XRP continues to attract attention from investors and analysts due to its recent price surge. The article examines the views of long-term investors and expert predictions.
Long-Term Investors Hold XRP
Popular YouTuber Moon Lambo shared that he started buying XRP in November 2017 at an average price of $0.25. Since then, he has not sold a single token, adhering to his strategy despite price fluctuations. His initial investment of $10,000 is now valued at approximately $140,000.
Analysts Targeting $5
Moon Lambo stated that his plan remains the same: he intends to sell XRP when the price hits $5. His confidence is echoed by other analysts, such as 24HRSCRYPTO, who has vowed not to post again until that mark is reached. Paul Barron reports a rise in XRP's Market Sentiment Index, signaling growing bullish momentum based on strong technicals and institutional interest.
Technical Analysis and Forecasts
Analysts highlight that XRP has been consolidating in the $3.40-$3.60 range recently, which may indicate a buildup for a breakout. Trader CasiTrades pointed out a classic bullish signal with a support-resistance flip. It is expected that upon breaching resistance, the price could reach $4.65.
In conclusion, XRP is captivating both long-term capital holders and those monitoring market trends. The market reflects increasing interest due to accumulation from large investors and recent improvements in technical indicators.
