Patrick Riley, an acclaimed veteran investor, has warned market participants against ignoring XRP at this time.
In a tweet, he remarked that those claiming to be deeply involved in crypto but are not bullish on XRP are “not a serious person.”
His statement suggests that anyone who understands the crypto space should recognize XRP’s value and potential. Beyond XRP’s fundamentals, Riley’s optimistic outlook comes from the technical patterns currently unfolding on the chart.
XRP Looking to Deliver a 10X Return from Here
These patterns include upward-trending price movements, multiple breakout points, supportive trendlines, and a bullish formation with no significant retracement.
Based on two similar historical patterns in XRP’s history—specifically in 2014 and 2017, with the latter leading to an all-time high—Riley’s chart suggests a potential target of around $30 for XRP as its peak this cycle.
Given that this outlook represents an almost 10x upside for current holders, Riley describes those not bullish on XRP as “unserious.”
Reactions from Market Participants
Riley’s tweet drew significant engagement, particularly from critics who disagreed with his stance. Some commenters rejected the idea that XRP is a promising hold.
One user, “LinkWarLord,” claimed that Chainlink is everything XRP aspires to be and dismissed Riley’s view, calling those who fail to recognize Chainlink’s value equally “unserious.”
Meanwhile, another commenter, “GibsonGirl,” lamented that her nearly ten-year investment in XRP failed to meet expectations, leading her to eventually give up on it.
Currently trading at $3.15, XRP is up 42% over the last eight weeks and has gained an impressive 460% over the past year. Despite this performance, XRP continues to face detractors, some of whom have publicly declared large short positions.
These critics often argue that XRP’s uptrend is unlikely to last and dismiss its potential to surpass $10. However, to XRP proponents, those who remain skeptical will ultimately have only themselves to blame or regret for fading the coin.
“Don’t Fade XRP”
For example, XRP advocate Edoardo Farina once tweeted that not holding XRP is the biggest investment risk. He urges investors to hold at least 1,000 XRP, calling it the minimum to “position for success.”
Likewise, crypto founder Versan Aljarrah has claimed that XRP is more than just a digital asset but a key to a new global financial ecosystem. His view echoes that of wealth mentor Linda Jones, who has compared XRP to early shares of Berkshire Hathaway, urging patience for long-term gains.
These XRP commentators have used such bullish perspectives to justify high price targets for XRP, ranging from $100 to as much as $10,000.
While some believe these lofty projections could materialize far in the future, critics argue that the potential valuations do not justify the expectations.
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.
