Can XRP Mimic Apple's 50,000% Rise Since 2005?

In the context of the ongoing chaotic market, the crypto market has shown increased price volatility over the past few days. However, the price of XRP has continuously exhibited neutral price action during this period, raising many speculations about this digital asset. Moreover, investors are wondering about the price outlook of this altcoin. Furthermore, questions like "How high will XRP rise?" have dominated the crypto community. Are you one of the many people who are also wondering about this? In this article, we will explore the market sentiment regarding the price of Ripple. AAPL Stock Soars 500 Times in 20 Years Apple Inc. saw a leap in revenue in 2005 to $290 million from $46 million in 2024. This was the driving force behind the rise in stock prices. Subsequently, the stock price of AAPL surged from a low of $0.40 to over $200, an increase of 50,000%. Investors are now linking this to the price surge of XRP. Many speculate that the price of Ripple's XRP could see a similar spike as Apple. Moreover, those who sell XRP at $4 after holding it below $2 for many years will be like those who bought Apple stock at under $1 and sold at $2 thinking they are geniuses. Will Ripple Token Experience Major Price Fluctuations? In the past 24 hours, the price of XRP has dropped more than 4%. With this, it is on the verge of ending the month in a downward trend as it has decreased by 5% over the past week and about 3% this month. With a market capitalization of 131.86 billion dollars, it is currently being traded at 2.29 dollars.

The Relative Strength Index (RSI) has failed to break the neutral point on the daily timeframe, leading to a continuous decline. Furthermore, with the average trend line witnessing a continuous decrease, this altcoin may continue to show negative action. While the 200-day EMA acts as a key support zone around the $2 mark, the 50-day EMA is on the verge of experiencing a bearish crossover on the XRP price chart. This implies increasing buying and selling pressure for the 4th largest token in the crypto market. Will XRP Price Recover Soon? If the bulls regain momentum, this could cause the price of Ripple to test the resistance area around the $2.50 level. According to reports, if bullish sentiment strengthens at that time, this could push the value of this altcoin to a higher price target of $3 in the near future. However, if the bears prevail over the bulls, the price of XRP may lose momentum and drop to the important support level of 2 dollars next month.