A pseudonymous crypto analyst and trader, identified on Twitter as Credible Crypto, has recently stated that Ripple’s digital token, XRP, is likely set for one of the biggest rallies it has ever printed.
In a new strategy session on YouTube, the popular crypto trader pointed out that he believes XRP is destined to end this bull cycle somewhere between $20 and $30.
According to Credible Crypto, XRP could display a price trend similar to that of 2017 when the cryptocurrency showcased an over 1000% rally.
Credible Crypto noted:
“The biggest gains happen in the last 10% of the bull market. Keep in mind that XRP was trading at $0.22 in 2017 and in one month it went up to $3.30. It went 10X in a month…
“Something similar can be expected here. I think if we can break the all-time high within the next few months then we’re easily going to go – 3 to 5X is very reasonable. Again, in 2017 we went 10X. 3 to 5X is easy. $10.00 minimum is where I’l consider taking profits.”
According to the analyst, XRP is set for an explosive recovery that would take its price to $30 level. In calculation with current prices, Credible Crypto believes that XRP could still print over 2,300% before the end of the current bull cycle:
“We have a ways to go is what I’m getting at here. Again, my targets for XRP as I’ve said many many times, stand at $20 to $30 at the end of this bull cycle, whether that be six months or a year for now.
That is my target. Things will get exciting, things will accelerate aggressively after we break all-time highs. The hardest part is getting back to all-time highs. As we break all-time highs there’s no sell pressure above and it becomes very easy to climb the ranks and to get higher and higher.”