XRP price meteorically rising by over 12,900% in the next Bitcoin boom cycle
According to crypto strategist Credible Crypto, XRP price is likely to increase by more than 12,900% in the next Bitcoin boom cycle. However, as always, there are mixed opinions about the future of XRP.
Will XRP price increase sharply in the coming bull cycle?
In a new tweet, the crypto analyst said that XRP has the potential to increase one’s net worth in the coming years massively.
But it doesn’t need to do ANY of these things to make you and me life changing money over the next 3 years.
— Credible Crypto (@CredibleCrypto) October 2, 2020
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $ 20 – $ 30 before the current bull market expires:
“…it’s gone 1000x+ in the last run, this would be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now won’t sell soon.”
Meanwhile, Credible is also looking at the short-term performance of Bitcoin. He says the presence of Bitcoin bulls at an immediate support of $10,400 may likely send BTC close to $12,000.
“10.4K-10.5K continues to hold. A number goes up. BTC.”
Not all analysts agree with this forecast. Renowned commodity trader Peter Brandt warns people to be cautious when investing in XRP.
Perhaps I will do a series of Tweets on the financial advice I give my Gen X and Gen M children, nieces and nephews
Item 14 Don’t place your faith in XRP
Item 22 Forget your fancy swirls at Starbucks. McDonald’s coffee is from good Latin American beans. Coffee expenses add up
— Peter Brandt (@PeterLBrandt) June 19, 2020
For Brandt, ownership of more than half of Ripple’s total XRP supply is a contingent liability. XRP has more downside potential as it continues to outperform other major caps.
- A New Job Opening At Ripple Confirms It’s Preparing To Launch A Next-Generation Trading Platform
- The U.S. District Court For The Northern District Of California Has Ruled To Dismiss Two Fraud Allegations Against Ripple