A well-known market analyst suggests that the $6 price prediction for each XRP cryptocurrency is considered too cautious by some experts. Crypto Bitlord believes that the real target for XRP is $589 per coin, adding that those who are skeptical about this target are 'not delusional enough.'

XRP Three-Digit Price

Data shows that XRP is the top-performing cryptocurrency in the digital asset bull run driven by Trump. Therefore, once again, a market expert has proposed the price of $589 for each coin.

Crypto Bitlord claims that the true price target for XRP is not $6 as some commentators have said, but $589, adding that those who dismiss this three-digit target are not ambitious enough.

The crypto analyst argues that the prices predicted by some market observers are conservative estimates, believing that $589 per unit is very feasible.

Previously, Crypto Bitlord claimed that XRP would reach a three-digit price. However, he received criticism from investors for what they deemed an ambitious dream.

Now, with crypto assets performing very well in the bull market, Crypto Bitlord has been able to rebut them, calling them not 'delusional' enough.

Many traders in the XRP community do not share the same vision as Crypto Bitlord, viewing the $589 target as unfeasible.

Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that target is a 'dream.'

Edward argues that the sky-high price predictions for this coin are delusional, saying, 'Those predicting $589, $1,000, or $10,000 are 'on drugs.'

My price target for this cycle is $5-$8. It could be a bit higher, but I will play it safe and conservative. Those calling for $589, $1,000, and $10K are on drugs.

Other analysts have noted that a three-digit price only occurs if the crypto market capitalization reaches $33 trillion, a sum greater than the total market cap of the top 20 U.S. companies. Edward estimates that the bull run will push XRP to around $5 and $8.

Altcoin Performing Well

Data shows that XRP has greatly benefited from the ongoing crypto bull market as Donald Trump regains the White House.

Last month, crypto prices surged by 283%, while in the first half of December, it increased by 23%, nearly reaching the $3 mark.

A CNBC report called XRP the 'biggest winner' in the cryptocurrency bull run led by Trump. According to CNBC, since Trump won the election in the U.S., XRP's price has skyrocketed by 370%, outperforming the broader digital asset market.

In comparison, Bitcoin only rose by 45% during the same period, while the entire cryptocurrency market increased by 91%. At the time of press, XRP was trading at $2.36 with a total market capitalization of $136 billion.

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