- Credible Crypto predicts XRP gains of 1000% and a target price of $ 25 to $ 30 in the next bull cycle.
- The analyst expects the crypto market to decline by 20% to 30%, but with less impact for Bitcoin and XRP.
The digital asset XRP has taken the crypto market by storm. With an impressive increase of 37.40% in the past 24 hours, XRP hits an annual high of $ 0.46. In the monthly and weekly charts, the digital asset registers gains of 76.71% and 67.28% respectively. Thus, XRP is the main winner of the last 30 days, followed by Litecoin (61.27%), Bitcoin (45.29%), LINK (40.43%) and Ethereum (38.29%).
1000% profit for XRP
According to analyst Credible Crypto, the correction undergone by the price of XRP is “perfectly healthy”. Therefore, he urged holders of digital assets to look at other metrics. Via his Twitter account, Credible Crypto stated the following and sharing the image below:
(Relative Strength Index) RSI tells a story, pay attention. Selling $ XRP now is like selling $ BTC when it was at $ 197 – before it hit 20k.
The analyst set a target price for XRP between $ 25 and $ 30. However, he expects it to be reached in the long term as the market moves forward through its bull cycle. Before that happened, the analyst predicted a drop of up to 30% in the market. In this sense, he said:
You have the right idea for the pullback area. Many alts will be hard flushed but XRP / BTC is supported so it might not be as affected as other alts.
A drop in major cryptocurrencies by this percentage could be an ideal investment opportunity for new investors. The analyst declared the start of “the XRP season” and said the following:
The floor on $ XRP has entered. If we somehow get a new low region test of .30, you take it. Thin luck we see under .30 again (except maybe a cheeky wick if you’re lucky). Congratulations #xrparmy, it’s over to us now.
In the XRP community, investors are bullish. Most welcomed XRP’s forecast and some took the opportunity to take a percentage of the profits. An user commented as following:
I love the way you found the light my friend. Respect the way you always asked questions and searched for answers despite hate and that way you found #xrp. Love and respect. Keep fighting the good fight.