thecryptobasic.com
Bitlord, a prominent investor who has been in the crypto market for over a decade, has declared that XRP is “ready” for an uptrend that could reward holders with millions.
XRP has struggled to experience a sustained uptrend in the past few days since the crypto market turned bullish again. Over the past week, top crypto assets like Ethereum and Solana (SOL) have seen over 10% gains. In contrast, XRP has seen just 3.53% growth.
Also, in the last 24 hours, XRP has dipped by 1% while other rivals are seeing positive gains of over 3%. In other words, XRP is yet to fully benefit from the ongoing bullish sentiment riding the crypto market.
“XRP is Ready” for Parabolic Move
However, veteran crypto trader Bitlord believes XRP is about to embark on a bull run. “I think XRP is ready,” he said, predicting a parabolic explosion within a 24-hour window.
“…Expecting a parabolic explosion vertically within 24hrs.”
Notably, Bitlord made this bullish call on XRP on Sunday evening, and at press time, XRP’s price movements have remained passive.
Meanwhile, Bitlord told crypto market participants that the anticipated uptrend could make investors who perfectly time the market millions of dollars, warning them not to ”sleep” on it.
“Don’t sleep; millions can be made timing this move.”
During the weekends, XRP briefly recaptured the $0.6 region, rallying up to $0.61, a fresh high price since last month. However, the bull momentum lost steam. Since reaching $0.61, XRP has fallen to a low of $0.5796.
This brief spike in XRP’s price over the weekend likely boosted Bitlord’s confidence in a continued bull trend, as he didn’t specify any particular reason behind his bullish stance on XRP.
XRP Party Starting Up Again
In a follow-up post, Bitlord expressed disappointment over the negativity directed at XRP amid his bold prediction. This skepticism stems from XRP’s price movements this year, where market watchers have continuously forecasted a “bullish breakout” for XRP. Yet, the anticipated rise has not materialized, with XRP experiencing minimal movements.
XRP’s underperformance compared to other cryptocurrencies during bullish trends has led many to question its potential for significant gains.
However, Bitlord attempted to reinforce his conviction by recalling that the last time he made a similar call for XRP, “it moved a few billion.”
This was on July 11, when he boldly predicted that “something big” was on the horizon for XRP. At that time, he encouraged market participants to buy more XRP for “the love of God.”
Since that call, XRP has indeed seen notable growth and has continued to preserve most of them. At the time, XRP traded around $0.43, and the asset surged to $0.6366 just six days later, a 48% gain.
“Now I’d like to see that party start up again,” the seasoned investor concluded.