XRP Price To Still Rally To $1,000

Crypto analyst BarriC has asserted that an XRP price rally to between $10 and $20 would only be the start for the altcoin. The analyst still expects the token to rally to four digits and has in the past explained why he believes such an ambitious price target is possible.

Crypto Analyst Predicts XRP Price Could Yet Soar To $1,000

In an X post, BarriC stated that a potential rally for XRP to between $10 and $20 is just the beginning. He added that the long game for the token is still $1,000. The analyst urged market participants to be prepared for life-changing and generational wealth.

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Unpredictable surprises can create some great opportunities in life. They can also lead to life-changing and generational wealth if you're prepared and play the long game. Like the long game for XRP is still $1k. But we starting with $10-$20 range. Then $100. Get ready!

— BarriC (@BarriCcrypto) September 8, 2023

In his other X post, the analyst provided a roadmap for how it can reach four digits. He stated that once the token reclaims $3, it will move rapidly to $5. The analyst predicts that the altcoin will then skyrocket into double digits, sitting comfortably at between $10 and $20 as a new all-time high.

However, BarriC believes that is just the start for XRP as it will still reach $100 and then $1,000. He asserted that these price targets will happen much sooner than people think.

The analyst explained that once banks and financial institutions throughout the world adopt and utilize XRP in the way they conduct finance, the altcoin will skyrocket to $1,000. He stated that investors can still accumulate the token at around $2, which means that banks aren't utilizing it yet.

The analyst said that this fact ties into a point he made previously. BarriC stated that once people realize that the token's price went from $0.006 to $3.80 in 2017, they will understand why he believes that such a parabolic surge is possible.

The altcoin is approaching key resistance levels following its latest surge, according to crypto analyst CasiTrades. In an X post, she highlighted $2.69 as the major resistance, as this price level is also the .236 Fib retracement from the all-time high (ATH) and a key level to watch for a correction.

Discussing the current price action, she noted that what stands out is the continued price increase despite low momentum and a completed 5-wave count. The analyst remarked that this slow, controlled push higher usually signals strong underlying demand, a strong trend, and heavy accumulation.

If the XRP price breaks and holds above $2.69, it would open the door for an explosive move toward $3, CasiTrades said. However, if the token doesn't manage to hold this level, it could record a short-term dip toward $2.30 for a reset.

At the time of writing, the XRP price is trading at around $2.50, up nearly 5% in the last 24 hours, according to data from CoinMarketCap.