Despite the turbulence that seemed to have enveloped XRP, a prominent crypto watcher, Bobby A, appears undisturbed and highly bullish on the digital asset.
According to one of his latest tweets, Bobby A has reiterated that his previous $8 to $13 price prediction for XRP remains unchanged.
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Notably, XRP has been recording declines across several variables. The past week and month saw XRP register price declines of about 9.6% and 14.5%, respectively. However, the announcement of Bitcoin ETF approvals is starting to turn things around for the embattled digital asset.
No my $8-$13 target for #XRP hasn’t changed. I’m more bullish than ever. And yes my targets will prove to be conservative. Cheers. ⚒️⚒️⚒️
— Bobby A (@Bobby_1111888) January 7, 2024
The market observer’s assertion has since remained controversial, attracting varying opinions from the crypto community, especially XRP enthusiasts.
Notedly, Bobby A tagged his price projections as being conservative, implying that XRP boasts the potential to soar even above the projected prices.
$8 to $13 XRP Price Target
The first time Bobby A projected XRP to price levels ranging between $8 to $13 was on July 14, a day after Judge Torres’s ruling that declared XRP a non-security asset in the United States.
Notedly, the crypto analyst failed to highlight any potential timeline for his price predictions. However, he urged his followers to hang on tight, as they might witness challenges that could make them think otherwise.
Earlier this year, specifically on January 3, a date that saw most crypto assets turning red across several variables, Bobby A reminded his followers of his price targets for XRP, citing the need for patience.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
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According to the crypto market observer, XRP has already set out in its rally. He warned about the Fear Of Missing Out (FOMO), noting that it could result in lost opportunities, as most crypto projects do not move in a straight line.
At the time of writing, XRP is changing hands at approximately $0.57, reflecting a 2% decline in the last 24 hours. Should Bobby A’s price projections play out, XRP must spike from current standings by approximately 1,303.5% and 2,180.7% to reach prices between $8 and $13.
During the rally that birthed XRP’s $3.8 all-time high in 2018, XRP soared more than 50,000%. This explains why Bobby A’s XRP price projections appear probable.
Meanwhile, data on CoinMarketCap shows that XRP is trading at $0.5995, with a relatively 6% price upsurge in the last 24 hours.
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