Although the price of XRP is still much lower than its all-time high of $3.4 amid new regulatory uncertainty in the United States, an experienced cryptocurrency trader believes that a significant parabolic rally could still happen for the cryptocurrency associated with Ripple.
Famous trader Maximus Prime stated that XRP soaring to an unprecedented price of $35 is not a far-fetched dream.
$35 XRP is feasible: Trader
It all started when Maximus Prime hinted in a post on the social media platform X (formerly known as Twitter) that Ripple influencers have "ruined" the lives of many by promoting XRP and sharing overly ambitious price predictions for the token.
One user with the online nickname Phoddler noted that Maximus himself is guilty of promoting XRP, citing his previous prediction that XRP would hit $7 before surging to a high of $35.
However, Maximus pointed out that he is optimistic in the long term about XRP, adding that his bright, optimistic targets depend on this seventh-largest cryptocurrency successfully overcoming its prolonged downtrend.
The price of XRP has rebounded from $0.65 on September 29, but bulls have since struggled to maintain higher levels, indicating selling during each small recovery.
Phoddler believes that the $35 target, or even $7, is 'absurd'. In his opinion, XRP is more likely to drop to 30 cents rather than enjoy a surge to $7.
