XRP Below $1? Not Happening, Claims Millionaire Analyst
24 Noviembre 2024 - 3:00PM
NEWSBTC
Ripple’s XRP has traded below the $1 level for nearly three years,
affected primarily by the cases filed by the US Securities and
Exchange Commission (SEC). Even during the mini bull run
immediately after Donald Trump’s election, XRP had a sluggish price
action, struggling to maintain its $0.57 price. But last November
16th, the altcoin hit the $1 price mark after surging by 14.72%.
Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break
From Bear Trend Fast-forward to one week and XRP is trading at
$1.50, which briefly hit $1.62 last November 23rd. For many
analysts, there’s no turning back for XRP’s price, with one popular
Twitter/X user saying it will no longer drop below $1. In a post on
Twitter/X last November 23rd, a millionaire mentor, a.k.a. the
“Bearable Bull,” boldly predicted that the market would never see
XRP “go below $1 again”. We Will Never See XRP Go Below $1 AGAIN —
The Bearable Bull (@thebearablebull) November 23, 2024 $1 As XRP’s
Base For Further Growth Ripple’s XRP started the year at $0.61 and
traded for the next few months on the $0.50 to $0.60 level. And
while Bitcoin and other altcoins started to rally immediately after
Trump’s election, XRP’s price movement remained sluggish. Only a
few days ago, XRP’s price began to move before breaking the $1
level on November 16th. The previous time Ripple’s XRP held the
price was in December 2021, when it dipped to $1.96. For many
market analysts, the $1 price now serves as the base for
consolidation and further growth. XRP’s Price Will Not Look Back To
$1 – Analyst XRP’s recent price rally has caught the attention of
many analysts and market observers. The Bearable Bull, a popular
crypto mentor on Twitter/X, is one of those analysts who offered
bold insight into XRP’s price movement. In a Twitter/X post that
garnered 94.7K views, Bearable Bull shared that the community will
never see XRP revisit the $1 price. Other analysts shared his view,
saying that the token has consolidated its base. Related Reading:
Top Analyst Claims XRP New ATH Is Just Around The Corner – Details
However, a few analysts offered some caution, saying it’s too early
to tell if XRP will no longer dip below $1. Last November 16th, XRP
hit a high of $1.267. The next day, there was a minor price
correction, but XRP did not fall below $1. XRP soon will achieve a
$100B market cap. Times are changing. — John E Deaton
(@JohnEDeaton1) November 22, 2024 Bold Predictions On XRP’s Future
Price The market’s optimism on XRP’s price performance continues
until today. Even pro-Ripple lawyer John Deaton predicts that it
will continue its bullish run, and he expects the coin to revisit
its $100 billion market cap. I think $XRP is probably going to make
new ATH a lot quicker than most are expecting- and I think it’s
going to vastly outperform both $BTC and $ETH from current levels
while doing it. XRP/ETH just reclaimed and retested a 4 year long
range, with the first target being ~250%…
pic.twitter.com/fLYlH2GEYB — CrediBULL Crypto (@CredibleCrypto)
November 21, 2024 Also, “CrediBULL” expects the digital asset to
top its all-time high soon. He further claimed that XRP can surpass
Ethereum and Bitcoin’s performance. Based on current price data, it
has surged 125% in the last three months, beating Ether’s 20% and
Bitcoin’s 51% increase. Featured image from iExpats, chart from
TradingView
Ripple (COIN:XRPUSD)
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