Despite XRP lagging in the early stages of this bull market, cryptocurrency expert Zack Rector shared his beliefs and stated why the crypto token should still perform well. He even went so far as to rank the token against Bitcoin to make his point about why the token will become popular quickly.
“XRP won't miss this bull market”
Rector said in a post on X (formerly Twitter) that XRP will not miss this bull market. In an accompanying video, the crypto expert highlighted the fundamentals of the crypto token as one of the reasons for this belief despite the slow price movement of XRP. Rector further claimed that the token and he XRP Ledger (XRPL) have some of the best fundamentals in the crypto space.
Rector asked his followers to mention other crypto tokens with better fundamentals than XRP. According to him, the only token that comes close to XRP in this respect is Bitcoin. His statement echoes the sentiments of Ripple CEO Brad Garlinhaus, who recently stated the importance of real-world utility in driving the growth of cryptocurrencies.
Meanwhile, Rector hinted at XRP's recent pump as a sign of great things to come for the crypto token. On March 11th, XRP rose to $0.74 and then saw a sharp correction. However, considering that XRP did not have a significant say in the 2021 bull market, the community will hope that Rector's conviction is correct.
As Rector pointed out, community members' trust in the token is rapidly waning, and there is a belief that a repeat of altcoin underperformance in 2021 will ultimately erode this trust. XRP approaching or exceeding its all-time high (ATH) of $3 would be a great starting point to move forward in this bull market.
It's time for price predictions to become reality
Cryptocurrency analysts such as Crypto Rover and Egrag Crypto have previously made bullish price predictions for XRP, which they say are expected to come true around this time. Crypto Rover predicted a “massive breakout” in altcoins in March of this year. Meanwhile, Egrag predicted that XRP will rise to $5 between now and April.
Other analysts like Dark Defender are also fueling expectations for XRP this season. Notably, Dark Defender recently stated that the next target for the token is the $1.33 price mark, with Fibonacci targets of $1.88 and $5.85 likely to be achieved in the coming weeks.
At the time of writing, XRP was trading around $0.686, down more than 1% in the past 24 hours, according to data from CoinMarketCap.
Token price is $0.68 | Source: XRPSDT on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com