Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market
March 14 2024 - 1:30PM
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Despite XRP lagging in this early stage of this bull run, crypto
expert Zach Rector has shared his belief and given reasons why the
crypto token is still bound to perform well. He went as far as
ranking the token up there with Bitcoin to drive home his point on
why the token will make a run soon enough. “XRP Will Not Miss
This Bull Run” Rector mentioned in an X (formerly Twitter) post
that XRP will not miss this bull run. In the accompanying video,
the crypto expert highlighted the crypto token’s fundamentals as
one of the reasons he holds this belief despite XRP’s tepid price
action. Rector further claimed that the token and XRP Ledger (XRPL)
have some of the best fundamentals in the crypto space.
Related Reading: Dogecoin Influencer Sounds Critical Warning Alarm
For Scams Targeting The Community Rector even challenged his
followers to mention any other crypto token with a better
fundamental than XRP. According to him, Bitcoin is the only other
token that comes close to XRP in that regard. His statement echoes
the sentiments of Ripple’s CEO Brad Garlinhouse, who recently
stated the importance of real-world utility in driving a crypto’s
growth. Meanwhile, Rector alluded to XRP’s recent pump as a
sign of the great things to come for the crypto token. On March 11,
XRP climbed to as high as $0.74 before seeing a sharp correction.
However, the community will hope Rector’s conviction is
correct, considering that XRP didn’t make any significant statement
in the 2021 bull run. As Rector noted, community
members’ faith in the token is fast waning, and there is a belief
that a repeat of the altcoin’s sluggish 2021 run will ultimately
erode this faith. XRP getting close to or surpassing its all-time
high (ATH) of $3 will be a great place to start if it is to make a
run in this bull run. Time For Price Predictions To Come True
Crypto analysts like Crypto Rover and Egrag Crypto had before now
made bullish price predictions for XRP, which are meant to be
actualized sometime around this period. On his part, Crypto Rover
predicted that the altcoin would see a “massive breakout” this
March. Meanwhile, Egrag predicted that XRP will rise to $5 between
now and April. Related Reading: Samson Mow Gives Reasons Why
Bitcoin Price Could Reach $1 Million This Year Other analysts like
Dark Defender have also fuelled expectations for XRP this period.
Dark Defender, in particular, recently stated that the next target
for toke is the $1.33 price mark and that the $1.88 and $5.85
Fibonacci targets could be attained in the upcoming weeks. At
the time of writing, XRP is trading at around $0.686, down over 1%
in the last 24 hours, according to data from CoinMarketCap.
Token price at $0.68 | Source: XRPUSDT on Tradingview.com Featured
image from Bitcoin News, chart from Tradingview.com
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