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Is a $6 Price Target for XRP Too Conservative?
A well-known market analyst has recently commented on the $6 per coin prediction for XRP, a popular cryptocurrency. According to Crypto Bitlord, this figure is far too conservative. He has boldly suggested that the real target for XRP is a staggering $589 per coin. Those who doubt this ambitious target, he argues, are simply “not delusional enough.”
Three-Figure XRP Price: An Ambitious Dream or Reality?
Current data reveals that XRP is a top performer in the market, especially during the recent Trump-driven digital asset bull run. With this backdrop, market experts like Crypto Bitlord are once again proposing a price target of $589 per coin. He insists that the predictions of $6 made by other commentators are not ambitious enough.
Crypto Bitlord took to social media to express his views, stating, “You’re not delusional enough with your price targets $XRP $589.” He believes that many market observers are making conservative forecasts, and he finds a price of $589 per coin to be very feasible. While in the past, he faced skepticism and criticism for his bold claims, the current strong performance of XRP in the bull market has allowed him to respond to his critics, suggesting that they are not “delusional” enough.
Is a $589 Price Target Unrealistic?
Despite Crypto Bitlord’s confidence, several traders within the XRP community remain skeptical about the $589 target. Earlier this month, another crypto analyst, Tony Edwards, dismissed this target as a “fantasy.” He argued that such astronomical price predictions are delusional, stating that those expecting XRP to reach $589, $1,000, or even $10,000 are “smoking crack.”
Edwards has set his price target for XRP between $5 and $8 for this cycle, choosing to stay conservative. He highlighted that achieving a three-figure price would require XRP’s market capitalization to reach an astronomical $33 trillion, which surpasses the combined market cap of the top 20 American companies.
XRP’s Impressive Market Performance
Despite differing opinions on its future value, XRP has shown remarkable performance in the ongoing crypto bull market, influenced by Donald Trump’s return to the White House. Over the past month, the price of XRP has climbed by 121%, and it continues to rise, recently reaching nearly $3.
A report by CNBC highlighted XRP as the “biggest winner” in the Trump-driven cryptocurrency rally. Since Trump’s election win, XRP’s price has soared by an impressive 370%, significantly outperforming the broader digital asset market. In comparison, Bitcoin has only increased by 45% during the same period, while the entire cryptocurrency market has grown by 91%.
As of the latest figures, XRP is trading at $2.36, with a total market capitalization standing at $136 billion.
