Countdown to $5 XRP: Engineer Predicts 'Solid Foundation' Milestone

After reaching a high of $2.82 on December 3 last year, Ripple's XRP underwent a minor correction and is currently trading in the range of $2.25 to $2.50, according to CoinMarketCap data. On December 1 last year, XRP briefly dropped below $2.00 and consolidated above this level for several days. Like most digital assets in recent days, XRP is undergoing extreme market volatility. However, for Vincent Van Code, a software engineer, Ripple's altcoin is poised to reach $5 in this market condition. Van Code's comment came as the cryptocurrency market in general is experiencing a significant downturn due to the volatile price fluctuations of Bitcoin, which briefly surpassed the $100,000 mark. The world's leading asset reached $104,088 on Thursday but immediately experienced a sudden collapse, dropping to $90,500. The growing concerns of the market about Bitcoin and cryptocurrency? The sudden collapse of Bitcoin has been felt throughout the cryptocurrency market, causing concerns for many retailers and investors. Although this decline has significantly affected the overall cryptocurrency market, the losses of the top altcoins are not as large as Bitcoin.

Ripple's XRP is one of the top tokens to decrease in value during Bitcoin's brief collapse. The price of XRP has dropped from a high of $2.48 to $2.23, reflecting a 10% loss. Traditionally, altcoins tend to experience significant price decreases whenever Bitcoin adjusts its price. The current price adjustment is just 'noise' for long-term holders. Market observers, including Van Code, have considered this situation, emphasizing the potential recovery of XRP in the context of Bitcoin's decline. He attributed this outcome to the strong fundamental foundation of the currency, emphasizing that they remain resilient despite market fluctuations. Van Code has analyzed the situation and shared his optimism about XRP, hoping that the value of this token will reach $5 by February 2025. According to the commentator, the current price adjustments are just "noise" that can be ignored if you participate in XRP for a long time. Ripple's token has been in a range-bound pattern for four days since briefly touching $2.85. Since then, XRP's upward momentum has slowed, pushing the price back to $2.10. Those who hold and trade XRP are preparing for another price increase XRP holders still maintain an optimistic attitude and are looking for the next catalyst to bring this asset back to its all-time high and enter a phase of price discovery. At $2.36, Ripple's XRP needs to increase by at least 112% to reach $5. Interestingly, XRP has surged over four times in the past month, maintaining the hopes of hodlers and investors.

Some analysts also point out different price increase patterns for XRP on the chart. In a post on Twitter/X, user 'XRP Captain' urged token holders to prepare for an early breakout. He argued that the currency is ready to reach an all-time high, as suggested by a price increase flag on the chart. DYOR! #Write2Win #Write&Earn $XRP {spot}(XRPUSDT)