The pseudonymous crypto analyst, CryptoBull, believes the XRP Ledger native token, XRP, and the flagship cryptocurrency, Bitcoin (BTC), are on the verge of staging historical upswings.
In a recent Twitter update, Cryptobull shared his rare bullish dispositions for both Bitcoin and XRP with his 140.5k followers, predicting a whopping price increase for the Ripple-backed token by June. He also expects the BTC price to surge by more than 552% in the coming months.
After a prolonged bear market for both BTC and XRP in 2022, which was fueled by a series of unprecedented project meltdowns in the crypto industry, both crypto assets have recorded significant price increases from January to date.
Particularly, XRP has been up more than 12% in the last 30 days while Bitcoin has jumped by over 32% in the last month. Thus, CryptoBull, a prominent XRP permabull, expects the sixth-largest crypto asset by market capitalization to sustain its uptrend and gain 5,850% from its current price of $0.4. That is, the widely followed crypto pundit predicts that XRP would kiss $23.8 by June.
Related: Top Crypto Analyst Predicts the Start Date of XRP Price Bull Run
Per the chart published by the crypto strategist, XRP is expected to repeat a previous cycle it recorded in late 2017 — a surge that further caused XRP to reach its all-time high of $3.84 in early 2018.
On the other hand, Bitcoin (BTC) is trading for $23,000 per coin at the time of writing. CryptoBull believes BTC would rise by over 552% from this current price in the months to come. Precisely, his price target for Bitcoin is $150,000, per a Wednesday tweet. He added that a positive price action from BTC would be highly beneficial to XRP price movement.
He wrote, “bottom is in and Bitcoin is going to $150,000 which is great for XRP.”
Read Also: Expert Analyst Predicts Massive Upside for XRP and Bitcoin (BTC). Here’s His Chart
It bears noting that the outcome of the XRP lawsuit filed against Ripple by the SEC would play the greatest role in deciding the XRP price direction. According to Ripple CEO Brad Garlinghouse, the legal tussle would be concluded around mid-2023.
Meanwhile, a prominent legal expert noted that XRP could skyrocket like LBC Token if the SEC lawsuit ends in Ripple’s favor.
Follow us on Twitter, Facebook, Telegram, and Google News
In a move that has sparked widespread speculation across the cryptocurrency community, a wallet reportedly…
Rediscovering the Past Behind the Numbers and Tiles Behind every spin of the wheel and…
In a timely and high-profile moment for the Cardano ecosystem, Charles Hoskinson, Cardano Founder and…
World-class economist and global strategist Peter Schiff recently dropped a bombshell statement highlighting the turmoil…
In a striking move that has reignited speculation across the cryptocurrency space, a colossal 230,770,000…
The launch of the Teucrium 2x Long Daily XRP ETF (XXRP) has taken the market…
