XRP Currently, it is far from reaching the $20 to $30 price predictions made by analysts in 2020. NCash, a prominent crypto YouTuber and market watcher, drew attention to this bearish trend of events. But he claimed that the asset will eventually reach a double-digit price.
NCash makes this statement today, while highlighting the state of the XRP market, which has been particularly affected by factors such as the widespread bear market and the ongoing legal battle between Ripple and the US SEC. made.
“If you’re around in 2020, you probably know the historical XRP $20-30 price predictions. While these predictions have never come true, I believe we will eventually see a double-digit XRP.”
If you were around in 2020, then you probably know of the historical $XRP $20-$30 price predictions.
NEWS CONTINUES BELOWAlthough they never morphed into reality, I do believe we will see a double digit #XRP eventually
The SEC suppressed price action greatly on XRP. I do wonder where we would be…
NEWS CONTINUES BELOW— Nick | Crypto Crusader (@NCashOfficial) May 26, 2023
NCash highlighted that the SEC’s lawsuit, which began in December 2020, put tremendous pressure on the price action of XRP. It raised the question of what would be the current value of XRP if the lawsuit had not taken place.
An Unshakable Uptrend in XRP
However, the analyst emphasizes that this drop allows investors to procure XRP at a discount, especially below the $0.50 price point. He also claimed that market participants could see the asset fall to between $0.20 and $0.30, but see this as another opportunity to supply the asset.
NCash’s long-term bullish outlook on XRP is tied to the recent developments surrounding Ripple and Altcoin.
He noted that these moves continue to present the XRP Ledger (XRPL) as an efficient network for prominent use cases, further strengthening user adoption and network effectiveness. He noted that XRP and XRPL saw more “content” than was observed in 2017/2018, when XRP hit all-time highs.
In particular, with its current market value of $24 billion, crypto- The asset remains the fourth largest unstable coin by valuation. If the circulating supply remains stable, reaching a market cap of $500 billion would result in a price of $9.6 for XRP. The asset is trading at $0.4632, up 3.32% in the last 24 hours.
Source : The Crypto Basic