A well-known market analyst has issued a bold statement, predicting that investors who don’t purchase XRP below a three-digit price will eventually regret their decision.
Coach JV, CEO of 3T Warrior Academy and a respected market commentator, shared his insights amid the ongoing volatility in the crypto market. XRP, like many other cryptocurrencies, has been affected by recent market turbulence, dropping 1.24% on Christmas Day and a more significant 6.06% on Boxing Day.
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“Investors Will Regret Not Buying XRP Below $100”
Despite the bearish conditions, XRP has started to recover some of its losses, though it remains below the critical $2.20 level. Coach JV remains optimistic, emphasizing XRP’s strong long-term fundamentals.
He predicts that XRP will eventually surpass $2 and move toward new highs of $5 and $7. However, he warned that investors sitting on the sidelines now may regret their inaction, especially when XRP reaches its ambitious target of $100 per token.
According to Coach JV, those who fail to act now will likely FOMO (fear of missing out) into the XRP market once it hits triple digits. He cautioned against a short-term mindset, which often leads to poor decision-making and portfolio losses.
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The $100 XRP Prediction
The prediction of XRP reaching $100 has sparked heated debates within the crypto community. Achieving this price would require a market cap of $10 trillion, given XRP’s total supply of 100 billion tokens. Critics argue that such a valuation is unrealistic due to market cap constraints.
However, some experts disagree. Last month, market analyst Armando Pantoja argued that XRP hitting $100 is possible, dismissing concerns over market cap limitations. Similarly, crypto influencer Levi has expressed 100% confidence in XRP’s potential to achieve this milestone.
Coach JV joins the ranks of these optimistic voices, asserting that XRP’s long-term prospects far outweigh its short-term fluctuations.
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XRP’s Current Position
Despite recent setbacks, XRP is holding strong above the $2 support level, trading at $2.15. Its Commodity Channel Index (CCI) stands at -112, indicating an undervalued position and significant room for growth.
Historically, similar CCI levels have preceded substantial rallies. For example, in late October, XRP traded at $0.50 with a CCI of -100. It subsequently surged 480% to $2.90 by December 3.
As the market recovers, XRP could breach the $3 level, paving the way for further gains.
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A Word of Caution
This article is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making any investment decisions. The views expressed here are those of the author and do not necessarily reflect the opinions of The Crypto Basic.
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