What's up, folks?! 🚀 Can you imagine your money in XRP multiplying by more than ten? Well hold on, because an analyst made a prediction that left us wide-eyed. We're talking about a possible XRP at $34! 🤯 Is it all smoke, or are there solid reasons to dream? That's the question that has us all on edge.
Look at how the scene is! An analyst who knows a lot, Gert van Lagen, has us with our hearts in our hands. He says that XRP has not stopped rising and has already broken a pattern on the chart called "double bottom".
a signal we hadn't seen in seven years. Imagine, it’s as if the cryptocurrency had been charging up to make a giant leap. And it’s not just a recent thing, okay? In previous cycles, XRP had already made jumps of over 1000%, it’s crazy!
So, what's pushing it? To start, there's a lot of people waiting for an XRP ETF to be approved, and it's said that there’s a 95% chance it will happen. If that happens, the coin could soar to the skies. But, beware, not everything is rosy! 😵💫
The "but" that makes you think 🤨
Here comes the interesting part, and what will make you doubt whether to sell or hold. Despite all the optimism, there are some data that don't add up. The total value on the XRP network (which is the "XRPL") is a pittance compared to its market value. We're talking about a difference of 2200 times! It’s like having a mansion 🏰 worth millions, but inside there are only a few pieces of furniture. 🛋️ This disproportion smells like overvaluation to many and could be a bubble about to burst. 💥
Furthermore, almost everyone who has XRP is already making a profit.
And when that happens, people get so excited that they start selling to secure their profits. And you know, when many sell, the price can plummet. 📉 So, while some dream of $34, others are with one foot on the brake, ready to jump.
So, are we facing the next rocket that will take us to the moon 🌙 or is it just a nice story that will deflate? The truth is that this situation leaves us thinking and forces us to stay very alert to every movement. Grab your coffee and keep an eye on the market, because this is getting good!$XRP
