CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NewsBTC 2024-11-24 21:00:31

XRP Below $1? Not Happening, Claims Millionaire Analyst

Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run immediately after Donald Trump’s election, XRP had a sluggish price action, struggling to maintain its $0.57 price. But last November 16th, the altcoin hit the $1 price mark after surging by 14.72%. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend Fast-forward to one week and XRP is trading at $1.50, which briefly hit $1.62 last November 23rd. For many analysts, there’s no turning back for XRP’s price, with one popular Twitter/X user saying it will no longer drop below $1. In a post on Twitter/X last November 23rd, a millionaire mentor, a.k.a. the “Bearable Bull,” boldly predicted that the market would never see XRP “go below $1 again”. We Will Never See XRP Go Below $1 AGAIN — The Bearable Bull (@thebearablebull) November 23, 2024 $1 As XRP’s Base For Further Growth Ripple’s XRP started the year at $0.61 and traded for the next few months on the $0.50 to $0.60 level. And while Bitcoin and other altcoins started to rally immediately after Trump’s election, XRP’s price movement remained sluggish. Only a few days ago, XRP’s price began to move before breaking the $1 level on November 16th. The previous time Ripple’s XRP held the price was in December 2021, when it dipped to $1.96. For many market analysts, the $1 price now serves as the base for consolidation and further growth. XRP’s Price Will Not Look Back To $1 – Analyst XRP’s recent price rally has caught the attention of many analysts and market observers. The Bearable Bull, a popular crypto mentor on Twitter/X, is one of those analysts who offered bold insight into XRP’s price movement. In a Twitter/X post that garnered 94.7K views, Bearable Bull shared that the community will never see XRP revisit the $1 price. Other analysts shared his view, saying that the token has consolidated its base. Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner – Details However, a few analysts offered some caution, saying it’s too early to tell if XRP will no longer dip below $1. Last November 16th, XRP hit a high of $1.267. The next day, there was a minor price correction, but XRP did not fall below $1. XRP soon will achieve a $100B market cap. Times are changing. — John E Deaton (@JohnEDeaton1) November 22, 2024 Bold Predictions On XRP’s Future Price The market’s optimism on XRP’s price performance continues until today. Even pro-Ripple lawyer John Deaton predicts that it will continue its bullish run, and he expects the coin to revisit its $100 billion market cap. I think $XRP is probably going to make new ATH a lot quicker than most are expecting- and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it. XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%… pic.twitter.com/fLYlH2GEYB — CrediBULL Crypto (@CredibleCrypto) November 21, 2024 Also, “CrediBULL” expects the digital asset to top its all-time high soon. He further claimed that XRP can surpass Ethereum and Bitcoin’s performance. Based on current price data, it has surged 125% in the last three months, beating Ether’s 20% and Bitcoin’s 51% increase. Featured image from iExpats, chart from TradingView

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约