RATE Group | Analyst Suggests Ripple’s XRP Will See 100,000% Rally; Can It Happen?
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Analyst Suggests Ripple’s XRP Will See 100,000% Rally; Can It Happen?

08 Jan Analyst Suggests Ripple’s XRP Will See 100,000% Rally; Can It Happen?

Posted at 12:33h in Ethereum News by

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XRP To Hit $224?

Cryptocurrency character and analyst Bitlord recently posted the chart below, noting that XRP is showing signs that it is on the verge of rallying over 100,000% to $224.

For some reason, this sensationalist tweet went crypto-viral, generating hundreds of likes and sparking mass excitement above the supporters of the XRP cryptocurrency.

Likely Impossible, Numbers Suggest

While many believers in the XRP currency have faith in this prediction, it seems entirely irrational from a strict numbers perspective. Right now, the cryptocurrency has a circulating supply of 43,366,238,611 tokens, according to data from CoinMarketCap, or a liquid supply of around 28 billion tokens, per data from Messari’s OnChainFX market screener.

Even if we take the lower of those numbers — Messari’s…

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