{"id":1868,"date":"2024-12-17T06:00:30","date_gmt":"2024-12-17T06:00:30","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/the-589-xrp-dream-believers-arent-delusional-enough-expert-says\/"},"modified":"2024-12-17T06:00:30","modified_gmt":"2024-12-17T06:00:30","slug":"the-589-xrp-dream-believers-arent-delusional-enough-expert-says","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/the-589-xrp-dream-believers-arent-delusional-enough-expert-says\/","title":{"rendered":"The $589 XRP Dream: Believers Aren\u2019t \u2018Delusional\u2019 Enough, Expert Says"},"content":{"rendered":"

A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.<\/p>\n

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

Three-Figure XRP Price<\/h2>\n

Data showed that 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

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

\n

You\u2019re not delusional enough with your price targets $XRP<\/a> $589<\/p>\n

\u2014 Crypto Bitlord (@crypto_bitlord7) December 16, 2024<\/a><\/p>\n<\/blockquote>\n

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

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

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

\"\"<\/p>\n

Smoking Crack?<\/h2>\n

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

Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a \u201cfantasy.\u201d<\/p>\n

Edward argued that astronomical price predictions for the coin are delusional, saying, \u201cPeople calling for $589, $1,000, or $10,000 are “smoking crack.”<\/p>\n

\n

My $XRP<\/a> price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com\/joXwhGcxMq<\/a><\/p>\n

\u2014 Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024<\/a><\/p>\n<\/blockquote>\n

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

Edward estimated the price rally would put XRP between $5 and $8.<\/p>\n

\"\"
\nAltcoin Performing Well<\/p>\n

Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House.<\/p>\n

Last month, the crypto\u2019s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3.<\/p>\n

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

In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%.<\/p>\n

As of press time, XRP is traded at $2.36<\/a> with a total market capitalization of $136 billion.<\/p>\n

Featured image from, chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":1,"featured_media":1869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[220,12,22,51,149,148],"class_list":["post-1868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoin","tag-altcoins","tag-bitcoin","tag-crypto","tag-ripple","tag-xrp"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1868"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1869"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}