Crypto Analyst Advises Caution as He Predicts XRP Price Surge in Upcoming Bull Run

Crypto Analyst Advises Caution as he Predicts XRP Price Surge in Upcoming Bull Run

Captain Faibik, a pro-Bitcoin cryptocurrency analyst, expressed his opinion that the impending bull run may cause XRP to fly to incredible heights between $25 and $30. Although he was upbeat, he cautioned, stating that the current phase should be treated with a level head. He warned people not to give in to FOMO (Fear of Missing Out) and assured  them that the projected bull run was not just wishful thinking, but rather a question of time. Therefore, he urged investors to adopt a steady and patient accumulation strategy. 

Faibik provided a historical chart outlining the intriguing pricing patterns of XRP to support his claims. The chart showed instances where the token converged just before witnessing significant increases since 2014. The digital asset is expected to increase to a remarkable $26.57, which would represent an astounding 2396.97% gain, based on the price pattern of XRP shown on the chart.

Related Reading: XRP’s AUM Products Sees Huge Spike in July; Here’s Why

Faibik Response to Crypto Enthusiasts’ Reactions

As the tweet gained traction, reactions from crypto enthusiasts were mixed. One expressed skepticism and asked Faibik about the potential market cap if XRP were to reach those figures in fact. Faibik replied succinctly: “Anything is Possible in Crypto..” 

Surprisingly, assuming the 52.69 billion circulation supply remains unchanged, XRP’s market capitalization would soar to a staggering $1.4 trillion if it ever rallied to the $26.57 price objective. To put things in perspective, the market value of all cryptocurrencies is approximately $1.18 trillion.

A commentator’s analysis of the arithmetic underlying the forecast led to more skepticism. He forewarned that a price increase of this size would push the market capitalization well above the trillion-dollar threshold. He gave a more modest prediction of at most $5 to $8.

Notably, the $30 forecast is only one of several audacious XRP price forecasts that have filled the cryptocurrency world ever since it was determined that it is not a security. As was reported, a well-known member of the crypto community predicted that XRP would hit $20,000. Leading figures in the XRP community have cautioned against expecting XRP to trade at astronomical prices, saying that this could damage the currency. The live XRP price today is $0.711925 with a 24-hour trading volume of $1,477,879,930. XRP is down 0.66% in the last 24 hours.

XRP is down 0.66% in the last 24 hours. Source: CoinMarketCap

Read Also: Ripple (XRP)’s Legal Battle and Promising Potential: AI Chatbot Forecasts an 80% Surge

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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