Cryptocurrency analyst Vincent gave reasons why the price of XRP could go up to $10,000 at some point. This comes amid XRP’s recent surge, with the cryptocurrency now targeting its current highest level ever (ATH) amounting to $3.8.

Why XRP price could reach $10,000

In a post on X, Vincent revealed that he consulted ChatGPT and the AI ​​chatbot told him that the price of XRP could easily reach $10,000 per coin. XRP market capitalization this is one of the reasons that has been used as an argument why the cryptocurrency cannot reach this price level. The analyst said ChatGPT also invalidated the market cap argument, stating that monetary market cap is an invalid metric.

Vincent did not provide a timeline for when ChatGPT stated that the XRP price could reach such an ambitious price target. However, he mentioned that he had discussed it Ripple with an AI chatbot. This suggests that ChatGPT may have taken Ripple’s impact into account before making its $10,000 prediction.

Indeed, Ripple could play a major role if the XRP price is to approach or achieve its $10,000 target. Predicting that XRP could reach $1,000, cryptocurrency analyst CryptoTank alluded to Pulsating payments and cited an example where a crypto company’s payment rails are used to process most cross-border transactions.

XRP operate cases will escalate as Ripple’s payment service is massively deployed, providing a bullish outlook for the XRP price. Meanwhile, it is also worth mentioning the XRP ETFs, which are also bullish. The U.S. Securities and Exchange Commission (SEC) may approve these funds next year, especially for pro-crypto reports Paul Atkins could fill in Gary Gensler.

These funds would result in an influx of institutions into the XRP ecosystem, triggering a significant price escalate. However, it remains to be seen whether they will be able to escalate the value of the cryptocurrency to five figures.

Rising to double digits this cycle

Cryptocurrency analyst amidst this lofty $10,000 XRP price prediction Crypto Mikybull predicted that the cryptocurrency could surge to double-digit levels this market cycle. This came as the analyst claimed that XRP was giving 2017 a rally vibe, indicating that the cryptocurrency could replicate its legendary surge of over 61,000% during the 2017 bull market.

In line with this, the cryptocurrency analyst has predicted that the XRP price will hit $2, experience a pullback, and then continue its vertical hate rally to a fresh cycle high likely at $10. Using Elliott wave theory, cryptocurrency analyst Gloomy Defender predicted that XRP could go up to $18 in this bull market.

At the time of writing, XRP is trading around $1.90, up over 18% in the last 24 hours, according to data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com