Prominent Economist Says XRP Will Surprise Many Doubters

Mikybull, a well-known economist and technical analyst, claims that XRP is poised for a spectacular rally that will continue to catch skeptics off guard.

The seasoned economist expressed this sentiment in a recent update shared on X. The post is accompanied by a chart that explores XRP’s candlestick pattern on a yearly scale.

The chart reveals that XRP was steadily reversing a downtrend that began after its sudden and unexpected spike to $0.74 in Marchwhich recorded a 20% increase in a few hours.

Notably, the chart shows that XRP was in a prolonged downtrend before the sudden reversal in March. Mikybull believes that history could repeat itself, as XRP has been in a downtrend since March, setting the stage for a similar dramatic reversal.

As a result, he boldly claimed that XRP would surprise its detractors in the coming days. Indeed, the predicted the gathering has materialized, and XRP has also attracted the attention of prominent critics among Bitcoin maximalists.

At the time of the sendXRP traded at around $0.4744. However, just four days later, it surged to $0.6366, a price not seen since April. This represented an impressive gain of over 34%.

In fact, XRP has surprised skeptics

Following this unexpected gain, MMCrypto, a famous Bitcoin mega, have expressed interest in XRP. While he admitted that he was not an XRP fan, he noted that he would be watching its performance closely for investment opportunities. In fact, a few days later, shared a post detailing how he made $9 million trading XRP and other assets.

Similarly, major media outlet Bloomberg also noted the remarkable growth of XRP. In particular, published an article highlighting its emergence as one of the best performing tokens among the top-tier ones.

Further surprises await skeptics

In a subsequent update, Mikybull acknowledged XRP’s bullish trend, revealing that it had surpassed its short-term target much faster than expected. Meanwhile, the analyst hinted that the main event is yet to come, suggesting that an even more dramatic and intense price rally is on the horizon.

While XRP is currently experiencing a brief cooling-off period, Mikybull noted that the cryptocurrency will soon reach the $1 target.

At press time, XRP is trading at $0.5985, having slipped 1.21% in value over the past 24 hours. Despite this small correction, the cryptocurrency is still holding an impressive 30-day gain of over 28% at its current level.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Announcement-

Fuente