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XRP price: Analysts warn of unrealistic $99!
XRP holds steady at $2.30; Analysts discuss unrealistic price forecasts and market sentiment in the crypto sector.
XRP price: Analysts warn of unrealistic $99!
On June 1, 2025, the XRP price remains stable around the price level of $2.30. After a sharp rise earlier in the month, the market has taken a breather as analysts look to the future with optimism. This positive sentiment is particularly reinforced by the comments of market analyst Tony “The Bull”, who, however, criticizes the prediction of a price of $99 as “pure fantasy”.
To rise to $99, XRP would have to increase by an impressive 4,150%. At such a price, the company's market cap would rise to around $5.8 trillion, which would be huge compared to Bitcoin's current market cap, which is around $2.2 trillion. Tony “The Bull” highlights that the higher price targets could make it difficult to achieve extreme earnings increases due to rising market capitalization.
Market dynamics and technical analysis
XRP had seen a significant increase from $0.50 to $3.39 at the end of last year, representing an impressive growth of 578%. Currently, the market's Relative Strength Index (RSI) is showing signs of strength, similar to what was last seen in late 2017, just before a significant price breakout. Nevertheless, it remains unclear whether XRP is actually on the verge of another increase, while the price of $99 is considered unrealistic for now.
The Fear and Greed Index, which acts as a sentiment barometer for cryptocurrencies, plays an important role in market assessment. This scale ranges from 0 (extreme fear) to 100 (extreme greed) and aggregates data from various sources including volatility, market dynamics and social media. Current values in the “Greed” range (55-100) indicate positive, possibly over-optimistic market sentiment.
The general market sentiment
On the other hand, a neutral value between 45 and 54 indicates balanced market sentiment, while values in the “Fear” range (0-44) indicate negative sentiment among investors, which is often accompanied by fear or pessimism.
The interaction of these factors suggests that the forecasts for XRP, although optimistic, should be viewed with caution. Market participants should continue to closely monitor developments and pay attention to the next steps in the crypto market.
For more information on the latest developments and forecasts in the XRP market, visit Newsbit and Crypto comparison.