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Cryptocurrency News Articles

Coach JV Predicts XRP Will Hit $100, Warns Investors Will Regret Not Buying Below $7

Dec 27, 2024 at 01:32 pm

A market analyst believes investors who failed to purchase XRP under a three-digit price level will regret their decision.

Coach JV Predicts XRP Will Hit $100, Warns Investors Will Regret Not Buying Below $7

A market analyst has sounded the warning bell for investors, urging them to capitalize on XRP's current price while it still remains below three digits. According to Coach JV, a market commentator and CEO of 3T Warrior Academy, investors who fail to purchase XRP at these lower price points will experience regret in the future.

This commentary comes amid a period of turbulence in the crypto market, with XRP also feeling the heat. The altcoin dropped 1.24% on Christmas Day and a more substantial 6.06% on Boxing Day. However, XRP has since begun recouping these losses, although this rebound has not yet propelled it back above the $2.2 level.

Despite the gloomy condition, Coach JV appears optimistic about XRP's long-term fundamentals. He expressed this confidence in a recent disclosure, as some investors sit on the sidelines observing XRP's price performance.

Interestingly, his commentary suggests he expects XRP to finally overcome the $2 territory and push toward new highs at $5 and $7. According to Coach JV, market participants who fail to procure XRP at $2, $5 or $7 will regret their decision someday.

Further, in a more ambitious outlook, the market expert predicts that these individuals will FOMO into XRP when it clinched an audacious $100 target.

The $100 XRP Price PredictionThis $100 price prediction has been a central topic within the XRP community, with one camp championing it while the other dismisses it as wishful thinking.

It is worth noting that XRP's total supply is around 100 billion tokens, which would put its valuation at $10 trillion if XRP hits $100 per token. Critics have pointed to this supply issue as the main factor that will prevent such a price level, as a $10 trillion market cap would be about 10% of the total global M2 money supply.

However, some experts are optimistic. For instance, market commentator Armando Pantoja argued last month that an XRP rally to the $100 mark is very possible, dismissing these concerns around market cap constraints. Crypto YouTuber also said he is “100% certain” that XRP can hit $100.

Now, Coach JV, who also champions this price prediction, believes that most investors will only begin FOMOing into the XRP market after it claims the $100 level. In his recent commentary, the trader warned against a short-term mindset, which pushes investors to anticipate immediate gains and destroys portfolios.

XRP in a Strong PositionAmid the ongoing market turbulence, XRP appears to be in a comfortable position. While the token has defended the $2 support, currently changing hands at $2.15, its Commodity Channel Index (CCI) now stands at -112, suggesting an undervalued position.

This figure indicates that XRP has massive room for growth, which could see it finally breach the $3 level once the market recovers. For context, the last time the CCI traded at the -100 level was in late October when XRP traded for $0.50. It had enough room to rally 480% to $2.9 on Dec. 3 from this level.

News source:thecryptobasic.com

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