XRP price predictions have not slowed down and one crypto analyst in particular has continued to double down on their forecast that the digital asset could be gearing up for a massive rally. This analysis was done alongside another cryptocurrency, Stellar Lumens (XLM), both of which analyst @CryptoBilbuwoo believe are set to break previous all-time high records.
A Two-Part Forecast For XRP And XLM
The crypto analyst’s forecasts go as far back as January 2023, which, if anything, shows a high level of conviction in the price prediction. In the latest iteration of quoting their previous forecast on the X (formerly Twitter) platform, CryptoBilbuwoo has once again presented bull cases for both XRP and XLM.
In the forecast, the crypto analyst points to a golden cross in the charts of both of these digital assets. This golden cross has often been bullish for cryptocurrencies but the analyst expects a massive run once it gets underway.
#xrp #xlm #Ripple #GOLD #Liquidity
LUMEN & RIPPLE.
March 2017 is on the way.
The chart shows that 1.618 Fibonacci ratio(XLM: 6.5$, XRP: 26~33$) will be completed at the end of December.
September shine like a gold on December.
🥇 https://t.co/ehg6MhOABY pic.twitter.com/RPJQDmHoch
— (X)=chi (R)esurrected (P)=rho (@Cryptobilbuwoo0) October 15, 2023
The last time the golden cross appeared for both of these cryptocurrencies was back in 2017 which resulted in a rally for both of them. Using this historical performance, the analyst predicts an over 6,500% price surge for both assets.
At the top of the forecast, the analyst says that the XLM price could rise as high as $6.5 from its current level of around $0.1. As for XRP, they forecast a rise to $26-$33 once the rally is done. The upper end of this would see the XRP price rise over 6,500% at the very top.
Tone price makes its way toward $0.5 | Source: XRPUSD on Tradingview.com
Following Previous Forecasts
CryptoBilbuwoo’s recent forecast aligns closely with their previous forecast about the XRP price. A September 17 post on X saw the crypto analyst put the digital asset’s price as high as $589, but interestingly, the $26-$33 level is also highlighted in this previous chart.
Given this, it seems the crypto analyst’s latest forecast is expanding on price action expected before the predicted meteoric rise to $589. Also, the addition of XLM shows that the analyst expects a very similar price action for both assets.
This analyst is not the only one to put the price of XRP above $500. In September, a Wells Fargo Business Development Manager, Shannon Thorp, made headlines for her incredibly bullish forecast for the altcoin. Thorp theorized that as Ripple captured a larger share of the cross-border payments sector, the XRP price could rise as high as $500.
Although this is a very high price level given that XRP is only trading at $0.49, the conviction among numerous analysts that the price could reach triple-digits has been astounding. Another analyst known as XRP Captain on X also predicted that the Altcoin’s price could rise to $130.