XRP Price Could Hit $89.52 Under Viral 306% Ethereum Forecast

XRP Price Could Hit $89.52 Under Viral 306% Ethereum Forecast — Is It Likely?

• XRP-USD
• ETH-USD

• Crypto analyst Dark Defender’s chart projects XRP rising 306% against Ethereum, not gaining 306% in dollar terms.

• The target would value XRP at approximately $5.62 if Ethereum remained near $2,513, but as high as $89.52 if ETH eventually reached $40,000.

• Reaching the upper scenario would give XRP a market capitalization of over $5.6 trillion based on today’s circulating supply.

A viral forecast suggesting XRP could outperform Ethereum by 306% has fueled another round of extreme price speculation.

Crypto analyst Dark Defender has projected that the XRP/ETH ratio could climb substantially during the final stage of an Elliott Wave formation.

CCN calculations suggest the forecast could translate into an XRP price range of $5.62 to an extraordinary $89.52, based on Standard Chartered’s long-term $40,000 ETH projection.

What Does a 306% XRP Rally Against Ethereum Mean?

Dark Defender’s technical setup places XRP in a fourth-wave correction against Ethereum before a projected fifth-wave advance toward 0.002238 ETH per XRP.

That target sits roughly 306% above the chart’s starting level.

CoinGecko data placed the XRP/ETH ratio at approximately 0.0005517 on Sept. 14, with XRP trading near $1.39 and Ethereum around $2,513.

If Ethereum remained at that price, multiplying it by Dark Defender’s targeted ratio would value XRP at around $5.62.

That would still represent an increase of more than 300% from XRP’s current dollar price.

But the outcome changes significantly if Ethereum rises or falls before the ratio target is reached.

At $4,000 per Ethereum, the same XRP/ETH ratio would produce an XRP price of $8.95.

An Ethereum rally to $10,000 would raise the implied price of XRP to $22.38.

The most extreme scenario comes from combining Dark Defender’s ratio with Standard Chartered’s forecast that Ethereum could reach $40,000 by 2030.

Under those conditions, XRP would trade at $89.52.

Could XRP Price Really Reach $89.52?

The calculation is straightforward. However, the actual route there makes it much harder to justify.

XRP currently has approximately 62.88 billion tokens in circulation

At $89.52, that circulating supply would give XRP a market capitalization of roughly $5.63 trillion. That is more than double the entire crypto market’s current value of $2.73 trillion.

As well as this, the actual requirement could be higher by 2030 if more XRP enters circulation from Ripple’s escrow holdings.

Even the more restrained $22.38 scenario, based on Ethereum reaching $10,000, would value XRP at around $1.4 trillion.

Source: finance.yahoo.com