XRP to Hit a Bullish ATH Target of $100,000, Analyst Explains How XRP Price Can Skyrocket to Six Figures

• Reputed analyst says XRP to hit a bullish ATH target of $100,000 this bull cycle.
• He goes on to break down the reason behind this explosive expectation. 
• The more assets tokenized on the XRP Ledger, the higher XRP price will go.

As the altseason peak phase dawdles, analysts take a closer look at what altcoins to accumulate before the peak phase arrives and capable altcoins shoot up to hit new ATHs. Ripple’s XRP emerges as one of the most bullish assets this bull cycle, so much so that one analyst expects XRP to hit a bullish ATH target of $100,000. 

XRP to Hit a Bullish ATH Target of $100,000

While analysts still debate about when exactly this $100,000 ATH price could arrive for XRP, chances are in a market as volatile as crypto a $100,000 XRP ATH this bull cycle could happen though chances for this to occur in later cycles is also possible. As we can see from, the post above, this analyst says that XRP continues to have the most beautiful bullish monthly chart. 

How Can XRP Hit $100,000 Price?

Supporting the $100,000 XRP price, the analyst in the post above explains how this could be possible. In the video, the analyst says that many top experts expect the XRP price to hit $100,000 at least, hinting that it could go even higher following the target claim. As to how, the analyst says that once massive entities start tokenizing assets on the XRP Ledger and holding value on the XRPL, the supply of XRP available to use for on-demand liquidity will fall.  

In conclusion, the analyst says that since there is a smaller supply of tokens to use for on-demand liquidity and a higher amount of transactions to use those small tokens then the price of XRP will have to shoot up in price. So if a large amount of value enters the XRPL this bull cycle, then XRP hitting $100,000 in the same cycle is highly possible.