Seasoned Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds
October 28 2024 - 11:00AM
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A well-experienced trader recently got significant attention after
making a bold statement that an XRP price hike could be somewhere
between $30 to $35 based on his assumptions of the market. Related
Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ –
Details Critics slammed his forecast, but Ralston Maximus, a
seasoned investor, defended that the predicted price of XRP
climbing to $35 is reasonable. XRP: A ‘Ridiculous’ Target? Another
trader expressed his skepticism on the possibility that XRP could
have such exponential price growth. In a post, @Phoddler was left
in awe of disbelief at Maximus’ price assumption on XRP, calling it
a “ridiculous” target. According to @Phoddler, based on his
estimates, the price target is simply unattainable. He accused
Maximus of proliferating price targets that are excessively
optimistic, adding that it could harm the lives of investors who
will believe in such exaggerated price predictions. Reality is, it
was never looking to break out, thers it much more chance of seeing
30 cent than $7 — MXRP (@phoddler) October 22, 2024 He argued that
it is more realistic to predict a price hike of $0.30, insisting
that a $30 to $35 hike or even an increase of $7 might sound
unreal. Hitting $35 Feasible? Maximus remained firm in his bold
assumptions about XRP, saying that he is only telling the truth and
being honest about a possible breakout for the digital asset. How
the fuck is $30-35 a ridiculous target? It’s the larger measured
move $30-35. $7 is the smaller measured move. I’m a trader with my
one long term bag $xrp. We got bent up until breakout. The
difference is I’m honest about it. Missed opportunity is missed
opportunity. U Fk. https://t.co/SGXARjCNmt — Maximus Prime
(@RalstonMax) October 22, 2024 He explained that the target is not
ridiculous since the $30 to $35 price target represents the most
optimistic outlook or as he describes, “The larger measured move.”
On the other hand, the price target of $7 is also not irrational
because the figure is the conservative assumption for the price
rally, adding that the target will remain as a vision until the
breakout finally occurs. He also defended that he is a long-term
XRP trader and has great confidence in the future of the crypto.
Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin
Blazes Past $67,000 Drawing Inspiration From Ethereum Other market
observers also agree that a double-digit price for XRP is
realistic, citing the possible price upsurge for Ethereum. Although
they are predicting a price of $35, they believe that the altcoin
can experience a price hike and hit anywhere above $10. At the time
of writing, XRP is being traded at $0.5159, which is slightly up by
0.3% in the last 24 hours, data from CoinMarketCap shows. Featured
image from Trackinsight, chart from TradingView
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