- Crypto sleuth Mr. Huber shares insights on a few facts about Ripple’s XRP.
- Mr. Huber asserts that XRP needs to exhibit a 2000% to retrieve its all-time high.
- As per his findings, Ripple must spend 6 billion dollars in net buys for a 20x surge.
Crypto sleuth Mr. Huber added intrigue to the growing New Year anticipations on a potential crypto bull run with his insightful findings of Ripple’s XRP. As a sequel to his previous analysis of XRP’s potential challenges to retrieve its all-time high (ATH), the researcher shared a few “facts” about XRP.
Mr. Huber
The analyst’s findings are based on a historical analysis of XRP’s trajectory, especially its previous bull market. According to CoinMarketCap data, XRP, currently trading at $0.6335, had an ATH of $3.84 in 2018. After scrutinizing XRP’s price movements during the time, Mr.Huber pointed out that XRP had “sudden inexplicable very fast price spikes between 30 and 100%”.
Narrating the sudden price spikes of XRP, Mr. Huber posited that the surge “almost invariably coincides” with Ripple buybacks on the open market. While such XRP buybacks happen approximately once a quarter, the possibi…
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