Bitrabo Editorial
A well-known crypto analyst, Crypto Bitlord, has recommended that investors purchase the XRP token and hold onto it for the long term. Through various posts on his online platform, he elaborated on the reasons behind his suggestion for such an investment strategy.
Insights from the Crypto Analyst
Crypto Bitlord advised his followers in a recent post to acquire and retain XRP, surprising some given the token’s lackluster performance this year. When questioned by a follower about the potential for a surge in XRP’s value, he hinted at upcoming significant news that could positively impact the token’s price.
The analyst further shared his optimistic views on XRP in subsequent posts. He boldly stated that he believes XRP will surpass Ethereum and potentially even Bitcoin during this market cycle, drawing liquidity from other sectors to elevate Ripple’s standing.
In another post, he hinted at major developments in store for XRP, mentioning that it was not by chance that he was advocating for the token once more. Despite skepticism from some, he emphasized his longstanding bullishness on XRP, dating back to when it traded at very low values.
Reflecting on past successes, he highlighted how individuals who followed his earlier advice on acquiring XRP reaped substantial profits when the token surged to $2.70. Drawing from this experience, he cautioned against disregarding his current recommendations.
For existing XRP holders, he cautioned against selling currently, as doing so might lead to repurchasing at higher prices in the future.
Potential Price Prediction for XRP
Examining XRP’s chart, Crypto Bitlord suggested that XRP could potentially reach a price as high as $589. His reasoning centered on the relationship between exponential growth and logarithmic scale, indicating that the token could achieve remarkable milestones based on fractal indicators.
Although a more conservative estimate places XRP at $7, he found this target too conservative, considering it an easily achievable goal. Despite reservations about the feasibility of XRP reaching $589, which would translate to a market cap of around $30 trillion, he remained undeterred.
Currently, XRP is trading at approximately $0.53, marking a 1% increase over the last 24 hours, based on data from CoinMarketCap.