Members of the XRP community are optimistic that XRP may print another impressive close as the year journeys to a close.
After soaring as high as 3.63% in the past 24 hours to $0.6418 stop a market capitalization of $34,686,634,844, popular crypto influencer @_Crypto_Barbie said with the current pump, XRP might be on its way to print a 2017-like rally, a move which if achieved will leave many in awe.
2017 was a pivotal year for XRP as the coin moved from a low of $0.0006485 and precipitated to its All-Time High (ATH) of $3.84 in early January 2018. While XRP is still far away from its ATH, current growth trends might see it pull some wonders.
XRP to $1 Might be the Starting Point
According to top market analyst EGRAG Crypto, there are three short-term targets which, if XRP can flip, might spell a very promising rally for the altcoin. These price points include $0.6530, $0.6720, and $0.70 and are important in the ultimate rally toward $1.
EGRAG postulated that at the moment, XRP is laying the groundwork for a more sustainable push such that when it eventually flips the $1 level, it can turn it into permanent support. He believes that the potential for XRP to hit higher price levels is high as the same percentage move required to move the coin from $0.3 to $0.6 is also what is required to move it from $3 to $6.
#XRP Short-Term Targets: Aiming High! ?
Exceeding these targets would fuel incredible bullish momentum:
? 0.6530c
? 0.6720c
? 0.7000cMy determination for #XRP to hit $1 goes way beyond a simple goal:
A) It's about laying the groundwork for a rock-solid foundation,… pic.twitter.com/wHOTXtZofP
— EGRAG CRYPTO (@egragcrypto) December 25, 2023
EGRAG Crypto said traders who see no future can explore their selloff option, but those who grasp the vision can hang on for the promises that lie ahead.
XRP Need to Clear Many Doubts
As far as XRP is concerned, not many people believe in its bullish momentum. Before this current run, popular analyst Bill Morgan had earlier flagged XRP, saying “Nah” to a Christmas gift that is marked by bullish growth. Notably, the coin’s current growth came after this comment from Bill, underscoring how unpredictable the market can be.
Clearing investors’ doubts is also hinged on XRP turning all the reasons for its downtrend, including market risks, regulatory uncertainty, and lack of diverse use cases, into its strength.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.