XRP Headed to $100? Analyst Points to Michael Saylor Claim

The crypto market has grabbed quite a momentum in the last few days, moving parallel with Michael Saylor’s forecasts. However, today, the market had a break, where it faced a minor downtrend. As a result, the global market cap is down by 1.17%, currently at $2.37 Trillion, and the trading volume has declined 13.21% to $64.5 Billion. This drop’s impact is also visible in the altcoin, including XRP price, which had steady growth over the week but not anymore. However, this is quite common for this Ripple token, as it has disappointed the holder for seven years now.

However, the favorable situations are not far, as the new updates like the Grayscale beginning XRP Trust, Ripple Vs SEC lawsuit reaching an end, possible listing on the crypto exchanges, etc, are to bring heavy gains. Based on this and a few other factors, especially Michael Saylor’s claim, a crypto analyst has forecasted the Ripple price to hit $100.

Michael Saylor’s Predictions Indicate at XRP Price Rally

Michael Saylor is a prominent figure in the crypto industry due to his unwavering support for Bitcoin. This support is visible in his company, Microstrategy, which has been buying BTC for years. With this, it has become the largest corporate holder of crypto assets. Michael is also widely followed by crypto investors due to his constant predictions about the crypto market. That is why one crypto analyst, Rietveld, analyzed Michael Saylor forecast, where he claimed that Bitcoin would become 7% of the world economy. 

BREAKING: $XRP WILL HIT $100! Michael Saylor pic.twitter.com/NCeYTXhYyf

— Levi | Crypto Crusaders (@LeviRietveld) September 25, 2024

Based on this forecast, the Bitcoin price will rise to $14 Million with an annual growth rate of 44%. Additionally, this will boost the entire growth market, making it worth $546 trillion. This prediction gained Rietveld attention, and he calculated the impact of this BTC price growth on the Ripple token.

As per Rietveld’s analysis, it will surge to $100 and even higher based on this 20,300% growth of BTC. More importantly, he highlighted that Bitcoin will achieve this $14M by 2045, but XRP rice will gain $118 by 2025.

Will XRP Really Hit $100 Mark?

The crypto market is full of ifs and buts, which could change the future of any crypto asset. In this series of ifs and buts, the crypto analysts are also divided on the XRP’s price performance. It is because the token has a successful history and is still in demand, where it is one of the top cryptocurrencies. However, its charts state a different story, as XRP price is stuck at the average of $0.5, currently at $0.5871.

Based on demand, even with this poor performance, the Ripple token has the potential to rise to new highs. Yet, in the ongoing crypto market conditions, the possibility of XRP hitting the $100 mark is almost zero. However, significant growth is possible in the long run, as this crypto analyst forecasted. If all the conditions turned in its favor, like the upcoming Bull Run and the end of the Ripple Vs SEC lawsuit, the XRP price might hit $100, but it is uncertain when that will happen. Interestingly, if the Michael Saylor forecast and Rietveld’s analysis came true, this would happen by the next year.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.