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Crypto Bitlord predicts XRP will surpass ETH and BTC, sparking community reactions.
Crypto Bitlord, a veteran in the crypto sector, recently predicted that XRP will surpass Ethereum and potentially even Bitcoin in the current market cycle.
This bold prediction came just a day after Grayscale, a leading crypto asset manager, highlighted XRP as one of the most valuable crypto assets in the industry. Bitlord’s statement has sparked widespread discussion and interest in XRP’s potential.
Call me delusional
But I think $XRP will flip $ETH this market cycle
-Maybe even $BTC
I expect it to suck so much liquidity out of the market whole sectors will be rugged to feed the ripple monster higher
Fomo like you’ve never seen. Pure panic.
— Crypto Bitlord (@crypto_bitlord7) July 13, 2024
Crypto Bitlord predicts that XRP’s rise will draw massive liquidity from the market, causing entire sectors to be destabilized to fuel its ascent. He anticipates unprecedented levels of FOMO, leading to widespread panic as investors scramble to capitalize on XRP’s potential surge.
Community Reaction and Market Insights
The prediction has elicited strong reactions from the crypto community. Enthusiasts and experts are weighing in on the potential of XRP to achieve such significant growth. Some community members express optimism, viewing this as a golden opportunity. They believe that XRP’s historical performance and recent developments support Bitlord’s prediction.
Others are more skeptical but acknowledge the historical significance of similar market movements. This skepticism is rooted in the volatile nature of the cryptocurrency market and the challenges XRP has faced in the past. However, Bitlord’s confidence in XRP’s potential has encouraged some to reconsider their positions.
Rob Cunningham from the KUWL.show supported Bitlord’s view, suggesting that XRP and XLM will eventually move more gross value daily than the total gross value of all S&P 500 companies combined. This statement underscores the belief among some experts that XRP has the potential to revolutionize the financial industry.
#XRP & #XLM will move more gross value every single day that the total gross value of all products & services of ALL S&P 500 Companies, combined.
Internet of Value (currencies, tokenized RWAs, derivates, debt, insurance, commodities, real estate, options, equities, etc., is… pic.twitter.com/A96xbEFytL
— Rob Cunningham | KUWL.show (@KuwlShow) July 13, 2024
Some community members even note that XRP’s recent technical performance, including its breakout from a falling wedge pattern, aligns with Bitlord’s optimistic outlook. Others remain cautious, citing the need for more substantial evidence before making such bold claims.
Recent Performance
Notably, on the same day as Bitlord’s prediction, technical analysis revealed a significant bullish development for XRP. Captain Faibik highlighted that XRP had broken out from a falling wedge pattern on the daily chart.
$XRP #XRP Falling Wedge Upside Breakout..🔥📈 https://t.co/3pW8YDsVCk pic.twitter.com/XJWUOhW9sW
— Captain Faibik (@CryptoFaibik) July 13, 2024
This technical pattern often indicates a bullish reversal, which was confirmed by XRP’s subsequent price movements. In the last 24 hours, XRP’s price increased by 10.56%, and over the past week, it surged by 17.98%. These gains have added to the speculation about XRP’s future performance.
Grayscale’s Spotlight
A day before Crypto Bitlord’s prediction, Grayscale spotlighted XRP in its weekly highlight of prominent crypto assets. The report featured XRP alongside Bitcoin and Ethereum, noting its market cap of $25 billion. Despite a challenging week for most of the top ten crypto assets, XRP maintained its position.
The weekly snapshot from Grayscale showed that while Solana and Tron posted positive returns, other assets like Dogecoin and Toncoin experienced significant declines, with Dogecoin dropping by 9% and Toncoin by 8.3%. XRP, Ethereum, and Binance Coin each saw a 6% decline in value over the week, while Bitcoin’s value dropped by 4.4%.