Despite XRP Delay At this early stage of this bull run, cryptography expert Zach Rector shared his belief and gave reasons why the crypto token will still perform well. He went so far as to classify the token alongside Bitcoin to make it clear why the token will make a run soon.
“XRP will not lose this bull run”
Dean mentioned in an X (formerly Twitter) publish that XRP will not lose this bull run. In the accompanying video, the cryptography expert highlighted the Crypto Token Fundamentals as one of the reasons he maintains this belief despite XRP’s tepid price action. Rector further stated that the token and XRP (XRPL) ratio has some of the best fundamentals in the crypto space.
Rector even challenged his followers to name any other crypto token with better fundamentals than XRP. According to him, Bitcoin is the only other token that comes close to XRP in this aspect. His statement echoes the sentiments of Ripple CEO Brad Garlinhouse, who recently declared the importance of real-world utility in driving a crypto’s growth.
However, the Rector alluded to XRP’s recent pump as a sign of great things to come for the crypto token. On March 11, XRP rose to $0.74 before experiencing a sharp correction. However, the community hopes that Rector’s conviction is correct, considering that XRP has not made any significant statement at the 2021 bull run.
As the dean noted, faith of community members in the token is declining rapidly, and there is a belief that a repeat of the slow altcoin run in 2021 will ultimately erode that faith. XRP getting close to or surpassing its all-time high (ATH) of $3 will be a great place to start if you want to make a run at this bull run.
It’s time for price predictions to come true
Crypto analysts like Crypto Rover and Egrag Crypto had already made price rise predictions for XRP, which should be updated at some point around this period. For its part, Crypto Rover foreseen that the altcoin would have a “major breakout” in March this year. Meanwhile, Egrag foreseen that XRP will rise to $5 between now and April.
Other analysts like Dark Defender also fueled expectations for XRP in this period. Dark Defender, in particular, recently declared that the next target for the token is the $1.33 price mark and that the Fibonacci targets of $1.88 and $5.85 could be reached in the coming weeks.
At the time of writing, XRP is trading at around $0.686, down more than 1% in the last 24 hours, according to data from CoinMarketCap.
Token price at $0.68 | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com
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