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.

Innholdet på denne siden er levert av tredjeparter. Med mindre annet er oppgitt, er ikke OKX forfatteren av de siterte artikkelen(e) og krever ingen opphavsrett til materialet. Innholdet er kun gitt for informasjonsformål og representerer ikke synspunktene til OKX. Det er ikke ment å være en anbefaling av noe slag og bør ikke betraktes som investeringsråd eller en oppfordring om å kjøpe eller selge digitale aktiva. I den grad generativ AI brukes til å gi sammendrag eller annen informasjon, kan slikt AI-generert innhold være unøyaktig eller inkonsekvent. Vennligst les den koblede artikkelen for mer detaljer og informasjon. OKX er ikke ansvarlig for innhold som er vert på tredjeparts nettsteder. Beholdning av digitale aktiva, inkludert stablecoins og NFT-er, innebærer en høy grad av risiko og kan svinge mye. Du bør nøye vurdere om handel eller innehav av digitale aktiva passer for deg i lys av din økonomiske tilstand.