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Seasoned Trader Who Turned $100 into $100K Says It’s Time to End XRP Hate, Targets 600% Gains
The post Seasoned Trader Who Turned $100 into $100K Says It’s Time to End XRP Hate, Targets 600% Gains appeared on BitcoinEthereumNews.com. Altstein, a widely followed trader who prides himself on swiftly turning $100 to $100K, argues it is high time to abandon the hate around XRP, projecting up to 600% gains. The seasoned trader expressed this sentiment in a recent post highlighting the current positive developments surrounding XRP, making a bull case for the asset now more likely. Altstein first emphasized that XRP has fully recovered from its recent significant drop, posting strong gains and outperforming its rivals. Notably, it hit $0.43 on Monday and has since rallied to $0.64, marking a 48% growth in less than a week. Time to End XRP Hate Furthermore, the trader highlighted that the long-running Ripple lawsuit, which began in December 2020, concluded this month with Ripple emerging victorious. Ripple secured a 94% reduction from the $2 billion fine the SEC had requested. Altstein noted that Ripple’s victory solidifies XRP’s status as not being a security, suggesting that the asset may now soar to unprecedented heights. Moreover, the seasoned trader highlighted that XRP has broken above a solid zone and out of the smaller symmetrical triangle formation that began in 2021. The chart accompanying his update emphasized his anticipation of a 600% price rally, which would add nearly $3 to XRP’s value. XRP chart As a result, Altstein stressed that it is time for those who are skeptical about XRP to reconsider their investment strategy toward the coin. XRP Army Tired of $0.5 Ranging Reacting to Altstein’s sentiment, X user Ebenezer Edward remarked that he does not hate XRP but is frustrated by its prolonged stagnation around $0.50. Indeed, XRP has not surged significantly beyond this threshold in recent months. After reaching $0.744 in March, it dropped back and has remained below that level since. Meanwhile, another commenter noted that XRP’s recent unexpected bounce and…
The post Seasoned Trader Who Turned $100 into $100K Says It’s Time to End XRP Hate, Targets 600% Gains appeared on BitcoinEthereumNews.com.
Altstein, a widely followed trader who prides himself on swiftly turning $100 to $100K, argues it is high time to abandon the hate around XRP, projecting up to 600% gains. The seasoned trader expressed this sentiment in a recent post highlighting the current positive developments surrounding XRP, making a bull case for the asset now more likely. Altstein first emphasized that XRP has fully recovered from its recent significant drop, posting strong gains and outperforming its rivals. Notably, it hit $0.43 on Monday and has since rallied to $0.64, marking a 48% growth in less than a week. Time to End XRP Hate Furthermore, the trader highlighted that the long-running Ripple lawsuit, which began in December 2020, concluded this month with Ripple emerging victorious. Ripple secured a 94% reduction from the $2 billion fine the SEC had requested. Altstein noted that Ripple’s victory solidifies XRP’s status as not being a security, suggesting that the asset may now soar to unprecedented heights. Moreover, the seasoned trader highlighted that XRP has broken above a solid zone and out of the smaller symmetrical triangle formation that began in 2021. The chart accompanying his update emphasized his anticipation of a 600% price rally, which would add nearly $3 to XRP’s value. XRP chart As a result, Altstein stressed that it is time for those who are skeptical about XRP to reconsider their investment strategy toward the coin. XRP Army Tired of $0.5 Ranging Reacting to Altstein’s sentiment, X user Ebenezer Edward remarked that he does not hate XRP but is frustrated by its prolonged stagnation around $0.50. Indeed, XRP has not surged significantly beyond this threshold in recent months. After reaching $0.744 in March, it dropped back and has remained below that level since. Meanwhile, another commenter noted that XRP’s recent unexpected bounce and…
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