XRP’s price may soon surpass $3, following Ethereum’s trajectory as ETH hits VanEck’s $22,000 price target. The current cryptocurrency market is volatile, with Ethereum and XRP seeing significant declines. Ethereum typically moves in correlation with Bitcoin, and XRP usually follows suit during market trends.
With Bitcoin trading below $65,000 and Ethereum below $3,500, XRP also trades below the $0.50 support level. Experts believe that all three assets will experience similar surges once the market recovers.
VanEck predicts Ethereum reaching $22,000, following the U.S. SEC’s partial approval of spot Ethereum ETF filings. This optimistic outlook on Ethereum could lead to significant growth and potentially impact the wider cryptocurrency market, including XRP.
If Ethereum reaches $22,000, representing a 540.60% increase from its current price, XRP could potentially see a substantial jump as well. Applying this percentage increase to XRP’s current price of $0.4783, XRP could potentially reach around $3.065.
While this price is below XRP’s all-time high of $3.31, it still signifies a significant level for the crypto asset to potentially surge even higher. Market analysts have set more substantial targets for XRP price, with projections ranging from $36 to $49.
Disclaimer: This content is informational and not financial advice. The views expressed in this article are the author’s opinions and do not reflect The Crypto Basic’s opinion. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.