XRP’s Price Ceiling: Top Trader Dismisses $99 Target

A top trader, Tony The Bull Severino, has dismissed the notion of XRP reaching $99, highlighting that this seemingly optimistic prediction is unrealistic. While some investors hold out for a surge, Severino contends that such a dramatic price jump is improbable. Currently trading around $2.03, XRP remains significantly distant from its ambitious target. 7-year market lows indicate a period of consolidation and potential growth. The RSI on the monthly chart suggests strength, but even considering this, a price increase to $99 would require an unprecedented surge – potentially exceeding Bitcoin’s market capitalization. This unlikely scenario is not feasible unless XRP becomes the global currency, a concept that remains purely speculative. On-chain metrics reveal a consistent yet moderate increase in transaction volume, rather than a sudden acceleration. While there are recent signs of increased network activity and payment volume, this isn’t significant enough to trigger such an extraordinary rally. The current structure suggests only modest gains above the $2.05 level. The price ceiling remains firmly set at around $3-$4. For now, $99 is a pipe dream, and traders should maintain realistic expectations for XRP’s performance. Keep an eye on breakout attempts beyond this point but avoid overly optimistic expectations.