Experts Anticipate Bullish Run for Ripple (XRP) Price Despite Ongoing Downtrend
Leading crypto commentator Zach Rector has become a vocal advocate for XRP, despite concerns about its performance compared to other top cryptocurrencies. Despite XRP’s modest growth of 50% since October 2023, which pales in comparison to the exponential surges seen in other assets, Rector remains steadfast in his belief that XRP will prove its worth in the ongoing bull market.
Addressing the frustrations of the XRP community, who have seen other coins skyrocket while XRP lags behind, Rector injects hope by stating that XRP will not miss this bull run. He advises investors to focus on the coin’s underlying fundamentals and value proposition, acknowledging that holding onto XRP during the slow period can be challenging.
Rector believes that XRP is the best crypto project due to its solid fundamentals and real adoption potential. He challenges skeptics to find other projects with better fundamentals and adoption numbers. Despite XRP’s recent struggles, Rector remains positive about its future and believes it will eventually shine.
Highlighting XRP’s recent price surge, Rector sees it as a promising sign of the coin’s potential for significant gains during the current bull run. While XRP may have missed out on the 2021 bull season due to legal challenges and regulatory uncertainty, Rector believes it is poised for a comeback.
However, CoinPedia predicts that based on trader activity, XRP will end the week somewhere between $0.583 and $0.680. It’s worth noting that XRP is currently at $0.7008, up 13.3% in the last 24 hours. This may indicate a rally, especially as Bitcoin is at its peak and the halving is approaching.
Buyers are still skeptical about XRP’s downtrend and rise potential. Some in the crypto community doubt XRP’s ability to regain its past glory, but Rector is confident that it will hit the mark this season. Experts foresee a scenario where XRP could easily reach $10 during this bull season, showing their confidence in its long-term prospects.
LEB CRYPTO, a prominent XRP user, supports the idea that XRP’s peak may coincide with or shortly follow the Bitcoin halving expected next month. They believe this aligns with Bitcoin’s potential surge above $100k before the halving, followed by a significant altcoin rally where XRP will shine briefly.
While pro-Ripple lawyer Bill Morgan partially agrees and suggests that XRP could spike to around $2 in April or May, he remains cautious about predicting a new all-time high at this stage.