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XRP Below $1? Not Happening, Claims Millionaire Analyst
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

XRP Below $1? Not Happening, Claims Millionaire Analyst

Christian Encila
Christian Encila
6 months ago
3 mins read
XRP

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Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run immediately after Donald Trump’s election, XRP had a sluggish price action, struggling to maintain its $0.57 price. But last November 16th, the altcoin hit the $1 price mark after surging by 14.72%.

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Fast-forward to one week and XRP is trading at $1.50, which briefly hit $1.62 last November 23rd. For many analysts, there’s no turning back for XRP’s price, with one popular Twitter/X user saying it will no longer drop below $1.

In a post on Twitter/X last November 23rd, a millionaire mentor, a.k.a. the “Bearable Bull,” boldly predicted that the market would never see XRP “go below $1 again”.

We Will Never See XRP Go Below $1 AGAIN

— The Bearable Bull (@thebearablebull) November 23, 2024

$1 As XRP’s Base For Further Growth

Ripple’s XRP started the year at $0.61 and traded for the next few months on the $0.50 to $0.60 level. And while Bitcoin and other altcoins started to rally immediately after Trump’s election, XRP’s price movement remained sluggish.

Only a few days ago, XRP’s price began to move before breaking the $1 level on November 16th. The previous time Ripple’s XRP held the price was in December 2021, when it dipped to $1.96. For many market analysts, the $1 price now serves as the base for consolidation and further growth.

XRP is currently trading at $1.38. Chart: TradingView

XRP’s Price Will Not Look Back To $1 – Analyst

XRP’s recent price rally has caught the attention of many analysts and market observers. The Bearable Bull, a popular crypto mentor on Twitter/X, is one of those analysts who offered bold insight into XRP’s price movement.

In a Twitter/X post that garnered 94.7K views, Bearable Bull shared that the community will never see XRP revisit the $1 price. Other analysts shared his view, saying that the token has consolidated its base.

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Top Analyst Claims XRP New ATH Is Just Around The Corner – Details

6 months ago

However, a few analysts offered some caution, saying it’s too early to tell if XRP will no longer dip below $1. Last November 16th, XRP hit a high of $1.267. The next day, there was a minor price correction, but XRP did not fall below $1.

XRP soon will achieve a $100B market cap. Times are changing.

— John E Deaton (@JohnEDeaton1) November 22, 2024

Bold Predictions On XRP’s Future Price

The market’s optimism on XRP’s price performance continues until today. Even pro-Ripple lawyer John Deaton predicts that it will continue its bullish run, and he expects the coin to revisit its $100 billion market cap.

I think $XRP is probably going to make new ATH a lot quicker than most are expecting- and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it.

XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%… pic.twitter.com/fLYlH2GEYB

— CrediBULL Crypto (@CredibleCrypto) November 21, 2024

Also, “CrediBULL” expects the digital asset to top its all-time high soon. He further claimed that XRP can surpass Ethereum and Bitcoin’s performance. Based on current price data, it has surged 125% in the last three months, beating Ether’s 20% and Bitcoin’s 51% increase.

Featured image from iExpats, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is 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.

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