CandleFocus Expert Says We Are Locked and Loaded for an XRP Surge
2024-11-04
Author: Content Editor
Market expert and community enthusiast Amonyx believes that XRP is poised for a significant surge despite its recent decline. Amonyx has identified a bullish pattern on the XRP chart and predicts an imminent breakout that could lead to a substantial increase in price. The analyst's ambitious price target is $225.9 per coin, which would represent a 44,694% uptick from its current price. The target is based on a breakout similar to the one XRP experienced during the 2017/2018 bull cycle when it surged 60,000%. However, this target is still below XRP's fair market value, which is estimated to be $3,541. Another market expert, Altcoin Moe, has set a more "realistic" price target of $5 based on a $500 billion market cap for XRP. Currently, XRP is trading at $0.5055.
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