Tony Edward, the host of the Thinking Crypto Podcast, has reinforced his belief in XRP attaining the $1.35 mark, noting something could happen this month.
XRP has remained an underperformer in the fast-growing bull season, recording no positive gain in the last 24 hours alongside its cumulative seven-day performances shrinking to a negative 0.8% gain.
Meanwhile, XRP’s month-to-date performance is notable, with a 19% growth. However, it dwarfs the performance of rivals like Cardano (ADA) and Solana (SOL), which have registered 36% and 40% gains through the same period.
Despite XRP’s underperformance, leading community figures like Tony Edward of the Thinking Crypto Podcast remain resolute about the asset’s impending momentum.
Something Could Happen this Month for XRP
In a recent post on X, Edward emphasized that XRP’s turn for a shocking market rally is on the horizon. He consented that XRP has a history of coming late to the bull party.
“XRP’s turn is coming. It is always a laggard,” Edward remarked.
$XRP's turn is coming, its always a laggard. There will be pullbacks before it rips, but when it rips get ready! Could see something happen later this month. https://t.co/dAKqcsw0gB
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) March 8, 2024
Furthermore, Edward acknowledged that XRP’s much-anticipated rise to the top would not emerged without intermittent setbacks. He stated that XRP holders can expect a jaw-dropping explosion once the consolidation ends.
Besides, he anticipates a significant prelude to XRP’s bull trajectory to occur this month. In his words:
“There will be pullbacks before it rips, but when it rips, get ready. Could see something happen later this month.”
Edward’s statement builds upon his earlier disclosure about anticipating a short-term market rally for XRP. Specifically, he initiated a new trade for XRP outside of his long-term position for the asset late last month.
Edward believes altcoins like XRP are poised to mirror Bitcoin’s trajectory into a new all-time high as more liquidity flows out of the leading asset. He targeted a $1.35 value for XRP at the time while trading at $0.55, which translates to a 145% outlook.
However, XRP has so far surged only 20% from that point to as high as $0.6637 before retracing to $0.6234.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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