XRP Eyes $27 With 750% Surge, Solana Target at $1,100

• Analyst Matt Hughes predicts XRP could surge 750% to $27.
• Solana is also gaining momentum, with Hughes projecting a potential rise to $1,100, up from its current $243.
• Bullish sentiment is fueled by institutional adoption, Ripple’s partnerships, and potential ETF developments.

XRP continues to strengthen its position above the $3 mark, having gained more than 13% in the past week. The rally comes after the token briefly slipped below $2.70 earlier this month, only to rebound with renewed strength. At press time, XRP traded near $3.17, up 5% over the last 24 hours. 

This steady move has lifted confidence among both traders and long-term holders, who are now eyeing bigger upside targets.

750% Surge in Sight: $27 Target on the Horizon

Analyst Matt Hughes has identified an ambitious path ahead for XRP using a long-term Fibonacci extension. According to his analysis, XRP’s next potential price checkpoints stand at $8.30, $13.40, and a top target of $27.

If XRP were to climb to the highest projection, it would translate into an extraordinary 750% increase from current levels. For example, an investor with 40,000 XRP could see their portfolio’s value swell beyond $1 million.

Even Hughes’ more conservative targets between $8 and $13 suggest a 3x to 4x gain, reinforcing the bullish sentiment. This outlook echoes well-known XRP analyst EGRAG, who has also consistently pointed to the $27 region as a possible peak during this cycle.

Related: Top Altcoins Are Outperforming Bitcoin: Is Altcoin Season Here?

Solana Forecast: $670 Near Term, $1,100 Longer Term

In his analysis, Hughes added a playful remark: “XRP wants to play too.” The comment suggests that XRP could soon mirror the kind of explosive gains seen in other leading altcoins. His optimism comes as he also outlines a similarly bold forecast for Solana (SOL).

Solana’s price action has been equally striking. Currently trading around $243, the token has climbed nearly 20% in the past week and is approaching its previous all-time high of $294. 

After briefly surpassing that high in January before sliding to $96 in April, SOL has surged over 100% since that low.

Hughes foresees a near-term target around $670, a threefold rise from today’s price. But his most ambitious call puts Solana at $1,100. Such a rally would push Solana’s market capitalization to roughly $600 billion.

While eye-catching, that valuation remains well below the staggering $1.58 trillion market cap XRP would command if it reached Hughes’ projected $27 level.

Skepticism vs. Bullish Catalysts

Despite the bold predictions, some market watchers remain cautious, questioning whether XRP can realistically achieve such a massive valuation in the near term.

However, XRP advocates argue that the target is far from impossible. They point to Ripple’s growing enterprise partnerships, the potential for ETF launches, increased institutional adoption, and treasury diversification as catalysts that could propel the asset toward these lofty goals.

Related: BlackRock’s Presence at Ripple’s Event Sparks Speculation on XRP ETF Future