Mason Versluis, a closely followed crypto podcaster, who founded Gold Squad, has showcased his bullishness in the embattled digital token XRP.
As recently asserted by the crypto influencer, the $5 market price is on the cards for XRP. The reason for his confidence is that it’s the only asset to ever surpassed Ethereum (ETH) in terms of market capitalization.
According to Versluis in a tweet a couple of hours ago, this price point might seem impossible and can easily be taken as a joke. But there used to be a time when XRP was outperforming Ethereum (ETH), the second largest cryptocurrency by market cap.
So, for the popular podcaster, a $5 future price is not an impossible feat for XRP, the digital token that was occupying the third position in the crypto market ranking table before the SEC filed a class action lawsuit against Ripple, its major distributor.
Mason Versluis tweeted, “It’s easy to laugh at someone when they say XRP will hit $5. Do NOT underestimate one of the only coins to ever surpass ETH in market cap.”
It’s easy to laugh at someone when they say $XRP will hit $5.
Do NOT underestimate one of the only coins to ever surpass $ETH in market cap 😮💨🤷🏽
— MASON VERSLUIS 🏆🔮 (@MasonVersluis) May 29, 2023
Another Analyst Shares a Similar Opinion
XRP has to print a relatively 900% price surge from its current prices to hit the $5 price target. This may seem ridiculous, but not impossible as started by another pseudonymous analyst popularly known in Crypto Twitter as Crypto Assets Guy.
According to the analyst, once the longstanding lawsuit is finally brought to an end, XRP will start a bull run that could make its price hit $5.
Crypto Assets Guy stated, “I need to say this again: Once the lawsuit ends $XRP won’t hit $1000, $100 or $50 It could reach $5. Which is great in my opinion.”
I need to say this again:
Once the lawsuit ends $XRP wont hit $1000, $100 or $50
It could reach $5. Which is great in my opinion
— Crypto Assets Guy (@cryptoassetsguy) May 29, 2023
XRP in the Market
Over the past couple of hours, XRP has been showcasing a bullish trend, which is obviously not initiated by Bitcoin (BTC) or any other top asset. XRP has been in this positive trend alone and has surpassed the $0.5 resistance level in the process.
At the time of press, XRP is trading at $0.5222, with a relatively 6% price upsurge in the last 24 hours and 12.35% in the last seven days, according to CoinMarketCap.