XRP Below $1? Not Happening, Claims Millionaire Analyst
Ripples 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 Trumps 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%.
Fast-forward to one week and XRP is trading at $1.50, which briefly hit $1.62 last November 23rd. For many analysts, theres no turning back for XRPs 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 XRPs Base For Further Growth
Ripples 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 Trumps election, XRPs price movement remained sluggish.
Only a few days ago, XRPs price began to move before breaking the $1 level on November 16th. The previous time Ripples 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.
XRPs Price Will Not Look Back To $1 Analyst
XRPs 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 XRPs 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.
However, a few analysts offered some caution, saying its 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.
Bold Predictions On XRPs Future PriceXRP soon will achieve a $100B market cap. Times are changing.
John E Deaton (@JohnEDeaton1) November 22, 2024
The markets optimism on XRPs 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 its 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 Bitcoins performance. Based on current price data, it has surged 125% in the last three months, beating Ethers 20% and Bitcoins 51% increase.
Featured image from iExpats, chart from TradingView
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Text source: NewsBTC
