Amid ongoing market volatility, $XRP has experienced recent losses, including a 1.24% drop on Christmas Day and a 6.06% decline on Boxing Day. However, market analyst Coach JV remains bullish on the token, predicting that investors who fail to buy XRP below $2, $5, or $7 will regret it.
XRP’s Long-Term Fundamentals Look Strong
Coach JV is confident that XRP’s fundamentals are solid, despite its recent performance. He believes the token will soon break past the $2 mark and reach higher levels, with $5 and $7 on the horizon. His ambitious target? $100 per XRP. While critics argue that XRP’s supply (100 billion tokens) makes a $100 price unrealistic, some experts like Armando Pantoja and crypto YouTuber Levi remain optimistic, dismissing market cap concerns.
$100 XRP: Can It Happen?
The $100 price target has stirred controversy. A $10 trillion market cap would make XRP equivalent to 10% of the global M2 money supply, a daunting figure. However, proponents argue that XRP’s role in the financial system and adoption across various sectors could push the price to these levels over time.
XRP’s Current Technical Position
XRP is trading at $2.15, holding strong at its $2 support level. With its Commodity Channel Index (CCI) at -112, XRP is seen as undervalued, suggesting room for growth. A similar situation occurred in late October when XRP surged 480% from $0.50 to $2.90 by December 3.
Timing Your Entry
Coach JV warns against waiting for XRP to hit $100 before buying. Many investors will likely FOMO in once the price starts climbing, missing out on early gains. With XRP positioned for a potential rebound, now may be a crucial time to enter before the price rises significantly.
Conclusion
XRP’s current price and strong fundamentals make it an attractive buy for long-term investors. If Coach JV’s predictions hold true, those who purchase XRP under $2, $5, or $7 may see substantial gains as the token pushes toward new highs, potentially even $100.
