Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself
06 Dicembre 2024 - 6:00AM
NEWSBTC
Analysts continue to believe in the potential price surge of XRP,
predicting that it is still feasible that the crypto will hit the
$3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very
Easy’ In 2025 – Analyst A market observer even claimed that XRP is
on track for a massive price rally in the ongoing digital asset
bull market as many cryptocurrencies are hitting all-time highs due
to the positive outlook on the industry. XRP Could Hit $3 Analysts
are confident that XRP is still on the way to reaching $3 per coin,
saying that the recent pullback in its price does not dampen the
enthusiasm of market experts on crypto. They added that despite the
price dip, investors continue to have a positive sentiment on its
future. WallStreetBets, a pseudonymous analyst, emphasized in a
post the significance of being bullish on XRP as the coin
experiences the ebbs and flows before being catapulted to the $3
level. “If you’re not long XRP right now, you don’t respect
yourself,” WallStreetBets wrote in an X post. If you’re not long
XRP right now, you don’t respect yourself. — wallstreetbets
(@wallstreetbets) December 2, 2024 Precursor To New Heights Analyst
CW believed that the current pullback being experienced by XRP
could be a precursor for something great for the coin, saying that
it could propel the crypto to even greater heights. CW predicted
that the next target for XRP could be $3.75 once the correction is
concluded. If the $XRP correction is complete, the next target is
$3.75. There may be a correction near the ATH. And it will renew
the ATH. pic.twitter.com/Zmfk5OP3rX — CW (@CW8900) December 5, 2024
For WallStreetBets, XRP slipping at the low end of $2 could be a
good sign for those who have not invested in the crypto, arguing it
could be viewed as giving them a chance to join the XRP community.
“XRP took a step back today, allowing anyone who missed the train
to have a second chance,” WallStreetBets explained. Data shows that
in the last three days, XRP decreased by nearly 16% and is
currently being traded at $2.3. Despite this correction,
WallStreetBets and other analysts are still optimistic about the
crypto, seeing the pullback as preparing the coin for a prolonged
uptrend. Related Reading: Cardano Rally Heats Up: Experts See 750%
Jump Ahead Getting Through The Resistance Level Market observer Dom
said that the resistance level being experienced to reach $3 would
not be easily surpassed, saying that it could be a gradual
progress. The analyst said that the current behavior of the crypto
matches his earlier predictions of consolidation and range
formation. Other crypto analysts explained that XRP’s price rally
is similar to the explosive growth investors have witnessed in
2017. They forecasted that XRP would increase to $2, which would be
followed by a pullback, adding that the next phase would be a
continuation toward a cycle peak that could allow it to hit $10.
Featured image from DALL-E, chart from TradingView
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