Popular crypto trader Altcoin Moe speculated that XRP could surge 6x to $3.3327 in a bull run, with the prediction expected to play out in the coming months.
The current market reality of a prolonged bloodbath has contrasted with investors’ expectation of a bull run. Over the past week, the prices of various crypto assets, including XRP, have plummeted heavily, leaving investors disappointed.
Given the current situation in the market, many speculated that the bull run ended after the March rally. However, others believe that the dip usually precedes a bull run and have remained hopeful that the prices of crypto assets will witness significant rallies before the end of the 2024/2025 market cycle.
XRP to Spike 6x (600%)
Therefore, top market watchers have been issuing predictions for top crypto assets, like XRP. In the latest development, Altcoin Moe, a trader who claims to have been in the crypto market since 2014, outlined a list of cryptocurrencies based on their perceived risk and potential return during a bull run.
The categories include super safe, intermediate, and risky investments, offering returns of 3-8x, 5-25x, and over 100x, respectively.
In particular, Altcoin Moe placed XRP in the intermediate investment category, projecting that the coin could spike 6x in the bull run. It bears mentioning that a 6x return on investment (ROI) is the same as a 600% growth.
With XRP trading at $0.4761 per token, a 6x ROI could take the asset’s price to $3.3327. This projected price is still down 13.21% from XRP’s all-time high (ATH) recorded on January 4, 2018. The market watcher suggests this prediction could materialize in the next few months.
“Save this tweet to your bookmarks & come back in a few months!” Altcoin Moe remarked.
I made a list of the top narratives this #bullrun and put them in high/intermediate/low risk tolerance.
📗 Super safe investments:
1: $ETH – 3x to 4x
2: $SOL – 5x to 8x
3: $INJ – 4x to 6x📔Intermediate, these projects can 5x to 25x and the risk VS rewards is good:
1: $XRP -…
— Altcoin Moe (@AltcoinMoe) June 28, 2024
Meanwhile, they did not indicate any factor that could propel XRP for a 6x surge in the bull run.
Other Positive XRP Predictions
Besides Altcoin Moe, other famous crypto experts have also issued mouthwatering predictions for XRP over the past months.
For instance, Armando Pantoja of the Benzinga crypto advisory committee expects XRP to trade between $8 and $20 by 2026. Casi, another prominent analyst, also set a target of $13 for XRP. Casi noted that XRP would spike to the $13 target after it breaks out from its six-year consolidation phase.
Furthermore, popular market watcher Jake Gagain projected that XRP would witness a surge to $5 by next year. Similarly, in March, popular crypto chartist Dark Defender set a bull run target of $5.85 for XRP.
Whether XRP would ever hit any of these targets remains to be seen. Nonetheless, factors such as increased institutional adoption and positive resolution in the SEC v. Ripple lawsuit could significantly propel XRP’s price for a surge to unprecedented levels.
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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