In the dynamic world of cryptocurrency, strategic calls on market entry points can often make or break an investor’s portfolio. Michael, a well-known crypto analyst, has built a reputation for making accurate predictions about XRP’s price movements. In a recent tweet, he reminded the crypto community of his successful recommendations to buy XRP at favorable entry points over the years.
I told you to buy XRP at $0.3
— Crypto Michael (@MichaelXBT) January 10, 2025
I told you to buy XRP at $0.5
I told you to buy XRP at $1.3
This might be your last chance to buy before the next leg up to $5 https://t.co/D4dWE6oQGC
Proven Calls to Buy XRP at Discounted Prices
Michael highlighted his call to buy XRP when it was trading at $0.30 during Q3 2022, a move that has since delivered nearly nine-fold returns. He also urged investors to consider XRP at $0.50 in July 2024, anticipating a historic breakout. Although the rally delayed until November 2024, XRP surged past $1 and has since remained above that level, reaching a seven-year high of over $2 in December 2024.
Notably, Michael’s bold call to buy XRP at $1.30—despite skepticism from investors who deemed the price “too expensive”—proved fruitful as XRP climbed beyond $2.
Is This the Last Chance to Buy XRP Under $3?
Since hitting $2.90 in early December 2024, XRP has faced bearish momentum, briefly dipping to $1.90 multiple times. Presently, the token is consolidating between $2.00 and $2.40. Michael believes this could be the last opportunity to buy XRP below $3 before another significant rally.
He predicts that XRP may surge to $5, which would represent a substantial 114% gain from its current price of $2.34. Other market analysts echo Michael’s bullish sentiment, forecasting XRP’s next targets between $4 and $5 during the ongoing bull cycle.
Risks and Opportunities
Despite the optimism, some analysts caution that XRP might need to revisit lows near $2 before resuming its upward trajectory. This dip, if it occurs, could serve as a launchpad for a larger breakout.
$XRP offers two potential entries. The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50.
— Ali (@ali_charts) January 9, 2025
Regardless of your entry, the target remains $10! pic.twitter.com/chpPehzUq7
For investors, the current phase presents both a potential entry point and a moment of reflection on XRP’s growth trajectory as it approaches a possible historic high.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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