Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352
2023年12月28日 - 2:30AM
NEWSBTC
A crypto analyst has put together a bold prediction as to the
future trajectory of the XRP price. Based on his prediction, the
XRP community could see the crypto token’s price enter three digits
soon enough. XRP Price To Rise To $352 In a video posted on
YouTube, the crypto analyst behind the JWK Show channel concluded
that XRP’s price could potentially rise to as high as $352. He made
this conclusion after using an XRP calculator. This calculator was
invented based on a valuation model developed by Susan Athey, who
happens to be on Ripple’s board, and Robert Mitchnick, a former
employee at the crypto firm. Related Reading: The Crypto Bulls Are
Back: Digital Asset Inflows Cross $103 Million In One Week The
crypto analyst had input metrics like transaction volume,
circulating supply, store of value, and how long it would take to
process transactions into the XRP calculator before getting the
price of $352. Although there was no timeframe for when this
price could be actualized, it is worth mentioning that the
calculator was working with figures achieved based on a five-year
outlook. The crypto analyst also alluded to an X (formerly Twitter)
post before stating that the XRP community could see the crypto
token “finally mooning” in 2024. The price prediction of $352
seems like a far reach, considering that XRP still sits at around
$0.6. That price level, however, seems more attainable when
compared with more daring price predictions like the one of XRP
hitting $10,000 in the future. Analysts like Davinci Jeremie
may, however, argue that anything is possible with XRP, considering
that he recently suggested that the XRP price movement defies
technical analysis. XRP trending at $0.63 | Source: XRPUSD on
Tradingview.com XRP And Other Altcoins Entering Into Bull Phase The
analyst behind the JWKShow channel also shared his analysis of the
altcoin market. He noted that there has been a breakout as altcoins
have left the accumulation phase and are headed for the bull phase.
He drew similarities between the current chart pattern and one in
2019, just before altcoins entered into the bull phase.
Related Reading: Bitcoin Millionaires Rise By 246% In 2023, Here’s
How Many There Are He specifically touched on the XRP price as he
stated that it is a good time to invest in the crypto token. One of
his reasons for saying this is because XRP is projected to break
out of a two-year trendline soon enough, which could see its price
rise significantly. He also alluded to the spike in XRP’s
transaction volume, which is also bullish for the crypto
token. Interestingly, the crypto analyst also happens to be
among those who believe that the XRP price is suppressed. He said
that the price of XRP will go parabolic “when the 1% are ready,
which should be in 2024.” It is, however, unclear who is the “1%”
he is referring to. At the time of writing, XRP is trading at
around $0.62, down in the last 24 hours, according to data from
CoinMarketCap. Featured image from Watcher Guru, chart from
Tradingview.com
Ripple (COIN:XRPUSD)
過去 株価チャート
から 6 2024 まで 7 2024
Ripple (COIN:XRPUSD)
過去 株価チャート
から 7 2023 まで 7 2024