Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.
In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively increase one’s net worth in the coming years.
“Keep it real.
XRP price IS NOT ‘pre-determined.’
XRP IS NOT ‘backed by gold.’
XRP WILL NOT reach the prices BTC has ($10,000+).
XRP will NOT replace the dollar.
But it doesn’t need to do ANY of these things to make you and me life-changing money over the next 3 years.”
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 – $30 before the current bull market expires.
“…it’s gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now won’t sell soon.”
Not all analysts share Credible’s long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Ripple’s native asset.
“Don’t place your faith in XRP.”
Brand notes that Ripple’s ownership of more than half of the total supply of XRP is a potential liability. He believes the token has more downside potential as it continues to underperform relative to other major cap coins.
Meanwhile, Credible is also looking at the short-term performance of Bitcoin. He says the presence of Bitcoin bulls at immediate support of $10,400 may likely send BTC close to $12,000.
“10.4K-10.5K continues to hold. Number go up. BTC”