Renowned crypto analyst, Nick, founder of Web3Alert, recently shared his bullish outlook on XRP's future price trajectory in a post on X (formerly Twitter). Nick predicts that XRP could soar to as high as $10 during this market cycle, citing optimistic projections for Ethereum and Bitcoin as supporting factors.

Nick's price range for XRP in this cycle falls between $5 and $10, aligning with forecasts of Ethereum reaching $7,500 to $10,000, and Bitcoin rising to $100,000 to $150,000. Should XRP achieve these price levels, its market capitalization would range between $500 billion and $1 trillion, akin to that of Bitcoin and Ethereum.

Acknowledging concerns about the disparity between XRP's required price increase and that of Bitcoin and Ethereum, Nick maintains that XRP's potential for a 10x surge underscores its current undervaluation and presents a compelling return on investment opportunity.

Faith in XRP's Potential Endures

Nick's positive outlook on XRP aligns with sentiments shared by other crypto analysts, including Zach Rector, who remain bullish on the cryptocurrency's prospects despite its slow start in the current bull market. Rector attributes his optimism to XRP's strong fundamentals, echoing the sentiments of technical analysts like Egrag Crypto, who have also issued optimistic price predictions for XRP during this market cycle.

While Rector refrains from providing a specific price target, Egrag Crypto suggests that XRP could surge to as high as $27 at the peak of the bull run. Despite XRP's current price trading around $0.58, down over 3% in the last 24 hours, according to CoinMarketCap, analysts maintain their belief in its potential for significant gains.