
{"id":28948,"date":"2024-12-16T23:30:14","date_gmt":"2024-12-16T23:30:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=28948"},"modified":"2024-12-16T23:30:14","modified_gmt":"2024-12-16T23:30:14","slug":"the-589-xrp-dream-believers-arent-delusional-enough-expert-says","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=28948","title":{"rendered":"The $589 XRP Dream: Believers Aren\u2019t \u2018Delusional\u2019 Enough, Expert Says"},"content":{"rendered":"<p>A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.<\/p>\n<p>Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are \u201cnot delusional enough.\u201d<\/p>\n<h2>Three-Figure XRP Price<\/h2>\n<p>Data showed that <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\">XRP<\/a> is the top-performing crypto in the Trump-driven digital asset bull run. Hence, once again, a market expert is floating the idea of $589 per coin.<\/p>\n<p>Crypto Bitlord claimed that the real price target for XRP is not $6 as some commentators said but $589, adding that those who dismissed this three-figure target are not ambitious enough.<\/p>\n<p>You\u2019re not delusional enough with your price targets <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> $589<\/p>\n<p>\u2014 Crypto Bitlord (@crypto_bitlord7) <a href=\"https:\/\/twitter.com\/crypto_bitlord7\/status\/1868483327411503528?ref_src=twsrc%5Etfw\">December 16, 2024<\/a><\/p>\n<p>The crypto analyst argued that the prices being forecast by several market observers are conservative estimates, believing that $589 per unit is very feasible.<\/p>\n<p>Previously, Crypto Bitlord had already stated that XRP would reach the three-figure price. However, he received derogatory remarks from investors for what they claimed as an ambitious dream.<\/p>\n<p>Now, with the crypto asset performing very well in the bull market, Crypto Bitlord was able to fire back at them, calling them not \u201cdelusional\u201d enough.<\/p>\n<h2>Smoking Crack?<\/h2>\n<p>Several traders in the XRP community do not share the same vision as Crypto Bitlord, seeing the target of $589 as not feasible.<\/p>\n<p>Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a \u201cfantasy.\u201d<\/p>\n<p>Edward argued that astronomical price predictions for the coin are delusional, saying, \u201cPeople calling for $589, $1,000, or $10,000 are \u201csmoking crack.\u201d<\/p>\n<p>My <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> price target for this cycle $5-$8. It could go a bit higher but I\u2019m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. <a href=\"https:\/\/t.co\/joXwhGcxMq\">pic.twitter.com\/joXwhGcxMq<\/a><\/p>\n<p>\u2014 Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) <a href=\"https:\/\/twitter.com\/ThinkingCrypto1\/status\/1863384648052613620?ref_src=twsrc%5Etfw\">December 2, 2024<\/a><\/p>\n<p>Other analysts said that a three-figure price would only happen if the crypto\u2019s market capitalization hit $33 trillion, an amount that would be greater than the consolidated market cap of the top 20 American companies.<\/p>\n<p>Edward estimated the price rally would put XRP between $5 and $8.<\/p>\n<p>Altcoin Performing Well<\/p>\n<p>Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House.<\/p>\n<p>Last month, the crypto\u2019s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3.<\/p>\n<p>A CNBC report dubbed XRP as the \u201cbiggest winner\u201d in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, XRP price has skyrocketed by 370%, outperforming the broader digital asset market.<\/p>\n<p>In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%.<\/p>\n<p>As of press time, XRP is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\">traded at $2.36<\/a> with a total market capitalization of $136 billion.<\/p>\n<p>Featured image from, chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"<p>A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative. Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are \u201cnot delusional enough.\u201d Three-Figure XRP Price Data showed that XRP is the top-performing [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":28949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28948"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28948"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28949"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}