- Analyst sets $10 for XRP as a long run ATH target.
- Can the Ripple altcoin hit the target this year?
- So far, realistic new ATH targets for XRP sit between $7 and $10.
The crypto market continues to move sideways in a tug-of-war movement between bullish and bearish sentiments and expectations. Presently, as the price of BTC dips under $80,000 and the price of ETH holds onto prices above $2,000, the hope for a bullish altseason to arrive soon remains strong. One analyst sets $10 for XRP as a long run ATH target, can the Ripple altcoin hit the target this year?
Analyst Sets $10 for XRP as a Long Run ATH Target
Ever since Ripple won its case against the SEC, expectations for the altcoin to set new ATH prices in the coming bull cycle have been high. Soon after the case concludes in favor of Ripple and XRP, the price of XRP saw two parabolic price pumps, which gave long-term holders a great relief. However, despite this bullish surge, the price of XRP failed to set a new ATH price that cycle.
This led to multiple altcoin and XRP specialists to take a closer look at crypto price charts. To highlight, the price of XRP was one among many promising altcoins that failed to set new ATH prices thas cycle. In fact, only a handful of altcoins went on to set new ATH prices this cycle, and these new ATH targets were not as impressive as those ATH price surges altcoins set in the peak altseason pump phase in previous bull cycles.
This led to most experts concluding that the main altseason peak phase has yet to arrive, meaning the traditional 4-year bull cycle may no longer be in play. Many financial experts think that a 5-year supercycle may play out instead, meaning new ATH prices for both Bitcoin and altcoins could go on to hit more new ATH prices in the coming months ahead. Some even expect the main altseason peak phase to arrive next year if liquidity fails to move quickly this year.
As we can see from the post above, this XRP enthusiast, trader, and investor goes on to highlight the many hyper bullish expectations for XRP ATHs. He sheds light on $50 ATH targets and says that this is overshooting and that a more realistic target for the popular altcoin is $10. This is a bullish target as it means XRP could experience a 7x price pump over the coming months.
Can the Ripple Altcoin Hit the Target This Year?
The analyst also believes greater dips may arrive first, marking a bullish sign for accumulation when the XRP price hits targets between $0.70 and $1. Along the same vein, another XRP enthusiast and crypto expert shares his prediction for the promising altcoin. To highlight, he states that XRP can go up to $7.49 ATH by June 22, but expects a short dip to the $5.60 price range by July 20.