This article is also available in Spanish.
A well-known market analyst sees the forecast of $6 per crypto coin of XRP demanded by some experts as too aggressive.
Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those who doubt this target are “not delusional enough.”
Related Reading
XRP price with three figures
The data showed that XRP is the most active crypto in the Trump-driven digital bull run. So, again, the market expert is floating the idea of ​​$589 per coin.
Crypto Bitlord said that the real price of XRP is not $ 6 as some analysts say but $ 589, adding that those who dismiss this three-figure goal are not serious enough.
You are not convincing enough about your target price $XRP $589
– Crypto Bitlord (@crypto_bitlord7) December 16, 2024
The crypto analyst said that the prices predicted by several market observers are speculative estimates, believing that $589 per unit is more likely.
Previously, Crypto Bitlord already stated that XRP will reach a triple digit value. However, he received disparaging comments from investors for what they called an ambitious dream.
Now, since crypto assets are doing very well in a bull market, Crypto Bitlord has managed to shoot them down, calling them “manipulative” enough.
Smoking Crack?
Several traders in the XRP community do not share the same opinion as Crypto Bitlord, seeing the goal of $589 as impossible.
Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, calling the target “a dream.”
Edwards argued that astrology’s price predictions are bogus, saying, “People who want $589, $1,000, or $10,000 are “smoking crack.”
Mine $XRP The target price for this cycle is $5-$8. It might go up a bit but I’ll play it safe and save. People driving $589, $1,000, and $10K smoke crack. pic.twitter.com/joXwhGcxMq
– Tony Edwards (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024
Some analysts say that the three-digit amount will only happen if the crypto market capitalization reaches $33 trillion, an amount that would be greater than the combined market cap of the top 20 American companies.
Edwards estimated that a price rally would put XRP between $5 and $8.
Altcoin works well
The data revealed that XRP is benefiting greatly from the ongoing crypto bull market driven by Donald Trump returning to the White House.
In the last month, the price of the crypto has increased by 283% while in the middle of December, it has already increased by 23%, almost reaching $3.
Related Reading
A CNBC report called XRP a “big winner” in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, the price of XRP has increased by 370%, outpacing the broader digital asset market.
In comparison, Bitcoin is up only 45% during the same period, while the entire cryptocurrency market is up 91%.
At press time, XRP is trading at $2.36 with a total market capitalization of 136 billion.
The featured image is from, a chart from TradingView