Crypto Bitlord is a pseudonymous analyst with a nearly half-million followers on X. He predicted Ripple’s XRP will reach the $21 level this cycle. The analyst was criticized by investors for his unrealistically high price forecast.
“The XRP community is one of the largest crypto communities on earth. So when it smashes through $21 this cycle, watch the world flip,” He said it on X. The prediction was quickly marked by a user who said, “It won’t reach $4. This guy $21.”
A number of commentators called the projections for prices unrealistic. “a meme price in a bear market.” A second user also weighed in. “$21 feels like we’re chasing a myth,” But said “the pump might just surprise us all” The end result. The vast majority of XRP comments were skeptical about the price goal.
You may also like: Ripple (XRP) Could Dip To $1.90
XRP’s various bullish forecasts as it trades in the sideways range
The amount of wild predictions about XRP prices and other cryptocurrencies is increasing every week. There are some who want it but the bigger nutshell is only damaging to investors. Ripple native token has not yet reached the $4 mark, but $21 is too much. The token has failed to reach the $4 mark despite experiencing several bull markets since 2018. It was only a little over a month ago that the altcoin with the highest value barely registered a surge in price. But in December, its fortunes completely changed.
It took seven years for XRP to reach its all-time-high of $3.65. It’s clear that XRP has the highest potential for investment over time, but a 750% increase in value is now almost impossible. Moreover, the approval of the XRP ETF by the SEC remains uncertain. The SEC will decide in November whether the ETF is approved. Ripple’s payment network may be able to drive its index price until then.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
