Ripple on the Rise? Crypto Analyst Bullish on XRP Price Despite Lag

Published by

Zameer Attar

March 14, 2024

Renowned crypto commentator Zach Rector is standing firm in his support for XRP, despite concerns about its performance compared to other top cryptocurrencies. While assets like BNB, Solana (SOL), Cardano, Dogecoin, and Avalanche have seen huge surges, XRP’s growth since October 2023 has been more modest, at just 50%.

However, Rector remains confident that XRP will prove its worth in the ongoing bull market.

Is there a reason he’s this sure? Let’s find out.

A Flicker of Hope

Acknowledging the frustrations of the XRP community as they watch other coins take off while XRP seems to lag behind, Rector offers a ray of hope: XRP won’t be left out of this bull run. He admits it’s tough to hold onto XRP during slow periods but advises investors to focus on its underlying strengths.

Rector believes XRP is the top crypto project, citing its solid fundamentals and potential for real-world adoption. He challenges skeptics to find another project with better fundamentals and adoption rates. Despite recent challenges, Rector remains positive about XRP’s future.

What are the Signs of Promise?

Pointing to a recent price surge from $0.61 to $0.74 in a single day, Rector sees this as a good sign for XRP’s potential gains during the current bull run. Although XRP missed out on the 2021 bull season due to legal issues, Rector thinks it’s ready for a comeback.

However, there are conflicting predictions about XRP’s future. CoinPedia forecasts XRP’s price for the week to range between $0.583 and $0.680, while the current value sits at $0.7008, indicating a potential rally. Despite this, some buyers remain skeptical about XRP’s downward trend and its ability to bounce back. Nonetheless, Rector and others foresee XRP reaching $10 during this bull season.

Stay Optimistic… Cautiously!

LEB CRYPTO, a prominent X user, supports the notion that XRP’s peak might coincide with or shortly after the Bitcoin halving, expected next month. According to their analysis, this scenario aligns with Bitcoin’s potential surge above $100k before the halving, followed by a significant altcoin rally where XRP will shine for a brief period.

On the other hand, pro-Ripple lawyer Bill Morgan, while optimistic about XRP reaching around $2 in April or May, is cautious about predicting a new all-time high just yet.

Despite differing opinions, one thing is clear: XRP’s journey in the coming months will be closely watched by investors worldwide.

Also Read: Altcoin Explosion: The Must-Buy Cryptos for Massive Profits!

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.