Bitcoin and XRP Price Predictions
Bitcoin has seen significant growth this year, with a rise of over 120% since the beginning of January, currently trading at approximately $36,700. Analyst KALEO predicts a potential increase to $40,000 by the end of the year, with a possible temporary drop to $34K before rising again. They also advise investors to increase their exposure to BTC.
Wouldn’t be surprised to see a wick down to the lower part of this range around $34K before resuming the move higher.
Just keep stacking. pic.twitter.com/0Z9RdeHmGp
— K A L E O (@CryptoKaleo) November 13, 2023
Bullish in XRP, too
KALEO is also optimistic about the future price of XRP. They believe that XRP’s value could increase due to legal victories for Ripple against the SEC, leading to its current value of around $0.66. The positive legal outcomes for Ripple have significantly impacted XRP’s market performance.
“Considering the SEC’s track record this year in cases against crypto, I’m buying the blood and taking the bet.”
The court decision denying the SEC’s motion in early October led to a spike in XRP’s valuation, surpassing the $0.50 mark. The uptrend continued, resulting in Ripple’s native token currently being worth around $0.66.
Hot Take: Crypto Analyst Predicts Bitcoin and XRP Growth
In conclusion, crypto analyst KALEO is bullish on both Bitcoin and XRP, predicting potential growth for both cryptocurrencies based on market trends and legal outcomes for Ripple against the SEC.
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