Realistic Expectations for XRP

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Warren said that while $20 is not out of the question, he doesn’t foresee XRP gaining the momentum it needs to reach those heights in this bull market. He acknowledges that XRP will continue to be utilized, particularly by institutional investors, which gives him hope for its future.

Historically, being bullish on XRP was a popular stance, but Warren notes a shift in sentiment. Many retail investors have lost faith in XRP due to recent price trends and chart patterns, making it a less popular position to hold. As a trader, he finds it challenging to defend XRP based on current charts, but he believes that its strong fundamentals and existing partnerships may lead to surprising outcomes.

Potential for Future Growth

Despite the current sentiments, he believes XRP could realistically reach between $5 to $6. He also suggests that the ongoing suppression of XRP’s price may be part of a larger institutional strategy aimed at dissuading retail investors from holding on. This could lead to a scenario where institutions profit while retail investors miss out on potential gains.$XRP