According to a famous crypto analyst, XRP is headed to all-time highs.
In an Aug 20th video, analyst; Crypto Credible have suggested XRP could reach unprecedented highs during the ending phase of the ongoing bull market. Citing the 1000% rally the XRP went through during the year 2017, Credible Crypto stated, the token could go through a similar phase during the current bull cycle.
Crypto Credible reminded XRP was barely $0.22 in 2017 before it went up 30x to 3.30, as he suggested the biggest gains happen during the last 10% of the bull market. Crypto Credible implied something similar could happen during the current bull cycle as he said:
“I think if we can break the all-time high within the next few months then we’re easily going to go – 3 to 5X is very reasonable. Again, in 2017 we went 10X. 3 to 5X is easy. $10.00 minimum is where I’l consider taking profits.”
Analyst hinted that the XRP’s all time high is the most critical resistance towards a major 10,20 or 30x bull. As it asserted once the XRP surpasses its all time high of $3.40, it would be into an explosive price discovery phase that could potentially take the token to $30. Stating that from the current price level XRP could grow by 2319%, analyst said:
“We have a ways to go is what I’m getting at here. Again, my targets for XRP as I’ve said many many times, stand at $20 to $30 at the end of this bull cycle, whether that be six months or a year for now.”
Crypto Credible is not the first analyst, suggesting a similar XRP price action rather many have projected a similar price heading towards the end of the year.
Registrations on Xumm Wallet Grows by 55% as the Evernode Airdrop for XRP Holders Nears
Famous crypto analyst Crypto Eri States Ripple’s IPO May Face Delays
Chatter about the SEC settling with Ripple intensified following the agency’s announcement of an upcoming meeting
Report Shows XRP is one of Banks’ Most Favorite Cryptocurrencies as the Coin Fetches Millions in Investment
Is Ripple Removing David Schwartz, Firm’s Chief Technology Officer? A Recent Tweet Sparks a Fuss
Recent Press Release
The announcement of an upcoming SEC meeting sparks chatter about the possible settlement between the state regulator and Ripple. In...
SloMining: The Best Cloud Mining Site for Passive Income in 2023
The global surge in cryptocurrencies has paved the way for innovative avenues of income, and one such avenue that has...
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...