Expert trader Altcoin Moe shares his realistic price targets for XRP and other cryptocurrencies amid recent market movements, suggesting XRP could rally by 870%.
This week, the cryptocurrency market experienced remarkable price movements, particularly with Bitcoin making significant gains. In contrast, altcoins like XRP remained largely stagnant. XRP traded within a narrow range of $0.51 to $0.53, while Bitcoin surged to $73,500.
The lack of upward momentum for XRP during this bullish period caught the attention of both investors and market analysts. XRP supporters remain optimistic that XRP will eventually embark on its own upward trajectory.
Amid this trend, Altcoin Moe, a widely followed full-time trader, took to X to share what he considers realistic price projections for prominent crypto assets, including Bitcoin and XRP.
“Realistic” Target for Bitcoin
At the top of Moe’s list was Bitcoin, which he expects to reach a target of $115,000 “realistically” at the peak of the bull run. Two weeks ago, a notable financial platform argued that Bitcoin would peak at least at $130,000 this season.
Meanwhile, other market watchers have suggested much higher levels, with targets ranging from $200,000 to even $500,000. For instance, Bernstein analysts believe $200,000 is a more conservative target for BTC, while Moe thinks these lofty targets may not be realistic.
Notably, Bitcoin attempted to retest its all-time high this week when it surged to $73,600 on Tuesday but ultimately failed to surpass this level to create a new peak.
As for Bitcoin’s closest rival, Ethereum, Moe suggested it could reach $8,000 in this bull run. At press time, Ethereum is valued at $2,500, meaning an increase to $8,000 would represent a massive 220% growth, which Moe considers realistic. This contrasts with the 65% gains he projected for Bitcoin.
Plausible Target for XRP
For XRP, the seventh-largest cryptocurrency, Moe suggested a $5 price is realistic. Notably, XRP is currently priced at $0.5125. To reach $5, the asset would need to rally by 876%, resulting in a market cap of approximately $500 billion.
Other analysts have argued that a more realistic target for XRP during this bull run is between $2 and $3, given its poor performance since the onset of the current market trend. However, some ambitious XRP proponents believe that even $15 could be a realistic target for the asset.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
