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Veteran Trader Issues Timeline for XRP to Range $3 and $5

source-logo  thecryptobasic.com 22 April 2024 06:37, UTC

Prominent crypto trader Ash Crypto, boasting over 1.1 million followers on X, has issued a timeline for XRP to hit between $3 and $5.

In a recent post on X, Ash Crypto, who claims to have ten years of experience in crypto trading, revealed his outlook for XRP and 12 other digital assets. The list largely contained some of the most prominent cryptocurrencies. He suggested a one-year to 15-month timeline for the cryptocurrencies to attain his projected price targets.

XRP To Range $3 and $5 by Next September

Specifically, for XRP, the prominent trader suggested the asset could be worth between $3 and $5 in the next 12 to 15 months. Notably, this analyst offered no specific factor upon which his bullish forecast was formed besides the general optimism expected to ride the crypto after Bitcoin’s halving.

At press time, XRP changes hands at $0.5271. The lower limit for Ash’s target demands a 469.15% surge for XRP. Conversely, the crypto asset must rally 848.58% to attain the projected upper limit of $5 by next year.

Moreover, the analyst’s proposed 12—to 15—month timeline implies that he foresees XRP witnessing this near nine-fold price expansion between April 2025 and September 2025, which is predicted to be the height of this bull season.

Significantly, the projection of XRP reaching $3 during the peak of this bullish phase suggests that holders may once more find themselves on the sidelines of the buoyant market. Specifically, the target falls short of the $3.84 price level XRP achieved in January 2018.

Long-term XRP holders missed out on the bull market of 2021, with the asset peaking at $1.9. Many enthusiasts attributed this underperformance to the SEC lawsuit. However, this barrier is no longer a factor in the current season.

Other Analysts Disagree

Furthermore, some other market analysts have disagreed with Ash’s timeline for XRP to hit $3. For instance, according to analyst Mikybull, XRP attaining $3 is more of a mid-term target than its peak for this cycle.

Remarkably, analyst Capt Toblerone has even argued for a potential 15X surge that could take XRP to $10 in the short term.

At press time, XRP trades at $0.5281, marking a 4% gain in the last 24 hours and 12.94% negative growth in the last month.

thecryptobasic.com