XRP Price: Here’s What Has Been Driving The Calls For 1,000% | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP community has been making calls for a 1,000% surge in the XRP price. This comes following Ripple CEO Brad Garlinghouse’s symbolic reiteration of his support for XRP, which provides a bullish outlook for the altcoin

XRP Price Gets Boost As Ripple CEO Declares 1,000% Support

In an X post, Brad Garlinghouse put out the caption ‘1,000%,’ in which he was alluding to his support for XRP and the community as a whole. The community has described this post as being bullish for the XRP price and even called for a surge of 1,000%. Garlinghouse’s post came in response to a post by Digital Asset Investor, a prominent XRP community member

Related Reading: XRP Price At $27: Guardian Arch Formation Predictions 1,000% MoveDigital Asset Investor drew attention to the tattoo that the Ripple CEO had gotten following his firm’s victory against the SEC, when Judge Torres declared that XRP was not a security. Garlinghouse’s tattoo featured the XRP logo, which included the date ‘07-13-2023’, representing the day Judge Torres issued this ruling. Back then, the XRP price surged as much as 25% following Judge Torres’ ruling

Digital Asset Investor’s caption highlighted the significance of Garlinghouse’s tattoo and how it indeed showed the Ripple CEO’s support for XRP. He claimed that for someone like Garlinghouse, who boasts a Harvard MBA, to have gotten a tattoo, it means that he has “thought it through and knows it is only going to change in a good way.” He then urged the community to lock in, just like Garlinghouse, who has zero doubts about XRP’s trajectory

Garlighouse had earlier urged the community to “lock in” following his announcement of Ripple’s decision to drop the cross-appeal against the SEC. He also stated back then that his firm is focused on building the ‘Internet of Value.’ This is a significant boost for the XRP price, given its role in Ripple’s payment services

XRP Can Indeed Rally 1,000%

Crypto analyst Egrag Crypto has indicated that the XRP price can indeed record a 1,000% rally. In an X post, he revealed that the altcoin was forming a classic ‘W’ pattern. He then revealed that $15, $22, and $40 are the conservative, average, and optimistic targets, respectively, to watch. A rally to $22 will represent a surge of around 1,000% from the current XRP level

Related Reading: Is There A “Secret XRP Ledger” And Is The Price Really At $1,000?Egrag Crypto had also earlier alluded to historical cycles as the rationale behind why the XRP price can reach between $9.5 and $37.5 in this market cycle. He claimed that a repeat of Cycle 1 could lead to an XRP rally of 2,000% to $37.5. On the other hand, if the altcoin mirrors Cycle 2’s performance, then it could record a gain of 455% and reach $9.5.

Source: Egrag Crypto on XAt the time of writing, the XRP price is trading at around $2.22, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.2 on the 1D chart | Source: XRPUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.