CandleFocus Top Analyst Outlines Mathematical Reasoning Why XRP Hitting $20-30 Isn’t Irrational
2024-09-24
Author: Content Editor
Prominent analyst Credible believes that XRP has the potential to surge to $20-30. He states that XRP's seven-year consolidation phase, which came as a result of the SEC lawsuit, is not a sign of weakness but rather a solid base for future growth. Credible notes that Bitcoin is about to make a major market rise, making it illogical to bet on XRP breaking down. He believes that XRP's starting point will be to hit its previous all-time high of $3.84, and from there, it could realistically see further increases to between $20 and $30. Credible highlights that the market caps of Ethereum and XRP are not vastly different, and if one believes in a $10,000 Ethereum, it follows that XRP could exceed $20. He concludes that if XRP breaks out of its consolidation phase, reaching $10 becomes very plausible.
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