XRP Price Prediction: OG Community Member Places the Token at Two Digits by the End of 2023

Alex Cobb, a popular XRP community OG, has stirred fresh optimism with a bold projection that places XRP at two digits by the end of this year.

Drawing on technical and macroeconomic factors, Cobb argued that XRP’s long consolidation phase and favorable regulatory developments are setting the stage for a historic breakout.

Long Consolidation Is Strength, Not Weakness

Cobb pointed to XRP’s multi-month price structure as a major reason for his confidence. He highlighted that XRP didn’t rally to a swing high of $3.40, consolidate for several weeks, and manage to retest a key support level, only to fall back to $0.60.

His statement aims to dismiss widespread calls for a major XRP retracement since the coin touched $3 in January. For instance, trader Crashius Clay once boldly asserted that XRP would “dump the hardest” among prominent crypto assets, disclosing his short position. Other analysts have even projected a likely drop below $1.

However, these bearish predictions have yet to materialize. The April tariff-related FUD, which sent broader crypto markets tumbling, failed to break XRP’s structure.

Cobb emphasized that the weight of pessimism at the time should have crushed XRP’s price. To put this in perspective, the U.S. stock market lost $10 trillion in days, while Bitcoin tanked to its lowest point of the year at $ 74K.

Meanwhile, XRP fell to $1.61 and has since rebounded above $2.50 as of today. According to Cobb, this rebound signals that the downside risk has already been tested and rejected. As a result, he expressed strong conviction in XRP’s strength and performance for the remainder of this cycle.

Regulatory Clarity and Institutional Green Lights

Another factor fueling his optimism is the emerging trend of regulatory green lights for crypto assets. Major agencies, including the FDIC and Federal Reserve, have lifted previous restrictions on banks’ engagement with crypto.

Cobb believes this marks a turning point for XRP. With regulators signaling approval and infrastructure improving, banks and institutional investors are now poised to “play ball,” he said.

Trump’s Support for XRP

Perhaps most notably, Cobb highlighted political backing for XRP as a game-changer. President Donald Trump, in March, mentioned XRP by name and suggested its possible inclusion in a U.S. national crypto stockpile.

Such recognition from the highest tier of government adds weight to the narrative around XRP. As a result, even longtime XRP critics like Davinci Jeremie have suggested the token could rise to $24 this year.

On-Chain Ecosystem and Ripple’s Strategic Moves

On the other hand, Ripple is also fueling bullish momentum with what Cobb describes as “aggressive acquisitions.”

Notably, the company acquired Hidden Road for $1.25 billion last month. This prime broker will migrate its post-trade transactions to the XRP Ledger.

Cobb also cited rumors that Ripple may be pursuing a new acquisition deal with Circle, the second-largest stablecoin issuer behind Tether. He sees all these developments as bullish for XRP.

Also, RLUSD activity, increased total value locked (TVL) from automated market makers (AMMs), and meme coin participation are boosting network activity. They position the XRP Ledger as a rising DeFi and liquidity hub.

Targeting $11.34 by End of 2025 with Room for More

Having held XRP since 2017, Cobb believes the stars are aligning. In his words, all the puzzle pieces are coming together “for the perfect XRP price explosion.”

His conservative price target stands at $11.34 by the end of 2025. Since he considers this a minimum, he sees the potential for even higher valuations if institutional capital floods in.