Prominent pundits, including a Bitcoin analyst, believe people who do not buy XRP at the current low price may live to regret it.
In a recent update on X, Bitcoin trader Captain Faibik suggested that XRP’s current price position may represent the last opportune moment to bag the asset at bargain prices.
He presented a chart illustrating XRP’s weekly candlestick patterns over the past four years. The visualization suggests that XRP’s price movement has approached a convergence point where an inevitable upswing will occur.
Essentially, this formation resembles a symmetrical triangle, a pattern recognized by experts as a signal for a an imminent breakout to either side.
“XRP If you’re not buying here [at the current price], you’ll definitely regret it later,” Captain Faibik remarked.
$XRP If you're not Buying here, you'll definitely Regret it later. ✍️#Crypto #XRP #XRPUSDT pic.twitter.com/OnkpFk97gv
— Captain Faibik (@CryptoFaibik) April 7, 2024
Notably, Faibik’s chart suggests that XRP may be about to witness an explosive 269.25% gain. At press time, XRP trades at $0.6085. A 269.25% gain would put the asset’s value at $2.25.
Final Buying Opportunity for XRP
Meanwhile, another Bitcoin analyst Mikybull previously echoed the sentiment that XRP is currently at a final buying opportunity.
Mikybull conveyed this viewpoint last month following numerous updates regarding his forecast for XRP. He anticipates XRP to surge by over 800% to $6 during this bullish season.
Also, during a podcast last month, Wall Street financial analyst Linda Jones emphasized the fortunate position of the crypto market to have XRP available at low prices for accumulation.
Jones firmly believes that acquiring XRP at its current value presents a significant opportunity for investors, as she anticipates the asset’s eventual ascent.
Unlike technical analysts, Jones’ optimism about XRP is rooted in Ripple’s endeavors. She revealed that approximately 400 banks have approached Ripple with intentions to utilize XRP for cross-border transactions.
Significantly, these perspectives on XRP’s potential have emerged amid escalating concerns surrounding the asset’s underperformance in the ongoing bull market.
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.
