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.”
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.
Midjourney
