Analyst Crypto Bitlord has presented an aggressive forecast for XRP, claiming its price could rise to $2500 in the near future based on historical examples.
XRP Growth Forecast
Crypto Bitlord posted a chart showing the current value of XRP at $2.8, noting a 1.25% increase for the day. He argues that a price surge similar to that of 2017 could push the token to at least $2000. He stated: '$XRP at $2500 isn’t just a dream. Because a pump like 2017 would easily clear $2000. Fact: The yearly resistance is now free, so expect vertical price discovery.'
Other Analysts' Doubts
Opinions among users in the crypto community regarding Bitlord's forecast vary significantly. Analyst TM Research expressed cautious optimism, noting that the move into price discovery may be impressive, but doubts $2500 will be achieved. STU questioned the realism of such expectations, pointing out unrealistic market capitalizations at such levels.
Historical Trends and Current Situation
The chart shared by Crypto Bitlord illustrated previous significant price movements exceeding 80,000%. He highlighted the current price of $2.69, indicating that XRP is positioned for another upward wave now that historical resistance has been cleared.
Crypto Bitlord's forecasts for XRP evoke both hope and skepticism within the community. As XRP continues to hover around $3, questions about its long-term trajectory remain prominent among analysts and traders.
