Notable crypto community pundit BarriC has boldly asserted that a major bull run for XRP will commence in 30 days.
BarriC expressed this sentiment in a recent post on X, which has garnered attention from the crypto community. In his post, he set a bold timeline for XRP’s anticipated uptrend.
Notably, XRP has been one of the worst-performing crypto assets in this bull market, which began in the last quarter of 2023. Currently, XRP is trading at $0.5504, roughly the same range it was trading at last September.
This stagnation contrasts with some of its closest counterparts, such as BNB and Ethereum, which have experienced more significant gains.
However, according to BarriC, XRP’s long-awaited bull run will kick off in just 30 days, with significant price action expected as early as October.
BarriC’s commentary highlighted a short window of opportunity for investors to accumulate XRP at its current price. He emphasized that those who seize this chance to buy now could see substantial benefits.
BarriC forecasts that XRP could rise above $3 by November and December, making sub-$1 prices a thing of the past. He added that going into 2025, even more exciting price movements for XRP are anticipated.
According to him, “Anyone saying otherwise doesn’t understand the crypto market.”
XRP Performance in Q4 2023
The analyst’s confidence in a bullish Q4 for XRP may be influenced by the prevailing optimism that whales will ensure Q4 2024 is anything but boring. Prominent market watchers like Ki Young Ju, founder of CryptoQuant, have expressed this sentiment.
Indeed, Q4 2023 marked the beginning of the current bull market, when Bitcoin was last seen at $30K. Many are hopeful that a similar pattern will emerge.
The market remained in an uptrend into the first quarter of 2024, with Bitcoin reaching an all-time high before its halving event.
However, XRP barely benefited from this buoyant market. Ripple’s quarterly report, for example, showed that XRP ended Q1 2024 with a negative 5% price growth despite closing Q4 2023 with a positive 5% growth. This decline highlights the asset’s underperformance, even as the broader market boomed.
However, BarriC expects a different scenario this time. He speculated on the potential impact of an XRP exchange-traded fund (ETF) launch.
An XRP ETF would make the digital asset more accessible to a broader range of investors, including institutions, potentially driving significant demand and contributing to price gains.
Ultimately, he stressed that the next six months could be defining moments for XRP, with the potential for the asset to reach new highs.
Community Reacts
BarriC’s commentary has not gone without skepticism. Many in the community have expressed doubt, stating they have bookmarked the tweet and plan to revisit it when his timeline elapses, especially if XRP remains unimpressive.
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.
