- Silver-tongued analyst declares altcoin XRP criminally undervalued.
- New ATH targets are being shared for the price of XRP.
- One expert says XRP can hit a bull target of $48 in the next bull cycle.
The crypto community is happy to see the prices of pioneer crypto and altcoin assets, Bitcoin and Ethereum, trading back over the $71,000 and $2,100 price range, respectively. This move bodes very well for the future of the crypto market, drawing bullish sentiments back up. Amid the growing euphoria, a silver-tongued analyst declares altcoin XRP criminally undervalued. This resonates with many new ATH expectations for Ripple’s native altcoin.
Silver-Tongued Analyst Declares Altcoin XRP Criminally Undervalued
Ever since this bull cycle began, expectations for altcoin prices to hit new ATH records have been very high. In fact, many expected this bull cycle to be one where altcoins would outshine Bitcoin. However, the opposite seemed to have played out, where the price of BTC went on to set multiple new ATH price targets, propelling its value to 6-digit prices, while only a handful of altcoins went on to set new ATH prices of their own.
Among the many popular altcoins that were expected to surge in price, but were unable to set a new ATH record, is the legacy altcoin XRP. This native altcoin asset for the Ripple ecosystem was launched over 8 years ago. Its debut was exquisite and its performance, greater so. To highlight, XRP began to rival BTC and ETH and held the third rank on the total market cap list.
Unfortunately, due to its unexpected battle with the SEC, a fight that went on for nearly the next 7 years, the price of XRP continued to fall despite its promising future. Even during hard times, the Ripple team continued to build and form powerful partnerships as it never took its eyes of its ultimate goal, one that would ensure the long-term success of the project and the inevitable rise of the price of XRP.
New ATH Expectations Rise for XRP Price
Since the end of the battle with the SEC, the price of XRP was expected to surge this bull cycle, which it did, twice. Yet, it has not beaten its previous ATH record in the $3 price range. At the present moment, the crypto market is expected to enter a super cycle this year, meaning altcoin prices might still have the opportunity to enter an altseason and set new ATH prices.
As we can see from the post above, this popular silver-tongued analyst, Doctor Profit, declares XRP as a criminally undervalued asset. In particular, he states that the RSI is sitting at extreme oversold levels, and the last time XRP hit these levels was at the absolute bottom of the 2022 bear market in December. Yesterday, he shared a buy signal for XRP at the $1.37 price range, and the asset is currently trading at $1.41.
Furthermore, similar bullish observations are being made for the price of XRP, and bold ATH targets are being shared from respected analysts in the community. One expert says that XRP has the chance to hit a bull target of $48 in the next bull run as it breaks through a multi-year resistance. Can XRP pull a rally of 1,350% this year or by the next bull cycle?
