XRP News Today: XRP's $99 Target Dismissed Amid 4,300% Gain Unlikelihood

Amid ongoing speculation in the crypto community, the idea that XRP could eventually reach $99 has resurfaced among some of its more optimistic supporters. However, professional traders remain skeptical. Tony “The Bull” Severino, a respected figure in the trading space, dismissed the target outright, stating there is no plausible possibility XRP could achieve that valuation under current conditions. As of this writing, XRP is trading at approximately $2.25. Reaching $99 would require an increase of more than 4,300%, pushing the asset’s market capitalization into territory currently held by Bitcoin. Severino emphasized that such a leap is highly improbable without an unprecedented global financial shift favouring XRP, which he regards as completely unrealistic.

Technical indicators on XRP’s monthly chart reflect strong momentum, particularly with the Relative Strength Index (RSI) at levels last recorded in 2017. However, this does not imply that exponential price growth is imminent. On the daily chart, a descending triangle pattern is visible, suggesting a period of consolidation. The price remains constrained by declining resistance, while the 100-day and 200-day Exponential Moving Averages (EMA) act as support zones for buyers. Analysts note that a breakout from this pattern could drive XRP back toward the $3 level. However, gains beyond that point are unlikely in the absence of a major fundamental catalyst. XRP’s current network data supports this cautious viewpoint. On-chain metrics and payment volumes indicate gradual, steady usage rather than explosive growth.

XRP’s built-in burn mechanism, which permanently removes small amounts of tokens with every transaction, has seen a minor uptick in recent weeks. While this increase suggests higher network activity, it does not point to a level of demand capable of supporting a 50-fold price increase. In light of these observations, market experts advise caution. While short-term rallies are possible, projections above $3 to $4 should be approached conservatively unless the broader environment changes significantly. Severino’s response reflects this perspective, reinforcing the view that $99 is not a realistic target for the foreseeable future. Investors are encouraged to monitor potential breakouts, but should manage expectations and avoid being influenced by overly speculative forecasts.