Crypto analyst CryptoBull put out a lofty price prediction for XRP, the native token of the Ripple payment network.
In a tweet on Thursday, CryptoBull noted that during its first major bull run, XRP surged from $0.002 to $3.84. He believes that if XRP follows the same pattern in the current bull market, it could reach up to $220.
If we follow the very same pattern this bullrun we could find XRP at $220,” CryptoBull stated.
In a follow-up tweet, he clarified that his analysis is theoretical and based solely on past performance trends. CryptoBull indicated he plans to start selling some XRP holdings if the price reaches $5, but will keep a portion in case the $220 target is met.
Ripple has been engaged in a legal battle with the SEC over whether XRP should be classified as a security. A ruling is expected sometime this year and could have significant implications for XRP’s future.
The bold prediction sparked debate within the crypto community, with some arguing it is unrealistic while others say Ripple’s increasing global adoption could propel XRP’s value to new heights.
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