Crypto analyst Amonyx has made a highly optimistic prediction for XRP, anticipating a massive 'giga pump' that could elevate the cryptocurrency's price by almost 80,000% to a target of $400. This prediction, based on Elliot Wave theory, suggests an imminent substantial rally for XRP.
Amonyx's assertion follows his previous projection of a rise to $50-$57, indicating his growing bullish outlook on XRP's trajectory. This shift in sentiment could be influenced by recent filings for XRP ETFs by Bitwise and Canary Capital, potentially attracting institutional investors and driving price increases.
The prediction also hinges on the anticipated settlement between Ripple and the SEC, which could open the door for ETF approvals and confirm that XRP is not viewed as a security by regulators. Such developments could eliminate legal hurdles and pave the way for substantial inflows into XRP.
While Amonyx's prediction is ultra-bullish, other analysts like Jaydee and Egrag Crypto present more conservative targets, suggesting new all-time highs (ATH) for XRP ranging from $5.89 to $6.5. The consensus among analysts is that XRP will at least achieve a new ATH during this bull run.
CrediBULL Crypto anticipates a potential rise of XRP to $10, in line with the expectation for ETH to hit $10,000. Meanwhile, XRP's price remains stable, consolidating between $0.5 and $0.6, but analyst Dark Defender predicts an 'extraordinary' breakout shortly.
