Altcoin Moe, a prominent cryptocurrency trader, breaks down XRP price targets into groups of safe, possible, and unlikely targets.

The disclosure comes amid uncertainty in the broader cryptocurrency market, which has impacted altcoins like XRP. The uncertainty is the result of a massive Bitcoin (BTC)-led rout following hawkish comments from Federal Reserve Chairman Jerome Powell.

With XRP showing impressive resilience, the altcoin has become the subject of much analysis, with market watchers offering ambitious price targets.

Amid these bullish predictions, Altcoin Moe, who has a decade of trading experience, suggests that some targets are realistic while others are unlikely to be met. He revealed this in a recent disclosure, where he made a similar commentary for 29 altcoins, including XRP.

Safe, Possible and Improbable Price Targets for XRP

According to the analyst, market commentators and investors who envision a 4x increase for XRP may actually see their predictions come true. Altcoin Moe rated the 4x prediction as “safe” for XRP.

It is believed that a 4x rally is likely to happen for XRP in this cycle, which could push the price from the current $2.23 to $8.92, or around the $9 level. Interestingly, while XRP was trading at $0.53 in September, analyst Big Mike predicted a rally to $9.

Meanwhile, Altcoin Moe suggests that unlike the 4x prediction, a 9x target for XRP in this cycle is possible, but fails to classify it as safe.

This suggests that while a 9x rally is possible, unforeseen market conditions could hinder it. Such a 9x rally would put XRP at $20. Two months ago, cryptocurrency YouTube star ModernInvest claimed that it would be strange for XRP to fail to hit $20 this cycle.

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Speaking to CoinDesk, Altcoin Moe emphasized that those who are expecting XRP to rise 15x may be disappointed, as such a rise is “unlikely.” In context, a 15x increase from this level would push the price of XRP to the $33 region.

Several market commentators, such as wealth advisor Linda Jones and analyst Bobby A, have predicted that XRP could rise to $33. In September, market watcher EGRAG Crypto also predicted a potential rise in XRP to $33, citing Elliott and Fibonacci wave levels. Economist XRP Shark insisted in July that XRP could still target $33.

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