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XRP won't miss this bull run, XRP will rise to $5 in April?
Rector mentioned in an X (formerly Twitter) post that XRP won't miss out on this bull run. In the accompanying video, the crypto expert highlights the fundamentals of crypto tokens, which is one of the reasons why he holds this belief despite the tepid XRP price action. Rector further claims that the coin and the XRP Ledger (XRPL) have some of the best fundamentals in the cryptocurrency space.
Rector even asks his followers to mention any other crypto token that has a better base than XRP. According to him, Bitcoin is the only token that comes close to XRP in this regard. His statement echoes the sentiments of Ripple CEO Brad Garlinhouse, who recently noted the importance of real-world utility in driving cryptocurrency growth.
Meanwhile, Rector mentioned XRP's recent rally as a sign that the crypto token is about to usher in a great development. On March 11, XRP climbed to a high of $0.74 before seeing a sharp pullback. However, considering that XRP didn't make any major announcements during the 2021 bull run, the community hopes that Rector's beliefs are correct.
As Rector points out, community members' confidence in the token is rapidly waning, and it is believed that the altcoin's sluggish 2021 run will eventually erode that confidence. If XRP wants to rise in this bull run, then approaching or surpassing the all-time high (ATH) of $3 would be a good place to start. #山寨季开始#
Crypto analysts such as Crypto Rover and Egrag Crypto have previously made bullish price predictions for XRP, which are expected to materialize sometime during this period. Crypto Rover predicts that altcoins will see a "massive breakout" in March of this year. Meanwhile, Egrag predicts that XRP will rise to $5 between now and April.
Other analysts, such as Dark Defender, have also sparked expectations for XRP during this period. In particular, Dark Defender recently stated that toke's next target is the $1.33 price mark, and the Fibonacci targets of $1.88 and $5.85 could be achieved in the coming weeks.
According to the data, XRP was trading at around $0.686 at the time, down more than 1% in the last 24 hours
(Source: Scott Matherson)