XRP has underperformed for years, causing worry and uncertainty among investors. Despite the market’s current bullish trend, XRP has remained low.
However, prominent crypto analyst BarriC believes XRP’s fortunes are about to turn around, ending years of disappointing price movements. BarriC has predicted a significant bullish run for XRP in the next 30 days.
While other major cryptocurrencies like BNB and Ethereum have seen substantial gains, XRP has remained relatively stagnant, hovering around the same price point as last year. BarriC attributes this potential upswing to several factors:
XRP ETF approval: The potential launch of an XRP exchange-traded fund (ETF) could significantly increase investor access, including institutions, potentially driving up demand and prices.
Historical Q4 price movements: Historically, the fourth quarter has witnessed significant price movements in the cryptocurrency market. BarriC suggests this pattern might repeat in 2024, benefiting XRP. XRP experienced a surge in November last year, but this was quickly snuffed out by pressure from the lawsuit and a broader market downturn. However, XRP’s trajectory May be different this year.
Dissent Among the XRP Army
BarriC’s prediction isn’t without its critics. One user pointed out that the surge was meant to come after the recently concluded lawsuit with the U.S. Securities and Exchange Commission (SEC).
After Ripple’s victory over the SEC, many in the community anticipated the massive surges analysts had predicted. However, XRP did not match these expectations, and many are still waiting for its price to surge.
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Factors like market volatility could further suppress XRP’s attempt at a resurgence. Another user also pointed out that predictions are just guesses, as none of these analysts have insider information. However, many prominent analysts have strong prediction track records, and BarriC backs up his prediction with credible factors that could send XRP up.
BarriC noted, “Anyone saying otherwise doesn’t understand the #crypto market, doesn’t understand the bull run, and doesn’t understand $XRP place in the bull run cycle.”
BarriC is confident in his prediction and expects an explosive six months for XRP. He pointed out that dissenters are unfamiliar with the crypto market’s workings, and XRP’s trajectory will either prove him right or wrong.
Some in the community were also supportive of this prediction. Although XRP’s performance has frustrated investors, many still have hope in the digital asset, constantly reinforcing the belief that an XRP surge is imminent.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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