Expert trader Altcoin Moe has shared his practical price predictions for XRP and other cryptocurrencies in light of recent market fluctuations, indicating that XRP could potentially soar by 870%.
This past week, the cryptocurrency market witnessed noteworthy price shifts, especially with Bitcoin experiencing substantial gains. In contrast, altcoins such as XRP showed little movement, trading within a tight range of $0.51 to $0.53, while Bitcoin climbed to an impressive $73,500.
The stagnation of XRP during this bullish market phase has drawn the attention of investors and analysts alike. However, supporters of XRP remain hopeful that the cryptocurrency will eventually start its own upward movement.
In the midst of this scenario, Altcoin Moe, a prominent full-time trader, took to X to share what he deems to be realistic price targets for key cryptocurrencies, including Bitcoin and XRP.
**Realistic Target for Bitcoin**
Leading Moe’s predictions is Bitcoin, which he anticipates could realistically reach a target of $115,000 at the peak of the current bull run. Just two weeks ago, a well-known financial platform suggested that Bitcoin might hit a high of at least $130,000 this season.
Meanwhile, other analysts have posited even more ambitious targets, suggesting that Bitcoin could reach anywhere from $200,000 to as high as $500,000. For instance, analysts at Bernstein consider $200,000 a conservative estimate, while Moe argues that such lofty expectations may not be feasible.
Interestingly, Bitcoin made an attempt to retest its all-time high this week, rising to $73,600 on Tuesday, but ultimately fell short of surpassing this level to establish a new record.
As for Ethereum, Bitcoin’s closest competitor, Moe projected that it could reach $8,000 during this bull run. Currently valued at $2,500, this would signify a staggering 220% increase, which Moe regards as realistic, in contrast to the 65% growth he anticipates for Bitcoin.
**Plausible Target for XRP**
Turning to XRP, the seventh-largest cryptocurrency, Moe indicated that a price of $5 is achievable. Presently, XRP is trading at approximately $0.5125. For XRP to hit $5, it would need to rise by 876%, resulting in a market capitalization of around $500 billion.
Other analysts have suggested that a more attainable target for XRP in this bull run could be between $2 and $3, particularly given its lackluster performance since the market trend began. Nonetheless, some optimistic XRP advocates believe that even a price of $15 could be within reach for the cryptocurrency.
**Disclaimer:** This content is intended for informational purposes only and should not be construed as financial advice. The opinions expressed in this article may reflect the author’s personal views and do not necessarily represent those of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
