Recently, Oscar Ramos, a prominent analyst, stated that low prices for XRP may be in the past. He discussed current market conditions and the likelihood of XRP returning to below $2.
Oscar Ramos' Forecast
In a recent livestream shared on X, Ramos indicated that the opportunity to purchase XRP for less than $2 may have permanently passed. He emphasized that the token's recent price surge to approximately $3.50 makes a return to lower levels increasingly unlikely.
Factors Behind the Outlook
Ramos highlighted several developments supporting his position. He pointed out a decrease in Bitcoin dominance, suggesting that capital is flowing into alternative cryptocurrencies. He believes this trend may indicate the onset of an altcoin cycle, where tokens like XRP could outperform Bitcoin.
Accessibility Issues for XRP Investors
Concerns have been raised within the XRP community regarding the token's accessibility for retail investors. For example, Edoardo Farina noted that the average retail investor is unlikely to afford holding 10,000 XRP, valued at over $22,000. This raises questions about XRP's affordability for everyday buyers.
In summary, analysts and community members suggest that the chances of XRP returning to below $2 are diminishing. With current market conditions, XRP's future appears more promising.
