Altcoin Moe, a well-known crypto trader, divides XRP price targets into groups of sure, feasible and unlikely targets.
The disclosure comes amid uncertainty that has gripped the broader crypto market and is impacting altcoins like XRP. This uncertainty is the product of a massive retreat led by Bitcoin (BTC) after hawkish comments from US Federal Reserve Chairman Jerome Powell.
With XRP showing impressive resilience, the altcoin has been the subject of several analyzes with market watchers presenting ambitious price targets.
Amid these optimistic predictions, Altcoin Moe, who has a decade of trading experience, believes that some goals are realistic while others are Only too unlikely for it to happen. He recently revealed this in a Disclosurewho provides similar commentary for 29 altcoins, including XRP.
Sure, doable And Unlikely XRP price targets
According to the analyst, market commentators and investors who envision a four-fold increase for XRP could do so Strictly speaking Watch her predictions come true. Altcoin Moe classified a 4x prediction as “safe” for XRP.
He believes that XRP is likely to rise fourfold this cycle, which could push the price from the current $2.23 to $8.92, around the $9 level. Interestingly, XRP traded for $0.53 in September, analyst Big Mike predicted a recovery to $9.
Meanwhile, altcoin Moe suggests that beyond the 4x forecast, there is a 9x target for XRP this cycle feasible, but could not classify it as safe.
This suggests that while a 9x increase is possible, unforeseen market conditions may hinder it. Such a nine-fold increase would bring the XRP price to $20. Two months ago, Crypto YouTuber ModernInvest claims it would…
