Altcoin Moe Segments XRP Price Targets Into Groups of Safe, Feasible and Unlikely Ones

The disclosure comes on the back of the uncertainty that has engulfed the broader crypto market, impacting altcoins like XRP.

Prominent crypto trader Altcoin Moe has categorized XRP price targets into groups, ranging from safe to feasible to unlikely.

This comes as the broader crypto market faces uncertainty, impacting altcoins like XRP. The uncertainty follows a massive pullback led by Bitcoin (BTC) after hawkish remarks by Federal Reserve Chair Jerome Powell.

With XRP showing resilience, several market watchers have presented ambitious price targets for the altcoin. However, Altcoin Moe, with a decade of trading experience, suggests some targets are realistic while others are unlikely to materialize. He revealed this in a recent commentary, presenting a similar analysis for 29 altcoins, including XRP.

Safe, Feasible and Unlikely XRP Price Targets

According to the analyst, market commentators and investors who envision a 4x increase for XRP might actually see their predictions come true. Altcoin Moe categorized a 4x projection as “Safe” for XRP.

He believes a 4x rise is likely for XRP in this cycle, which could push prices from the current $2.23 to $8.92, around the $9 level. Interestingly, while XRP traded for $0.53 in September, analyst Big Mike predicted a rally to $9.

Moreover, Altcoin Moe suggests that beyond the 4x projection, a 9x target for XRP this cycle is feasible, but he failed to categorize it as safe.

This suggests that while a 9x is possible, unforeseen market conditions are capable of hindering it. Such a 9x rise would put XRP price at $20. Two months back, Crypto YouTuber ModernInvest claimed it would be weird if XRP failed to hit $20 in this cycle.

Speaking further, Altcoin Moe then stressed that those expecting XRP to surge 15x might face disappointments, as this rally is “unlikely.” For context, a 15x increase from this level would push XRP price to the $33 region.

Several market commentators, such as wealth mentor Linda Jones and analyst Bobby A, have predicted an XRP rally to $33. In September, market watcher EGRAG Crypto also projected a possible XRP rally to $33, leveraging Elliott Wave and Fibonacci levels. Economist XRP Shark insisted in July XRP could still target $33.

XRP Shows Resilience

The latest commentary from Altcoin Moe comes amid ongoing market turbulence. For context, Bitcoin recently collapsed from the $108,000 all-time high to trade below the $100,000 mark. In response, XRP has also observed sustained bearishness, but appears to be showing resilience, as it still maintains a 15% increase in December.

In comparison, Ethereum (ETH), the king altcoin, is down 8.09% in December, while Bitcoin has dropped 2.34% this month. At press time, XRP changes hands for $2.23, maintaining the $2 price level, which it plans to leverage as a springboard for when a market-wide rebound ensues.

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