XRP's price has surged significantly since November, leading analysts to speculate about a continued upward trend. One market analyst predicts a target of $34 for XRP in this bull cycle, citing its breakout from a seven-year double-bottom structure as a strong signal. The potential for a parabolic rally similar to XRP's historic rise from 2014 to 2017 is being discussed, as the cryptocurrency has previously experienced major gains in past market cycles. However, there are concerns regarding XRP's valuation compared to its total-value-locked (TVL) on the XRP Ledger, indicating possible overvaluation and risks of a price correction. Over 95% of XRP supply is currently in profit, which historically precedes profit-taking and sell pressure, potentially hindering XRP's momentum towards the $30 mark. Investors are urged to conduct their own research, as market dynamics can change rapidly.

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