Trader Predicts XRP Price Could Rise to $30-$35 Amid Criticism
A trader has gained attention for predicting that XRP's price could rise to between $30 and $35, based on market assumptions. Ralston Maximus, a seasoned investor, defended this forecast as reasonable despite criticism.
XRP: A ‘Ridiculous’ Target?
Another trader, @Phoddler, expressed skepticism regarding Maximus' prediction, labeling it “ridiculous” and asserting that such exponential growth is unattainable. He suggested a more realistic target of $0.30, arguing that predictions exceeding this could mislead investors.
Reality is, it was never looking to break out, thers it much more chance of seeing 30 cent than $7
— MXRP (@phoddler) October 22, 2024
Hitting $35 Feasible?
Maximus maintained his stance, stating that the $30 to $35 target reflects a larger measured move in the market. He characterized the $7 target as conservative and emphasized his long-term commitment to XRP.
How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk. https://t.co/SGXARjCNmt
— Maximus Prime (@RalstonMax) October 22, 2024
Maximus asserted confidence in XRP's future potential and noted that while the $30 to $35 target represents an optimistic outlook, the $7 target remains a viable long-term goal until a breakout occurs.
Drawing Inspiration From Ethereum
Market observers suggest that a double-digit price for XRP could be achievable, particularly in light of Ethereum's recent performance. While some predict a price of $35, others believe XRP may exceed $10.
Currently, XRP trades at $0.5159, reflecting a 0.3% increase in the last 24 hours, according to CoinMarketCap.
Featured image from Trackinsight, chart from TradingView