A pseudonymous analyst has some hours ago caught the attention of the members of the crypto community with a bullish price prediction for the embattled cryptocurrency, XRP.
According to the crypto analyst identified on Twitter as XRPatience, if XRP price action plays out like that of 2013, XRP will set a new all-time high between $10 and $14 before the end of this bull cycle. He added that there are more reasons to believe that XRP will surge much higher.
XRPatience tweeted, “If this bull cycle is like 2013, then we can expect XRP to set a new high between $10 – $14 (based on fib extensions) before the next bear market ensues. But there’s reason to believe it will go much higher. How high?”
Similarly, the analyst pointed out that if this bull cycle has two alt seasons like 2017, XRP will get its full fib extension that will send its price to around $60 before the end of this bull cycle.
XRPatience wrote, “If this bull cycle is like 2017 (with 2 alt seasons) and XRP gets its full fib extension, that puts the price close to $60 at end of cycle.”
In conclusion, the XRP investor said:
“But based on this cycle’s long time between retests of major moving averages plus the fact that 2017 was a longer cycle than 2013, I expect 3 alt seasons this cycle. That would put us at Kevin Dixon’s projected target of around $120.
“To cover all bases I have price targets set at $10, $50 and $100 for my sells. Even hitting the first target sets me up for life, but I expect to hit the 2nd target and possibly the 3rd (if this cycle lasts as long as I believe it will).
“While it would be great to sell almost all my XRP @ $100, I won’t risk those targets not getting hit and me losing everything and missing out on retirement. That’s why I’m selling along the way. Not financial advice. You do you.”