XRP is on a strong period. Since November, the price rose by more than 550 percent far beyond $ 3. This hefty revival leads to speculation among investors and analysts over a possible further increase towards the 30 dollars in the current market cycle. Is that really a feasible course for XRP?
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Dutch analyst is Bullish about XRP
Technical analyst Gert van Lagen sees a so-called double-bottom pattern in the XRP price chart, which is comparable to the period from 2014 to 2017. Then, after years of lateral movement, an explosive increase followed.
Based on a so-called Fibonacci projection, he comes to a target price of 34 dollars for the first six months of 2026. These are again predictions for the XRP course.
The optimism around the possible approval of an American ETF for XRP also plays a role. According to some forecasts, a positive decision can bring the course up to 27 dollars, near the scenario outlined by Van Lagen.
Also doubts about XRP
Yet there are also people who doubt XRP. The value of the underlying network, the XRP Ledger, is in no proportion to the activity on the platform. The total value that is locked up in the Smart Contracts of XRP is only $ 85 million.
While the market value of XRP is around $ 190 billion. For comparison, at Ethereum that ratio is a lot smaller.
In addition, more than 95 percent of the XRP in circulation is currently on a virtual profit. In earlier periods that led to sales pressure, because investors wanted to secure those profits.
Whether the XRP price can actually rise towards 30 dollars will therefore depend on both technical and fundamental confidence in the currency. In particular, the fundamental picture is still somewhat doubtful, because the activity on the blockchain lags behind the market value of XRP.
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Source: https://newsbit.nl/is-een-xrp-koers-van-30-realistisch-voor-deze-cyclus/
