Crypto analyst “Bobby A”, in his latest post XRP confirmed the upward trend in price. The analyst explained that his previously stated target price range remains unchanged despite the current market situation.
Bobby A continues to express growing confidence, especially regarding the inevitability of XRP reaching the critical $8 level and its potential venture into the more ambitious double-digit region of $13 does.
No my $8-$13 target for #XRP hasn’t changed. I’m more bullish than ever. And yes my targets will prove to be conservative. Cheers. ⚒️⚒️⚒️
— Bobby A (@Bobby_1111888) January 7, 2024
NEWS CONTINUES BELOW
According to the analyst, after the “partial victory” in the SEC case, the price confirmed $ 8-13. Fast forward to January 3, a day of significant turmoil in the crypto market, and the analyst made an update on his target. On that day, XRP fell from $0.6381 to $0.5393, a 15% decline.
The analyst also underlined that although the price is moving towards this target, its progress is not a straight line. According to the analyst, the final goal will be possible as long as the current upward trend continues.
If XRP reaches its target of $8 from its current market cap of $0.5666, it is estimated to reach an impressive growth rate of 1,310%. The upper target of $13 implies an even more significant return on investment of 2.195%.