XRP Analyst Predicts 773% Rally to $26.63 While Solana Eyes $1,098

XRP has been quietly climbing, and some analysts believe the move is just getting started. Technical analyst Matt Hughes now sees a path for XRP to surge more than 773%, taking the price to $26.63 – a level that would give the coin a market cap of around $1.5 trillion.

XRP is trading near $3.05, up over 7% in the past week. The coin recently broke through short-term resistance at $2.85, a price level that held XRP back since late August.

Looking at the bigger picture, XRP has also pushed beyond several long-term resistance levels that had capped its price for years. For many traders, that’s a sign the market is building strength for an even bigger move.

Fibonacci Targets Point to Huge Upside

In a new chart shared on social media, Hughes plotted long-term Fibonacci extension levels – a tool used to project where price rallies could stall or reverse. His key upside targets for XRP are $8.30, $13.39, and $26.63.

A run to the top target of $26.63 would mean a ninefold return from today’s price. Even the more conservative targets of $8 to $13 suggest a 3X to 4X gain for long-term holders.

Well-known XRP analyst EGRAG has also repeated a similar $27 price call, giving further weight to this bold forecast. For perspective, a holder with 50,000 XRP could see their investment swell to more than $1.3 million if Hughes’ upper projection plays out.

Read also: Here’s XRP Price If Ethereum Reaches $25,000

Solana Charts a Similar Path

Hughes isn’t only bullish on XRP. He also expects Solana (SOL) to rally hard. SOL is trading near $230, with a chart that shows weeks of steady gains and a test of its all-time high at $294.

His next big target for Solana is around $670, nearly a 3X jump from here. On the more aggressive side, Hughes sees a possible move to $1,098, which would imply a market cap close to $600 billion.

What Could Drive These Moves

Skeptics argue that a $1.5 trillion valuation for XRP might be too ambitious in the near term. Still, XRP bulls point to powerful catalysts: Ripple’s expanding global payments network, institutional partnerships, potential XRP ETFs, and adoption of the token as a treasury asset by major companies.

If these trends continue and the broader crypto market enters another growth phase, the path to double-digit XRP prices becomes more realistic.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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