGlass data shows that XRP Futures Open Interest has risen by 0.5%, which is either a sign of renewed confidence or just people pressing buttons randomly.
Renowned analyst EGRAG CRYPTO (yes, that’s their name) suggests that XRP might have already hit its bottom on April 7. But, of course, there are conditions. There are always conditions.
XRP Really Bottomed?
According to EGRAG, XRP needs to close a weekly full-body candle above $2.10, the 21-week EMA, and notably above $2.25. If it does, then yes, it’s bottomed out. If it doesn’t, well, let’s just say the market will come up with a new narrative faster than you can say “crypto crash.”
Meanwhile, another expert has thrown their hat into the ring, predicting that XRP could hit $15. Yes, $15. That’s not a typo. It’s either genius or madness, and in the crypto world, those two are often indistinguishable.
Ripple’s Coin To Hit $15? ETF Inflow Calculation Shows
Market expert Zach Rector has made a bold prediction that XRP could reach $15, driven by anticipated inflows from Exchange-Traded Funds (ETFs). According to Rector, JPMorgan’s estimate of $4 to $8 billion inflows into XRP ETFs in the first year could trigger a significant price surge. That’s either a brilliant insight or a wild guess. Take your pick.
A Closer Look Into The Calculation
Using his market cap multiplier model, Rector calculated that a conservative $4 billion inflow could lead to a 200x multiplier, resulting in an $800 billion increase in XRP’s market cap. Adding this to the current market cap of $125 billion would take the total market cap to $925 billion. With a circulating supply of 60 billion XRP tokens, this would translate to a price of $15.42 per token. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
Rector’s analysis is based on the market cap multiplier theory, which measures how inflows can amplify an asset’s valuation. He cited a recent example where XRP’s market cap grew by $7.74 billion in just eight hours, fueled by a mere $12.87 million in inflows, resulting in a 601x multiplier. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
While Rector’s prediction seems ambitious, industry leaders are growing more confident about the prospect of an XRP ETF. Ripple CEO has predicted that at least one XRP ETF could launch in the second half of 2025. If Rector’s analysis is correct, the anticipated ETF inflows could trigger a significant rally for XRP price, making $15 a realistic target. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
Meanwhile, this also comes as Ripple’s coin continues to witness an influx, outshining BTC, ETH, SOL, and others. A recent report showed that XRP defied the broader market trend last week when the broader digital assets space noted an outflux of over $790 million. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
Additionally, a recent Ripple price analysis also showed that the XRP ETF launch, among other factors, could trigger a short-term surge to $5.5 for the crypto. However, investors should exercise caution and conduct their own research before making any investment decisions. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
But, this prediction seems to have sparked interest in the crypto community, with many eagerly awaiting the potential launch of XRP ETFs in 2025. That’s either genius or madness, and in the crypto world, those two are often indistinguishable.
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2025-04-15 15:43