Analyst: Funds may rotate after Bitcoin hits new high, XRP target price may reach $8

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PANews
05-23
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PANews reported on May 23rd that according to CoinDesk, as Bitcoin breaks through $110,000 and enters a consolidation phase, market attention is shifting to mainstream Altcoins such as XRP and SOL. Bitget's chief analyst Ryan Lee stated that XRP benefits from regulatory clarity and technical trend breakthrough, with potential mid-term price reaching $3 to $8. The XRP/BTC weekly chart has shown a bullish "golden cross" signal. Meanwhile, SOL may surge to $220-$300 driven by ETF expectations. Despite ongoing macroeconomic uncertainty, QCP Capital believes the current rally has more solid fundamentals and market sentiment has not yet become overheated.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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