Prominent crypto commentator Henry believes XRP is now at a final bargain buying opportunity, projecting an incoming $2 price for the asset.
Henry recently voiced this view on X, noting that an XRP investment at around $0.5 is a favorable entry position. He believes individuals loading the asset at this range stand to reap “life-changing” profits upon the full emergence of the bull run in the 2024/2025 season.
#XRP last buying opportunity before the Bullrun 2024-25
Are you ready for life changing gains? #XRP Holders this is our moment! Let’s F***ing Go!!! #XRP is ready, my target is $2 pic.twitter.com/KJAhxBUYZd
— Henry (@LordOfAlts) April 21, 2024
Last XRP Buying Opportunity Before $2
The accompanying charts identified support zones for XRP between the $0.5 and $0.4 thresholds. Two weeks ago, XRP revisited this range following a 20% price collapse influenced by Bitcoin. While XRP swiftly recovered and re-entered the $0.5 range, it repeatedly retraced into the $0.4 price level.
However, seven days after the crash to $0.433, XRP has regained a firm footing above $0.5. For instance, the asset soared to a high of $0.5691 in the last few days.
Observing this commendable comeback, Henry asserted the XRP is at the final stage of its cheap territory before the much-awaited post-halving bull run. According to him, XRP “is ready” for the moon. He disclosed his ultimate target for XRP this season to be $2
What XRP at $2 by 2025 Means
Notably, Henry’s target falls within some of the unambitious outlooks for XRP this season. The $2 projection substantially contracts the view of other market commentators who have argued for a $20 point. Interestingly, some pundits consider even a $5 price point conservative.
Furthermore, the prospect of XRP reaching $2 by 2025 suggests that long-term investors in XRP may face additional years of holding their investments without seeing satisfactory profits, given that this price falls short of the $3.84 peak observed in 2018.
Recently, there has been growing concern among XRP enthusiasts about missing out on the current bull run. This apprehension gained traction particularly because XRP has consistently traded below $1 during the early stages of this bullish period, showing minimal movement.
Nonetheless, XRP at $2 translates to a substantial 288.5% gain for individuals entering the XRP market for the first time. As for long-term holders, they would still be shouldering a 47.916% deficit in their XRP investment.
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