Bitcoin
Bitcoin Maxi Says He’s ‘Keeping an Eye’ on XRP as Experts Predict $80K XRP Price ⋆ ZyCrypto
Announcement
XRP emerged as a bright spot in the cryptocurrency market last week, with a notable surge of over 38%, outpacing the gains made by other top ten cryptocurrencies including Bitcoin, Ethereum, Dogecoin and Cardano.
Notably, the crypto asset spiked to around $0.63 on Wednesday. The crypto community attributed this impressive rally to speculation surrounding a crucial meeting scheduled for July 18, which could have concluded the ongoing legal battle between Ripple and the SEC.
Notably, XRP’s strength caught the attention of Christopher Jaszczynski, popularly known as “MMCrypto,” a prominent figure in the Bitcoin maximalist community with over 1.4 million followers on Twitter.
In a surprising move, MMCrypto tweeted on Wednesday, “I am NOT a fan of $XRP AT ALL! But I am keeping an eye on it currently.”
Bitcoin maximalists like MMCrypto are known for their staunch defense of Bitcoin as the superior cryptocurrency, often dismissive of other digital assets. Their skepticism towards altcoins, including XRP, stems from both ideological and technical reasons, with many viewing Bitcoin as the only truly decentralized and secure cryptocurrency.
Announcement
Recall that in May, Michael Saylor, another vocal Bitcoin maximalist and founder of Bitcoin development firm Microstrategy, sparked controversy when expressed pessimism about the regulatory future of major altcoins, including XRP. This triggered a response from the XRP community, which defended XRP’s legal status and argued against its classification as a security.
Similarly, in the same month, Max Keiser, a well-known Bitcoin advocate, foreseen that the value of XRP relative to Bitcoin would eventually fall to zero, highlighting the maximalist view that Bitcoin would eventually dominate the cryptocurrency landscape.
That said, XRP’s recent price rally comes amid a broader market recovery after a challenging start to the month, driven by optimism around ecosystem developments, the potential approval of an XRP ETF, and the potential resolution of the ongoing legal battle between Ripple Labs and the SEC.
Remarkably, analysts are now predicting higher for XRPwith analysts like “JackTheRippler” emphasizing that regardless of the legal outcome, XRP could see significant price movements, possibly reaching new record highs soon.
“People are patiently waiting for the SEC v. Ripple case to conclude. While there is a possibility of a significant price increase before Judge Torres reaches a verdict, XRP could reach a new all-time high in the coming days. Please be prepared for any outcome!” the expert tweeted on Wednesday.
Javon’s Marks suggested that XRP could replicate its bullish moves from 2017, potentially reaching $100 or more in the coming months. Similarly, analyst “Amonyx” presented a bullish outlook, predicting that XRP could reach new all-time highs, with expectations of peaking around $80 by the end of the year, based on Fibonacci extension levels.
At the time of writing, XRP is trading at $0.58, reflecting a 2.23% increase in the past 24 hours.