CandleFocus Seasoned Trader Says XRP Target of $30–$35 is Not Ridiculous
2024-10-27
Author: Content Editor
The given crypto news content discusses the opinions of trader Ralston Maximus regarding the price targets for XRP. Maximus believes that the ambitious price targets for XRP are not unreasonable in the current bull market. He argues that these targets are contingent on XRP overcoming its resistance levels and breaking out of its prolonged downtrend. Another critic disagrees, stating that targets of $30 to $35 or even $7 are ridiculous and unattainable. Maximus defends his targets, explaining that $35 represents the larger measured move and $7 is a more conservative outlook. XRP is currently valued at $0.5303, and reaching $7 or $35 would require substantial increases of 1,220% and 6,500% respectively. Some analysts argue that such extraordinary market caps for XRP are unrealistic, while others draw inspiration from Ethereum's potential to support higher price targets for XRP.
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