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The Crypto Basic 2025-03-02 11:20:33

Analyst Says Nothing is Stopping XRP from Hitting $385: Here’s Why

Analyst Says Nothing is Stopping XRP from Hitting $385: Here’s Why

Despite widespread pessimism, a notable analyst insists nothing is stopping XRP from claiming a three-digit price goal. This overly ambitious commentary came amid a prevalent bearish storm that triggered a 32.88% price drop for XRP this month, February 2025. Interestingly, the analyst cited this correction as one reason behind his optimism that a massive uptrend for XRP is on the horizon.The analyst, known as "Random Crypto Pal" on X, suggested that XRP is actually following its 2017 pattern. Recall that multiple market watchers spotlighted this trend last year, but Dom, an order book expert, argued earlier this month that the recent price action showed that XRP was no longer following the 2017 fractal.Same Pattern as 2017?However, Random Crypto Pal believes the fractal remains intact. "Same pattern is repeating for 2025. People are DUMB if they think this is not the same," he argued strongly, suggesting that the same upsurge XRP witnessed from 2017 to 2018 could repeat in the current cycle.The analyst noted that XRP rose from $0.003 to $3.31 in 2017. This disclosure was accurate, per historical data. Particularly, XRP dropped to a low of $0.003 in January 2017 amid bearish pressure. However, as it recovered, the asset soared to a peak of $3.31 in January 2018, representing a 110,233% increase. Random Crypto Pal expects this rally to repeat. In his view, the ongoing pullback is a pattern that XRP observed in April 2017, when it slumped 62% to $0.0264 after hitting $0.0695 earlier that month. Notably, after the correction, XRP recovered to $0.3988 by May 2017, faced another pullback, and then rebounded to $3.31 in January 2018.The market analyst believes, after this correction, XRP will recover to claim the $27 mark. Interestingly, market analyst EGRAG has always projected this $27 price target. However, Random Crypto Pal does not see this as XRP's ultimate goal, predicting another pullback to lower levels before a final rebound.Analyst Sees XRP at $385He projects this rebound to push XRP to an ambitious $383 price. According to him, since XRP could rise 110,233% from $0.003 to $3.31 in 2017, nothing is stopping it from exploding 99,900% from $0.385, its July 2024 low, to a peak price of $385. "The chart is clear," he quipped.Nonetheless, it bears mentioning that at a $383 price, XRP's market cap would soar to $22.1 trillion, over eight times the current valuation of the entire crypto market. In addition, this would make XRP the largest asset by market cap, surpassing gold. Such a valuation makes the $385 price highly unlikely for the asset, especially in 2025.Other analysts have projected bullish but less ambitious targets for this cycle. For one, Tony Severino indicated last month that XRP could cross $13 if its bull flag structure proves true.

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