Expert trader Altcoin Moe has revealed his pragmatic price targets for XRP and other cryptocurrencies in light of the recent shifts in the market, predicting that XRP could potentially soar by 870%.
This week, the cryptocurrency landscape witnessed significant price fluctuations, with Bitcoin making impressive strides. Conversely, altcoins, particularly XRP, showed minimal movement, trading within a tight range of $0.51 to $0.53, while Bitcoin skyrocketed to $73,500.
The relative lack of upward movement for XRP during this bullish phase has drawn the attention of both investors and market analysts alike. Nonetheless, supporters of XRP maintain a hopeful outlook, anticipating that the cryptocurrency will eventually embark on its own upward trajectory.
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In the midst of these developments, Altcoin Moe, a well-known full-time trader with a substantial following, took to X to share his views on feasible price targets for major cryptocurrencies, including Bitcoin and XRP.
**Realistic Target for Bitcoin**
Topping Moe’s predictions is Bitcoin, which he believes could realistically hit a target of $115,000 at the peak of the current bull run. Two weeks prior, a prominent financial platform suggested that Bitcoin could soar to at least $130,000 this season.
Meanwhile, other market observers have proposed even more ambitious targets, with estimates ranging from $200,000 to as high as $500,000. Bernstein analysts, for instance, consider $200,000 a more conservative price target for Bitcoin, while Moe argues that such lofty projections may not be achievable.
This week, Bitcoin made an attempt to retest its all-time high, reaching $73,600 on Tuesday, but ultimately fell short of breaking this threshold to establish a new peak.
In regard to Ethereum, Bitcoin’s closest competitor, Moe indicated that it could rise to $8,000 during this bull run. As it stands, Ethereum is priced around $2,500, meaning a climb to $8,000 would signify a staggering 220% increase, which Moe views as a realistic possibility. This is in contrast to the 65% growth he anticipates for Bitcoin.
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**Plausible Target for XRP**
Turning to XRP, currently the seventh-largest cryptocurrency, Moe proposed a target price of $5 as realistic. Currently valued at $0.5125, XRP would need to rally an impressive 876% to reach this mark, resulting in a market capitalization of about $500 billion.
Some analysts have suggested that a more attainable target for XRP during this bull run might be between $2 and $3, given its lackluster performance since the beginning of the current market trend. However, some optimistic XRP advocates believe that even a target of $15 could be within reach.
**Disclaimer:** This content is for informational purposes only and should not be interpreted as financial advice. The opinions expressed in this article reflect the author’s personal views and do not necessarily align with those of The Crypto Basic. Readers are encouraged to conduct their own research before making investment decisions, as The Crypto Basic is not liable for any financial losses incurred.