Ripple (XRP) has long been waiting for its cue, a perfect timing where it could pounce and reclaim its lost price and value structure. However, the markets in general have been slow to recover, adding more pressure on leading altcoins like XRP, which is slowing them down as well. However, despite the market oddities, Tom Lee, CEO of Fundstrat, has come up with new theories, stating that Bitcoin and Ethereum are long-term horses of the crypto domain, primed to hit $1 million and $ 62,000, respectively. If Lee’s aforementioned vision comes to fruition, what will the XRP price be at the time?
Also Read: EGRAG: XRP Structure Not Bearish, Bullish Roadmap Remains Active
Tom Lee’s Bullish BTC Forecast and Its Impact on XRP
Fundstrat’s Tom Lee has often been noted for sharing ultra-bullish BTC and ETH forecasts. Lee has always given positive interviews, stating how he believes these crypto dips are temporary and that Bitcoin and Ether are both poised for parabolic future runs. In terms of Bitcoin, Lee shared how BTC may enter a supercycle, with its price hitting $1M in due time.
As far as ETH is concerned, Lee shared that Ethereum may bank on the tokenization trend, surging as high as $62K in the near future.
In the middle of this, Bitcoin price surges and dips have often had a significant impact on altcoins. That being said, if Bitcoin manages to score $1M, per GPT, this development may aid the crypto market cap to expand in trillions ($20T – $25T). This will attract massive inflows, with XRP benefiting from tokenization and early settlement rails, and ETF development. If this happens, then the price of XRP can spike up to $12 to $20. This scenario may happen only when XRP assumes a credible position in the domain, powered by XRP ETF, and the asset assumes a major settlement domain for banks and assets.
XRP Price Stats Update
The XRP price continues to hold strong, failing to fall below the $1.90 price mark, signaling strong support. In this wake, Dark Defender, the next possible price high for XRP, may range around $2.09 to $2.22.
“The bears tried hard to break $1.9884, but #XRP defended it so well. Next primary resistance—> $2.09 – $2.22 NFA.”
Also Read: XRP Struggles at $2.10, But $3 May Be Just Around the Corner
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