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XRP

300x XRP Price Predictions Dismissed By Crypto Analyst, Says They Are Highly Unrealistic

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Positive sentiments around XRP have increased lately due to its recent upward bullish momentum, garnering several audacious predictions from cryptocurrency analysts about the digital asset’s next trajectory on the upside. However, market expert and enthusiast, Crypto Michael, has brushed off the idea that XRP would rise 300 times its current price level, noting that such predictions are unlikely to occur.

300x Price Growth Is Byond Delusional For XRP

Market expert Crypto Michael shared his opinions on such bold predictions on the X (formerly Twitter) platform, which has triggered quite a frenzy within the XRP community. Michael’s criticism suggests that even though the altcoin has the potential to rally, the present fundamental research and the state of the market do not justify a 300x price projection.

Related Reading: How High Can The XRP Price Go? Here Are Some Interesting Predictions

His insights came in response to another popular cryptocurrency expert, Javon Marks’ XRP predictions last month. In late July, the analyst forecasted that XRP had conducted a test that indicated the digital asset was poised for a massive bullish breakout in the upcoming months, influenced by an optimistic market outlook.

According to Marks, should the market maintain its firm momentum, his predictions could come to light and create opportunities for extended price increases. Thus, he believes that the altcoin could rise by more than 41,000% to the $150 price level, utilizing a full Logarithmic Follow-Through.

Even though crypto predictions are not completely accurate, Michael is certain that Marks’ forecast is way off and detrimental to those looking forward to investing in the altcoin. The expert noted that it would be fortunate to see a 10x rise in XRP during this cycle, let alone a 300x price increase, as they are beyond delusional.

Furthermore, he claimed that holders of the coin who are expecting these ridiculous targets would be left with no significant results all the way down to the next bear market. As a result, he has cautioned the crypto investors against these absurd and speculative predictions within the community saying “Be careful who you listen.”

The Crypto Asset Is Like A Drunk And Abusive Father

Given XRP’s failure to initiate a major bull run since the 2021 cycle, unlike other notable coins, some crypto enthusiasts appear to have lost faith in the altcoin over time. Crypto expert, ProTheDoge, also known as Dogecoin Millionaire, in a recent post, has expressed his stark disbelief towards the altcoin, likening it to an irresponsible father.

Related Reading: Pundit Says XRP Price Will See 16,500% Rally To $100 – Here’s The Timeline

According to the trader, trusting in XRP is equivalent to depending on an abusive and intoxicated father who walked to the corner store to buy cigarettes and promised to return but never did, while thinking he still might return someday.

The trader later disclosed that he invested $10,000 in the altcoin, and after a period of 1 year, his investment is still valued at exactly $10,000, indicating a lack of growth.

XRP
XRP trading at $0.61 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Godspower Owie

Godspower Owie

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

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