XRP's price surges, trader warns of market destabilization, prediction of reaching $24

From Investing.com

December 2, 2024 1:30:22 pm:

XRP’s price has surged almost 400% since the U.S. election, now valued at over $135 billion. Can it overthrow Bitcoin next? Trader DonAlt warns of market destabilization if XRP grows too fast, drawing parallels to 2017. Renowned trader Peter Brandt predicts XRP could reach $24 per token, challenging Bitcoin’s dominance.

Despite bullish predictions, caution is advised due to the risks involved in rapid growth. The 2017 market crash serves as a reminder of what can happen if things spiral out of control. Managing growth carefully is crucial to avoid catastrophic corrections.

Read more at Investing.com: Expert Trader Breaks Silence on What Happened in 2017 By U.Today