2300% XRP Rally Could Be Right Around The Corner, Says Top Crypto Analyst

[ad_1]

XRP could be on the heels of one of the biggest rallies it has ever had, according to a closely watched crypto trader.

In a new strategy session, the pseudonymous trader known as Credible Crypto says he believes XRP is destined to hit somewhere between $ 20 and $ 30 this bull cycle.

Looking at XRP’s sharp 1000% rally in 2017, the trader is postulating that something similar could be happening in the current bull cycle.

“The biggest gains are in the bottom 10% of the bull market. Keep in mind that XRP was trading at $ 0.22 in 2017, and within a month it jumped to $ 3.30. He went 10X in a month …

We can expect something similar here. I think if we can beat the all-time high over the next few months we’ll easily go from 3 to 5X is very reasonable. Again, in 2017 we went 10X. 3-5X is easy. $ 10.00 minimum is where I plan to take profit.

According to Credible Crypto, once XRP hits its all-time highs of $ 3.40, the token will enter an explosive price discovery phase that could reach $ 30.00.

Based on current prices, the trader’s target for XRP involves a 2319% increase over current prices.

“We have a long way to go, that’s what I’m getting at. Again, my targets for XRP, as I’ve said many times, stand at $ 20 to $ 30 at the end of this bull cycle, whether it’s six months or a year at the moment.

It’s my aim. Things are going to get exciting, things are going to accelerate aggressively after hitting all-time highs. The hardest part is getting back to historic heights. As we reach historic highs there is no selling pressure above and it becomes very easy to climb the ranks and rise higher and higher.

Don’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix

Check out the latest news. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

Featured Image: Shutterstock / sergeysan1

[ad_2]