A prominent commentator in the cryptocurrency space made a bold call. According to reports, Crypto Bitlord urged every new investor to invest all their money into XRP.

This warning comes after XRP surged to a seven-year high, above $3 and peaking at $3.60. This cryptocurrency has increased by 21% in just a week, surpassing even Bitcoin's record growth.

An Impressive Comeback Brings Bold Calls

Bitlord points out that someone who invested $50,000 in XRP at around $0.60 last November would now hold about $289,000 as the price fluctuates around $3.47.

He reminds followers that XRP surpassed the $1 mark during last year's bull run and then exceeded $3 this summer. This unexpected surge is what led him to advise newcomers to the market to skip the usual research step and 'put all their money into XRP.'

Bitlord's track record on XRP has also seen twists. In the middle of 2023, he praised this token when it was trading around $0.50–$0.60, but then retracted those comments in July the following year.

Some believe that his retreat is ironic, as the price has soon surpassed his original target. Based on the charts, he also outlined what he thinks XRP could achieve - predicting strong fluctuations that few other analysts dare to mention.

Criticism and Risks Remain

Despite the price increase, this altcoin still faces many obstacles. The ties to Ripple and the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) create uncertainty. Court rulings could go either way, and any ruling against Ripple could lead to a sharp price drop.

Other analysts also agree with the optimistic view, encouraging investors to accumulate at least 10,000 XRP tokens. They stated he wouldn’t sell until the price of XRP reaches $100. That price would value 10,000 tokens at $1 million.

For many, that goal sounds far-fetched. But analysts have pointed out XRP's history: it once traded at $0.002, making skeptics gag when it hit $1.

A Distant Goal or a Pipe Dream?

Bitlord even set a target of $10 - an increase of about 180% from the current level. He believes some critics will have to 'go to the mental hospital' if XRP surpasses that mark.

He even went further, claiming that the $1,000 goal that was once joked about is now within reach. Reaching $1,000 would push XRP's market capitalization into the trillions, far exceeding most assets on the market today.

When the market is lively, investors face a choice. Some are attracted by the dizzying growth and optimistic forecasts for XRP. Others warn against betting everything on a single cryptocurrency token.

The numbers show that a balanced approach - dividing capital into various coins and establishing clear exit points - can help prevent the next big shock. Currently, XRP remains one of the most discussed tokens in the cryptocurrency world. $XRP