- A crypto analyst said XRP would cross $23 by June this year.
- The crypto community disagrees, making fun of the analyst’s prediction.
- Last year, Crypto Bull said XRP would hit $4.7, but it never happened.
A famous crypto analyst with the username Crypto Bull on Twitter asserted that the Ripple blockchain token XRP will cross $23 by June this year based on its historical patterns.
According to the market tracking platform, CoinMarketCap, XRP trades below half a dollar, and its all-time high was $3.80, five years ago. Given that the Ripple coin would have to travel about 6,200% to hit the supposed $23 within the next five months, the crypto community considers Crypto Bull’s prediction far from reality.
Last year, Crypto Bull said XRP would hit $4.7 — however, it never happened. A Twitter user used it to mock the analyst’s current prediction of “$23 by June.”
Elsewhere, a crypto enthusiast asked the crypto community about the highest price XRP could reach. Greg Willis, an IT developer, said it should be around $4 and $5. Willis added that he is not convinced that a favorable judgment from the lawsuit between Ripple and US Securities and Exchange Commission will pump XRP more than those figures.
Yesterday, the Bank of England and the UK Treasury published a consultation paper on the digital pound, a UK Central Bank Digital Currency (CBDC), mentioning Ripple’s technology. The firm cited the blockchain under the heading “Enable private sector innovation” in connection with Real-Time Gross Settlement (RTGS).
The paper read in part: “Cross-border Synchronization: a joint project with Ripple demonstrating that synchronized FX transactions in two different simulated RTGS systems can be achieved.”
The central bank also stated that it has been working with the Web3 Industry to develop new strategies and structures to benefit from the innovation.
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