Analyst Eyes Astronomical Price Target for XRP, Says Investors Not Bullish Enough on Fourth-Largest Crypto Asset

An analyst who continues to build a following with timely altcoin calls thinks that the payments altcoin XRP will witness a meteoric rise before the bull cycle is over.

Pseudonymous analyst Credible tells his 469,500 followers on the social media platform X that XRP looks bullish on the high time frame as it continues to build a strong foundation above $2.

According to Credible, the $2 level has stood as stiff resistance for XRP from 2017 to the end of 2024, and now the altcoin is firmly holding it as support.

“Aside from being one of the only coins in this entire market with the clearest/cleanest impulsive PA (aside from BTC) starting at its launch off of $0.50, XRP is currently going on its EIGHTH month of consolidation above the prior ATH (all-time high) monthly close.

You Are Not Bullish Enough.”

Source: Credible/X

Credible says that his long-term XRP investment will pay off this cycle, as he believes this is when the altcoin will explode toward his price targets between $20 and $30.

“Yup, [bought] at $0.18 in 2019 specifically.

Still holding it.

Back then many said XRP would never see above $1 again. Today, that position alone is up over 10x, and by the end of this cycle, I do expect it to be up over 100x.

Taking a bit longer than expected but you won’t see me complaining about a 100x ‘taking too long.'”

At time of writing, XRP is trading at $2.27.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Analyst Eyes Astronomical Price Target for XRP, Says Investors Not Bullish Enough on Fourth-Largest Crypto Asset appeared first on The Daily Hodl.

5,38 t.

Tällä sivulla näytettävä sisältö on kolmansien osapuolten tarjoamaa. Ellei toisin mainita, OKX ei ole lainatun artikkelin / lainattujen artikkelien kirjoittaja, eikä OKX väitä olevansa materiaalin tekijänoikeuksien haltija. Sisältö on tarkoitettu vain tiedoksi, eikä se edusta OKX:n näkemyksiä. Sitä ei ole tarkoitettu minkäänlaiseksi suositukseksi, eikä sitä tule pitää sijoitusneuvontana tai kehotuksena ostaa tai myydä digitaalisia varoja. Siltä osin kuin yhteenvetojen tai muiden tietojen tuottamiseen käytetään generatiivista tekoälyä, tällainen tekoälyn tuottama sisältö voi olla epätarkkaa tai epäjohdonmukaista. Lue aiheesta lisätietoa linkitetystä artikkelista. OKX ei ole vastuussa kolmansien osapuolten sivustojen sisällöstä. Digitaalisten varojen, kuten vakaakolikoiden ja NFT:iden, omistukseen liittyy suuri riski, ja niiden arvo voi vaihdella merkittävästi. Sinun tulee huolellisesti harkita, sopiiko digitaalisten varojen treidaus tai omistus sinulle taloudellisessa tilanteessasi.