Could XRP Reach Its All-Time High in the Bull Run: Analyst Explained!

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One of the leading figures in the crypto community, XRP He expressed his thoughts on the coin regaining its six-year all-time high of $3.84.

Joshua Jake, host of the Discover Crypto channel, touched on this topic in a recent article published on the X platform. Jake points out that recapturing XRP’s 2018 ATH could be a very difficult goal in the developing bull market. believes.

Could XRP Reach All-Time Highs in This Bull Run?

Jake’s thoughts, BitcoinIt comes amid ‘s latest shocking push to surpass ‘s 2021 peak with a significant 20% rally that has far-reaching implications for the broader crypto market.

In particular, BTC surpassed a new milestone by exceeding 64 thousand dollars in the last 24 hours. This new threshold puts the asset within a 6% rally away from setting a new record.

BNB, solana Leading altcoins such as (SOL) and Cardano (ADA) have mirrored Bitcoin’s rise, having similar double-digit growth rates. Meanwhile, XRP appears to be lagging rather slowly, with less comparable percentage growth rates.

XRP’s stagnant performance has reignited discussions about its ability to bounce back to the 2018 high of $3.84, especially given its failure to reach new highs in 2021 following Bitcoin’s rally. Now, the asset appears to be significantly lagging Bitcoin’s rally.

LINK and MATIC Will Outperform XRP

While XRP remains the sixth most prominent asset, Joshua Jake claimed that competition will replace it in this bull run.

According to Jake, altcoinIt is believed that assets such as Chainlink (LINK) and Polygon (MATIC), which are at least six steps behind, will gain market share by replacing XRP.

Notably, according to data from CoinMarketCap, LINK and MATIC have witnessed rallies of 37% and 32% respectively in the last 30 days, while XRP has only gained 13% in the same period.

Jake emphasized that beliefs in XRP are not wrong, but noted that failing to reach an all-time high in the last six years was a significant setback. However, Jake still doesn’t fully believe that XRP will succeed this cycle.

In conclusion, Jake encouraged XRP fans to consider diversifying their cryptocurrency portfolios rather than sticking solely with XRP.

Jake emphasized that Bitcoin has established a new ATH with unprecedented performance, particularly highlighted by its halving just weeks later.

He noted that Bitcoin’s performance will likely attract global attention and could trigger a FOMO frenzy. However, Jake emphasized that retail FOMO will not extend to XRP, emphasizing the importance of diversification. At the time of writing, XRP is trading at $0.5939, up 1.7% in the last 24 hours.

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Source : The Crypto Basic


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