Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market

Despite XRP lagging in this early stage of this bull run, crypto expert Zach Rector has shared his belief and given reasons why the crypto token is still bound to perform well. He went as far as ranking the token up there with Bitcoin to drive home his point on why the token will make a run soon enough. 

“XRP Will Not Miss This Bull Run”

Rector mentioned in an X (formerly Twitter) post that XRP will not miss this bull run. In the accompanying video, the crypto expert highlighted the crypto token’s fundamentals as one of the reasons he holds this belief despite XRP’s tepid price action. Rector further claimed that the token and XRP Ledger (XRPL) have some of the best fundamentals in the crypto space. 

Rector even challenged his followers to mention any other crypto token with a better fundamental than XRP. According to him, Bitcoin is the only other token that comes close to XRP in that regard. His statement echoes the sentiments of Ripple’s CEO Brad Garlinhouse, who recently stated the importance of real-world utility in driving a crypto’s growth. 

Meanwhile, Rector alluded to XRP’s recent pump as a sign of the great things to come for the crypto token. On March 11, XRP climbed to as high as $0.74 before seeing a sharp correction. However, the community will hope Rector’s conviction is correct, considering that XRP didn’t make any significant statement in the 2021 bull run.  

As Rector noted, community members’ faith in the token is fast waning, and there is a belief that a repeat of the altcoin’s sluggish 2021 run will ultimately erode this faith. XRP getting close to or surpassing its all-time high (ATH) of $3 will be a great place to start if it is to make a run in this bull run. 

Time For Price Predictions To Come True

Crypto analysts like Crypto Rover and Egrag Crypto had before now made bullish price predictions for XRP, which are meant to be actualized sometime around this period. On his part, Crypto Rover predicted that the altcoin would see a “massive breakout” this March. Meanwhile, Egrag predicted that XRP will rise to $5 between now and April. 

Other analysts like Dark Defender have also fuelled expectations for XRP this period. Dark Defender, in particular, recently stated that the next target for toke is the $1.33 price mark and that the $1.88 and $5.85 Fibonacci targets could be attained in the upcoming weeks. 

At the time of writing, XRP is trading at around $0.686, down over 1% in the last 24 hours, according to data from CoinMarketCap. 

Token price at $0.68 | Source: XRPUSDT on Tradingview.com

Featured image from Bitcoin News, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

The post Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market first appeared on Investorempires.com.

 

Inside China’s dominant auto industry | Investorempires.com

Read More | Columnists Inside China’s dominant auto industry Wednesday April 03 2024 Despite China leading in electric vehicle production, challenges abound. FILE PHOTO | AFP China Association of Automobile Manufacturers (CAAM) reported that in 2023, the country produced 30.161 million units and sold 30.094 million. In other words, they made more vehicles than half […]

John Gachora: NCBA CEO on why fundamentals are not explaining shilling performance | Investorempires.com

Read More | Boss Talk John Gachora: NCBA CEO on why fundamentals are not explaining shilling performance Friday March 29 2024 NCBA CEO, John Gachora. ILLUSTRATION | JOSEPH BARASA | NMG NCBA Group managing director and Kenya Bankers Association chairman John Gachora reflects on his bank’s 2023 full-year performance and the industry’s standing that featured strong […]