Positive feelings around XRP have been increasing lately due to the recent bullish momentum, leading to several bold predictions from cryptocurrency analysts about the digital asset’s next uptrend. However, market expert and enthusiast, Crypto Michael, has dismissed the idea of XRP rising 300 times its current price level, noting that such predictions are unlikely.
300x price growth is nothing short of insane for XRP
Crypto Market Expert Michael shared his opinions about such bold predictions on the X (formerly Twitter) platform, which has caused quite a stir within the XRP community. Michael’s critique suggests that while the altcoin has the potential to rise, current fundamental research and the state of the market do not justify a price projection of 300x.
His insights came in response to another popular cryptocurrency expert, Javon Marks’ XRP predictions from last month. In late July, the analyst predicted that XRP had performed a test that indicated the digital asset was poised for a massive bullish breakout in the coming months, influenced by an optimistic market outlook.
According to Marks, if the market maintains its strong momentum, his predictions could come to light and create opportunities for long-term price increases. Thus, he believes that the altcoin could surge by over 41,000% to the $150 price level using a full Logarithmic Follow-Through.
Even though crypto predictions aren’t entirely accurate, Michael is confident that Marks’ prediction is way off the mark and detrimental to those looking forward to investing in the altcoin. The expert noted that it would be lucky to see a 10x surge in XRP during this cycle, let alone a 300x price increase, as they are beyond insane.
Furthermore, he claimed that holders of the coin expecting these ridiculous goals will not see any significant results until the next bear market. As a result, he has warned crypto investors about these absurd and speculative predictions within the community, saying, “Be careful who you listen to.”
The crypto assets are like a drunk and violent father
Since XRP has failed to initiate a major bull run since the 2021 cycle, unlike other well-known coins, some crypto enthusiasts seem to have lost faith in the altcoin over time. Crypto expert, ProTheDoge, also known as Dogecoin Millionaire, in a recent after, has expressed his disbelief in the altcoin, comparing it to an irresponsible father.
According to the trader, trusting XRP is like relying on an abusive and drunken father who went to the corner store to buy cigarettes and promised to return but never did, thinking he might come back someday.
The trader later announced that he invested $10,000 in the altcoin and after a year his investment is still worth exactly $10,000, indicating a lack of growth.
Main image from Adobe Stock, chart from Tradingview.com