The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says
16 Dezembro 2024 - 8:30PM
NEWSBTC
A known market analyst sees the $6 per coin prediction for XRP
crypto being claimed by some experts as too conservative. Crypto
Bitlord suggested that the real target for XRP is $589 per coin,
adding that those skeptical about this target are “not delusional
enough.” Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And
Strategic Reserve The Game-Changer? Three-Figure XRP Price Data
showed that XRP is the top-performing crypto in the Trump-driven
digital asset bull run. Hence, once again, a market expert is
floating the idea of $589 per coin. Crypto Bitlord claimed that the
real price target for XRP is not $6 as some commentators said but
$589, adding that those who dismissed this three-figure target are
not ambitious enough. You’re not delusional enough with your price
targets $XRP $589 — Crypto Bitlord (@crypto_bitlord7) December 16,
2024 The crypto analyst argued that the prices being forecast by
several market observers are conservative estimates, believing that
$589 per unit is very feasible. Previously, Crypto Bitlord had
already stated that XRP would reach the three-figure price.
However, he received derogatory remarks from investors for what
they claimed as an ambitious dream. Now, with the crypto asset
performing very well in the bull market, Crypto Bitlord was able to
fire back at them, calling them not “delusional” enough. Smoking
Crack? Several traders in the XRP community do not share the same
vision as Crypto Bitlord, seeing the target of $589 as not
feasible. Earlier this month, another crypto analyst, Tony Edwards,
downplayed the $589 target, saying that the target is a “fantasy.”
Edward argued that astronomical price predictions for the coin are
delusional, saying, “People calling for $589, $1,000, or $10,000
are “smoking crack.” My $XRP price target for this cycle $5-$8. It
could go a bit higher but I’m gonna play it safe and be
conservative. People who are calling for $589, $1,000, and $10K are
smoking crack. pic.twitter.com/joXwhGcxMq — Tony Edward (Thinking
Crypto Podcast) (@ThinkingCrypto1) December 2, 2024 Other analysts
said that a three-figure price would only happen if the crypto’s
market capitalization hit $33 trillion, an amount that would be
greater than the consolidated market cap of the top 20 American
companies. Edward estimated the price rally would put XRP between
$5 and $8. Altcoin Performing Well Data revealed that XRP benefits
greatly from the ongoing crypto bull market driven by Donald Trump
reclaiming the White House. Last month, the crypto’s price surged
by 283% while halfway through December, it has already soared by
23%, nearly reaching $3. Related Reading: 3-Year Peak: Chainlink
Rally Fueled By Historic Open Interest Levels A CNBC report dubbed
XRP as the “biggest winner” in the Trump-driven cryptocurrency
rally. According to CNBC, since Trump won the US election, XRP
price has skyrocketed by 370%, outperforming the broader digital
asset market. In comparison, Bitcoin has only increased by 45% in
the same period, while the entire cryptocurrency market went up by
91%. As of press time, XRP is traded at $2.36 with a total market
capitalization of $136 billion. Featured image from, chart from
TradingView
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