Below are safe, possible and unlikely XRP price targets for this cycle

Altcoin Moe, a prominent cryptocurrency trader, divides XRP price targets into safe, possible and unlikely groups.

This revelation comes against the backdrop of uncertainty that has swept the broader cryptocurrency market, affecting alternative currencies such as XRP. This uncertainty is a product of A Massive withdrawal Led by Bitcoin (BTC) after hawkish comments from Federal Reserve Chairman Jerome Powell.

With XRP showing impressive resilience, the altcoin has been the subject of numerous analyses, with market watchers offering ambitious price targets.

Amid these bullish expectations, Altcoin Moe, who has a decade of trading experience, points out that some goals are realistic while others are realistic. only It is unlikely to come true. This was revealed recently RevealIt offers similar commentary for 29 altcoins, including XRP.

Safe and possible and XRP price targets are unlikely

According to the analyst, market commentators and investors who envision a 4x increase for XRP may be… In reality We see their expectations come true. Altcoin Moe rated the 4x projection as “safe” for XRP.

He believes that the price of XRP is likely to rise 4x in this cycle, which could push prices from the current $2.23 to $8.92, around the $9 level. Interestingly, while XRP was trading for $0.53 in September, analyst Big Mike said Expect a rise to $9.

Meanwhile, Altcoin Moe suggests that after the 4x drop, there is a 9x target for XRP in this cycle. maybe, But it failed to be classified as safe.

This indicates that although 9x is possible, unpredictable market conditions are able to hinder it. Such a 9x rise would put the price of XRP at $20. Two months ago, it was crypto YouTuber ModernInvest He claimed It would be strange if XRP failed to reach $20 this cycle.

More talk, Altcoin Moe then stressed that those who expect XRP to rise by 15 times may face disappointments, Because this gathering is “unlikely.” For context, a 15x increase from this level would pay XRP The price is in the $33 area.

Many market commentators like Wealth guru Linda Jones And the analyst Bobby A Expect XRP to rise to $33. In September, market watchdog EGRAG Crypto also did Expected Potential rise for XRP to $33, taking advantage of Elliott Wave and Fibonacci levels. XRP Shark Economist He insisted In July, XRP could still target $33.

XRP shows resilience

Altcoin Moe’s latest comment comes amid ongoing market turmoil. For context, Bitcoin recently collapsed from an all-time high of $108,000 to trade below $100,000. In response, XRP also observed a continuation landing, But he seems to be showing resilience, as it is Still Maintains 15% rise in December.

In comparison, Ethereum (ETH), the king altcoin, He is Down 8.09% in December, while Bitcoin fell He has It decreased by 2.34% this month. At press time, the price of XRP is changing hands for $2.23, maintaining the $2 price level, which it plans to leverage as a starting point when a market-wide recovery occurs.