The crypto market has seen a significant rally in the past seven days, with most crypto assets, including Ripple’s XRP token, increasing in value, bringing the global market cap to $2.22 trillion and the trading volume to $72.41 billion.
XRP Forecast from Crypto Bitlord
Crypto analyst Crypto Bitlord has predicted that XRP will soon make a big breakout. His prediction for the token, which has performed poorly in the past, has been controversial for many.
“I think XRP is ready.
– I expect a vertical parabolic explosion in the next 24 hours.
Don’t sleep, millions can be made by timing this move.”
Crypto Bitlord
Crypto Bitlord claims that his previous XRP predictions made people a lot of money and says that a similar situation will happen this time. However, hours have passed since his post, the expected increase in the XRP price has not occurred. On the contrary, the price fell by 1% today to $ 0.5856.
Crypto Tank’s XRP Price Prediction and Terms
Another crypto analyst, Crypto Tank, suggests that the price of XRP could reach $100, but for that to happen, the token would need to capture 10% of SWIFT’s daily trading volume.
“Do yourself and your psychological health a favor and don’t listen to these chartists who make different dollar predictions. Most of them have no idea. To give you an idea, 10% of SWIFT’s daily volume is $100 worth of XRP. Now add the volume of hundreds of banks around the world. It’s impossible to understand what’s happening.”
Crypto Tank
Crypto Tank’s statement has divided the crypto community, with some believing that this goal is achievable thanks to their support, while others believe that it is difficult to achieve given the current market conditions.
The XRP price has fallen again after a brief recovery and is currently trading at $0.5856. Crypto Bitlord’s prediction that there would be a parabolic rise in 24 hours did not come true. Investors should make decisions by considering the general trend of the market and fundamental analysis instead of such speculative predictions. If XRP Coin, which reached a market value of $118 billion on July 1, 2018, reaches the same market value today, the price it will see will be $1.18. The fact that the circulating supply reaches 100 billion over the years necessitates the market value to reach half a trillion dollars for the $5 price target. In that case, even $10, let alone $100, does not seem very logical as it would mean a market value of $1 trillion.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
