Veteran Crypto Investor Says XRP Under $2 Is a Gift. Here’s Why

Veteran crypto investor Crypto Bitlord has ignited fresh enthusiasm in the XRP community with a bold claim: “ Monster whales are loading the $XRP dip . Anything under $2 is a gift.” As XRP trades around $1.99, Bitlord’s remarks underscore a growing sentiment among seasoned investors that the current price presents a rare opportunity, not a risk. “When you know it’s going to $7, it’s no longer gambling. It’s pure belief,” he added, hinting at a strong conviction rooted in market dynamics, technical indicators, and on-chain data. Whale Accumulation Signals Confidence Crypto Bitlord’s post coincides with an observable uptick in whale activity . On-chain data reveals that large holders have acquired nearly 900 million XRP in recent weeks, representing almost $2 billion in value. Over 300,000 wallets now hold more than 10,000 XRP, suggesting institutional and high-net-worth players are positioning themselves ahead of a potential breakout. Such massive accumulation is rarely coincidental. Historically, significant buying activity by large investors (whales) has often preceded price increases, particularly during times of market uncertainty or consolidation. The message is clear: major investors see long-term value in XRP at its current levels. Technical Landscape: Pressure and Promise From a technical perspective, XRP recently slipped below key support zones around $2.12 and $2.15, hitting a weekly low of $1.98. It’s now consolidating just beneath the 100-hour simple moving average, facing immediate resistance at $2.07 and $2.10. A breakout above $2.1750 could signal the start of a fresh rally, potentially pushing XRP toward $2.40 or higher. Analysts note the formation of a symmetrical triangle on the daily chart, a technical pattern that often precedes substantial price movements. If XRP breaks above the triangle, targets of $3.00 and beyond are on the table. However, if it breaks down, support near $1.90 becomes the next battleground. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Forecasts Back the Bullish Sentiment Crypto Bitlord is not alone in his optimism. Prominent analysts such as Dark Defender have projected short-term price targets of $4.40 and $6.30 for XRP. Others, including CrediBULL Crypto, highlight bullish setups on the XRP/BTC pair, further reinforcing confidence in XRP’s near-term prospects. In more aggressive outlooks, Bitlord himself has suggested XRP could hit $12 within a month, a claim many see as extreme, but not entirely unfounded given the scale of past crypto market rallies. Some long-term models even entertain scenarios where XRP surpasses $20 or $40 under the right market conditions. Why the Sub-$2 Zone Matters The significance of XRP trading under $2 goes beyond price . It represents a psychological threshold and a perceived “last chance” for strategic accumulation before a Significant price surge. With whales entering the market, technicals approaching breakout zones, and forecasts aligning, many seasoned investors view this price range as undervaluation. Bitlord’s declaration that anything below $2 is a gift reflects a broader shift in market sentiment—from speculation to strategic positioning. His phrase, “it’s pure belief,” encapsulates the mindset of those who’ve seen similar setups in past bull cycles. Final Thoughts At $1.99, XRP sits at a crucial inflection point. The combination of whale accumulation, bullish technical patterns, and optimistic forecasts suggests a strong potential for significant price gains. While risks remain, especially in the volatile world of crypto, many, like Crypto Bitlord, see this moment as a rare opportunity. For them, this isn’t just a bet on price appreciation; it’s a calculated expression of belief in XRP’s long-term trajectory. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Veteran Crypto Investor Says XRP Under $2 Is a Gift. Here’s Why appeared first on Times Tabloid .

Source: TimesTabloid