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Scott Melker, a widely followed trader and cryptocurrency strategist, says he is optimistic about the fourth largest cryptocurrency.
In a new tweet, the analyst known in the industry as the Wolf of All Streets tells his 133,000 followers that he believes XRP could go up to $ 0.33, which represents a more than 22% increase from its current price of $ 0.27. .
“XRP (USD) They laughed at me when I shared this exchange. But who is laughing now? I’m, I’m laughing because it is XRP. However profitable. “
Melker’s bullish call comes as Santiment is the crypto platform reporting substantial growth in the number of whales invested in Ripple’s native resource.
“XRP it had an impressive + 8.4% per week, and is currently the number 1 rising asset in the talk rate on crypto platforms. The rise of holders of coins containing large amounts of XRP it was very evident, as addresses with 10-1 million tokens are at new all-time highs. “
Santiment also reveals the distribution of addresses based on their XRP balance:
- 10-100 XRP: 1.45 million addresses
- 100 – 1.000 XRP: 332.660 addresses
- 1,000 – 10,000 XRP: 256,340 addresses
- 10,000 – 100,000 XRP: 104,430 addresses
- 100,000 – 1 million XRP: 17,658 addresses
- 1 to 10 million XRPs: 1,350 addresses
- 10 million XRPs and beyond: 307 addresses
In his XRP price analysis, a famous crypto strategist named Dave the Wave shared a chart earlier this month showing that XRP could carve a long-term bottom after printing a 2020 low of $ 0.09. The chart reveals that if XRP breaks out of the $ 0.30 resistance, it can point to $ 0.50.
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Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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