Crypto Investors “Will Sell Their Bitcoin” to Chase This Incoming Ripple (XRP) Price Pump – Analyst
A video from Moon Lambo addressed the possibilities of XRP price spiking based on multiple analysts’ expectations.
The sentiment among XRP holders is currently at the lowest point, but XRP chart analysts are the most optimistic they have ever been.
Some believe that by Christmas, many XRP holders could become significantly wealthier, predicting that XRP will change many lives.
What you'll learn 👉
Ripple’s XRP Price Explosion
Analysts expect a major price breakout for XRP, indicating a possible significant upside after years of market stagnation. There are expectations that this could happen towards the end of the year.
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Show more +XRP price has been consolidating above the accumulation range similar to pre-2020 rally patterns, suggesting a potential for significant gains by the end of the year. The presenter points to key technical indicators, such as breaking out of symmetrical triangles and RSI signals, to support the bullish outlook for XRP
Bitcoin (BTC) and XRP Relationship
The overall market’s performance, especially Bitcoin’s, is crucial as more money in Bitcoin translates to more potential investment in XRP and other altcoins.
A positive shift in Bitcoin’s fundamentals suggests potential upward movement for BTC, which could benefit XRP.
Read Also: DeFi 1.0 Tokens Show Promise in Current Crypto Market, Says Analyst: COMP, AAVE and UNI in Focus
Why BTC Holders Might Sell for XRP
As XRP’s price starts to rise, the presenter believes that some BTC holders will sell their Bitcoin to purchase XRP, driven by the fear of missing out (FOMO) on XRP’s potential gains.
Historically, during major price movements, investors tend to switch their holdings to the asset showing significant growth potential.
The speaker emphasizes the importance of patience in investing, highlighting his long-term holding strategy since 2017 without selling at market highs or lows.
He stresses not to fall victim to greed and the necessity to become risk-off when faced with life-changing wealth.
XRP Price Predictions from Notable Analysts
Analysts like Bobby A and others are highly bullish on XRP, with predictions of significant price increases.
Some specific price targets mentioned include $1.25, $1.57, and potentially higher long-term targets, although these are seen as conservative by some in the community.
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