XRP shows another strong price increase today, partly thanks to the launch of the RLUSD stablecoin. As a result, the price is now moving around $2.70. According to analyst CryptoInsightUK, investors do not have to wait long and we can count on a new all-time high (ATH) before Christmas.
The British analyst is aiming for a valuation of $5. Compared to a recent price of approximately $2.58, that would represent an increase of more than 93%.
XRP Community Responds
CryptoInsightUK took it a step further by posing the same question to its followers: what do they expect from XRP? Remarkably, a significant proportion share his optimism. For example, 26% expect the price to rise above $5, while 30% expect a value between $3.30 and $5 before Christmas. The largest single segment, about 36%, expects only modest or no increase. Finally, 8% are ‘bearish’ and think the price will fall below $2.
‘Disrupted rise’ coming
Another analyst, Credible Crypto, is also optimistic. He even predicts a “crazy surge” that is about to begin. He bases this expectation on Elliott Wave theory, an analysis method that assumes that markets move in repeating waves. According to this theory, the price could even reach $20.
Still, Credible Crypto warns of significant volatility before this peak is reached. For example, XRP can first dip below $2 to find support before the real upward movement starts. In that scenario, the pessimistic respondents from the CryptoInsightUK poll would temporarily be proven right. However, once that support is confirmed, he believes a rise towards $3 is within reach.
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Source: https://newsbit.nl/analist-legt-uit-waarom-xrp-de-5-kan-aantikken-voor-kerstmis/
