A prominent Bitcoin trader has proclaimed XRP the forthcoming star asset of the current bull market after investing half a million in the asset.
A Bitcoin trader using the username “Doctor Profit” on X has explicitly designated XRP as the next shining bull. He even outlined a timeline for realizing his prediction.
Next shining bull is $XRP
Bought 500k recently
See you in 30-60 days!
— Doctor Profit 🇨🇭 (@DrProfitCrypto) February 20, 2024
XRP Next Star Asset in Bull Market
The Bitcoin trader’s assertion arrives amid the crypto market’s recent upswing. Notably, Bitcoin surged past $52k and catalyzed gains for assets like Solana (SOL) and Cardano (ADA).
Despite a recent market pullback, SOL and ADA maintain impressive 30-day trajectories, each exceeding 20%.
In contrast, XRP has not mirrored the momentum of its counterparts following Bitcoin’s surge to $52k. It accrued only a cumulative 3.67% gain over the past 30 days.
This divergence in performance likely contributes to the Bitcoin trader’s declaration of XRP as the next asset poised to seize the spotlight.
According to the tweet, the Bitcoin trader anticipates a substantial turnaround for XRP within the next 30 to 60 days. However, he specified no target to look out for.
Bitcoin Trader Investing $500k in XRP
Furthermore, Doctor Profit disclosed investing half a million dollars in XRP recently. Notably, the Bitcoin elite trader acquired 888,353 XRP in two transactions at an average price of $0.56 four days ago.
As The Crypto Basic reported, the newly acquired XRP portfolio saw a gain of $10,098 just hours after the acquisitions, as XRP surged to $0.5714.
Moreover, the trader highlighted that this recent acquisition marks his first substantial purchase of XRP since acquiring the asset at $0.32 the previous year.
Essentially, the Bitcoin trader has exhibited notable confidence in XRP amid the growing concerns about the asset’s underperformance.
Meanwhile, Doctor Profit’s recent proclamation regarding XRP as the next shining bull has ignited skepticism within the crypto community.
In response to his tweet, some have questioned his preference for XRP, while others have argued that XRP may lose its position in ranking the most prominent cryptocurrencies during this bull cycle.
Nonetheless, an increasing number of market observers see the bullish potential in XRP.