Popular cryptocurrency analyst, “Credible Crypto” has echoed other professionals who forecast a surge in the price of XRP. The technical analyst, through a series of tweets, has provided a detailed explanation of XRP’s fundamentals to his 68,000 followers and justified his expectation of $20-$30 for the price of XRP in the next crypto market bullish run.
Nevertheless, the analyst rejected arguments above the higher end of his predicted range as unrealistic.
“Keep it real. XRP price IS NOT “pre-determined.” XRP IS NOT “backed by gold”. XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesn’t need to do ANY of these things to make you and me life changing money over the next 3 years.”
He further stated that he has no idea about long-term price target, but only expects XRP to hit somewhere between $20 and $30 over a period of 2-3 years, when next bullish run may become a reality.
Credible Crypto further states that a price of roughly $10,000 is not possible at all, as XRP’s market cap would then hit $1,000,000,000,000,000.
The analyst says “This is not happening”. Furthermore, it is “complete nonsense to try to compare the market capitalization of a cryptocurrency with an unrelated asset”.
Therefore, XRP could not be matched with “the market capitalization of Apple or Amazon”. At the same moment, he stated, it was “no nonsense to compare it with other related assets in the crypto space.” Eventually, as per the analyst, XRP, similar to any other crypto, is only “a moonshot.”
“If it ends up seeing real-world usage and adoption, then there is value in holding it, plain and simple. […] Literally, the entire crypto space right now is to some extent a speculative moonshot? XRP has more usage, adoption, and demand than most, which makes it a solid bet. That’s all any coin in the space is right now though- a bet.”
Keep it real.$XRP price IS NOT “pre-determined.” $XRP IS NOT “backed by gold”. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.
But it doesn’t need to do ANY of these things to make you and me life changing money over the next 3 years.
— Credible Crypto (@CredibleCrypto) October 2, 2020
As the analyst detailed, XRP, the native crypto of Ripple has far higher capability and is now getting adopted more than other altcoins. Therefore, Credible Crypto anticipates the forthcoming bullish run to be highly volatile as the earlier two. Nevertheles, XRP, according to him, could be one of the greatest beneficiaries, provided more real world cases come up.
“Let’s not kid ourselves, speculation is what is going to fuel the next bull run just like the last 2, and that speculation will also make many very wealthy, just like the last 2. […] I am saying we are still early. Real use cases and utility are (for most cryptos right now) something they are aiming to achieve, not something that they have at scale right now. Real use cases and utility will continue to grow with time.
Well, that’s what I’m saying – some projects, like XRP, have made significant progress and demonstrated their potential, but it will be many years before that potential is recognised and exploited on a large scale. Scale is the key here, it just takes time.”
