- Altcoins continue to show strong signs for pumps.
- Analyst believes Ripple’s XRP could hit new ATH prices soon.
- He expects an easy 5x – 10x pump where XRP price could hit ATHs between $13 and $27.
As the price of the pioneer altcoin asset, Ethereum (ETH), surges to higher prices. Specifically, the price of ETH has gone up over 6% in the last 24 hours, and analysts expect it to continue to rise. As altcoins continue to show strong signs for pumps, the popular altcoin Ripple’s XRP shows steady bullish signs to hit new ATH prices soon. One analyst believes XRP price could hit ATHs between $13 and $27.
Altcoins Continue to Show Strong Signs for Pumps
Sentiment for altseason and for altcoins to hit new ATH prices in Q4 started out strong by the end of Q3, but has since only been brutally squashed by bearish analyses from bearish analysts or by bearish price market movements. This downward sentiment was caused by the $20 billion liquidation event earlier this month, where all leverage and long trades were nearly completely wiped out, especially those of altcoin positions.
So brutal was the crash that most altcoin prices fell between 50% and 90% within an hour, leading to projects like Kadena (KDA) announcing its closure. While a few strong and promising altcoin assets like XRP recovered about 50% of their value, those altcoin traders who diversified their portfolio between several promising altcoins are still down by 60% or more and don’t know what move would be best for them now.
As we can see from the post above, this trader says that while his portfolio has been down 60%, he’s seen it in a worse state before. He then talks about the volatility of the crypto market and how, before, even being in the most terrible state for the longest time, can lead to reaping great yields in a short period of time. This is because in the crypto market, sentiment can flip in a fast manner, and when it does, then one’s portfolio will be in profit relatively fast.
Thus, he concludes that there is no need for him to adjust his portfolio as he chooses to remain all-in on his selected altcoins as his expectation for the end result remains unchanged, which is that altcoin prices will shoot up. He then justifies this by saying that if, at the low, he’s down 60%, then on the upside he will be much higher. This could mean 10x gain or even 20 x- 50x gains.
XRP Price Could Hit ATHs Between $13 and $27
While the previous post did not get a lot of agreeable responses, the post above seems to carry more merit with its readers. In detail, the post above focuses on the altcoin Ripple’s XRP. According to this analyst, the crypto market is witnessing the end of the beginning, where XRP would pull a very easy 5x – 10x pump. This would mean new ATH prices for XRP between $13 and $27.
