Is it too late to buy XRP? The crypto asset has surged from $0.55 to an impressive $1.85 ($1.82 at the time of this writing) in the past month.
Sideline viewers continue to see XRP break level after level each day, wondering if it’s too late to even buy XRP.
Afterall, XRP has risen more than 251% in the past month alone.
So, is to too late to buy XRP?
The answer is a reassuring no.
Despite XRP’s current price surge, the crypto’s market cap is expected to continue rising as more investors pile in due to several developments, including XRP’s latest exposure to millions of new traders on Robinhood.
If you missed my previous analysis on XRP, you missed a great entry from $1.47 to its current levels.
But not all hope is lost, even as the cryptocurrency continues to break structure.
XRP is about to retest $1.88 — if it breaks past it, XRP is poised to hit $2.00 per token and beyond.
You’ll want to get in once we realistically touch $1.89.
However, if XRP rejects this $1.88 level, we can expect it to come back down and retest $1.75.
Here, you’ll want to open a position at a bounce (keyword bounce), at around $1.76-$1.77.
So, if you’re looking to profit from XRP’s current bullish momentum, no it’s not to late to buy it.
Especially if you’re looking to get out at its all-time high (ATH) price range at $3, which in this case there is plenty of room for heft gains (depending on how you position yourself).
Crypto Sensei forecasts that XRP could reach between $100 and $9,999 in the future, depending on its integration into the global money market.
His recommendation for investors to accumulate 10,000 XRP suggests an investment of approximately $16,200, which he acknowledges may be a substantial commitment for many retail investors.
Doyle’s bold projections imply that those holding 10,000 XRP could potentially see their investments grow to between $1 million and $100 million if XRP surpasses the $100 mark.
However, it’s important to note that this outlook remains speculative, with many analysts expressing skepticism about XRP reaching such heights in the near term.
Still, it is quite fun to read about wild price predictions from experts and analysts in the crypto space.
Luckily for you, we cover XRP News and market analysis from crypto experts and strategists, as well as from yours truly.
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