XRP Over Everything? Expert Tells New Investors To Go All In

A wellโ€‘known commentator in the crypto space has made a bold pitch. According to reports, Crypto Bitlord urged every new investor to put all their money into XRP.

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This call comes after XRP surged to sevenโ€‘year highs above $3 and hit a peak of $3.60. The token posted a 21% gain in a single week, outpacing even Bitcoinโ€™s record run.

Eyeโ€‘Popping Returns Fuel Bold Call

Bitlord pointed out that someone who invested $50,000 in XRP at roughly $0.60 last November would now hold about $289,000 as prices hover near $3.47.

He reminded followers how XRP broke above $1 during last yearโ€™s rally and then climbed beyond the $3 level this summer. This kind of windfall led him to tell new market entrants to skip the usual research and โ€œtake all your money and go all into XRP.โ€

Bitlordโ€™s track record on XRP has had its twists. In midโ€‘2023, he touted the token when it traded around $0.50โ€“$0.60, only to walk back those comments the following July.

Some saw his pullback as sarcastic, since prices soon climbed past his earlier targets. Based on charts, he has also laid out what he thinks XRP could achieveโ€”calling for dramatic moves that few other analysts dare to mention.

Critics And Risks Remain

Despite the rally, the altcoin still faces obstacles. Its connection to Ripple and the ongoing US Securities and Exchange Commission legal showdown create uncertainty. A court decision could go either way, and any ruling against Ripple might send the price sharply lower.

Other analysts have echoed bullish views, encouraging investors to stack at least 10,000 XRP tokens. They said he wonโ€™t sell until XRP reaches $100. That price would value a 10,000โ€‘token stash at $1 million.

For many, that goal sounds distant. But analysts point to XRPโ€™s history: it once traded for $0.002, making skeptics eat their words when it hit $1.

XRPUSD now trading at $3.40. Chart: TradingView

Skyโ€‘High Targets Or Pipe Dream?

Bitlord has even floated a $10 targetโ€”an increase of about 180% from todayโ€™s levels. He believes some critics will end up โ€œin mental institutionsโ€ if XRP ever tops that mark.

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Heโ€™s gone further, claiming the onceโ€‘joked $1,000 target is now within reach. Hitting $1,000 would push XRPโ€™s market cap into the trillions, dwarfing most assets on the market today.

As the market buzzes, investors face a choice. Some are drawn to XRPโ€™s meteoric rise and rosy forecasts. Others warn against betting everything on a single crypto token.

The numbers show a balanced approachโ€”dividing funds across several coins and setting clear exit pointsโ€”might help guard against the next big swing. For now, XRP remains one of the most talkedโ€‘about tokens in the crypto world.

Featured image from Meta, chart from TradingView



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