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

PANews reported on May 23 that according to CoinDesk, as Bitcoin broke through $110,000 and entered a consolidation phase, market attention began to turn to mainstream altcoins such as XRP and SOL. Bitget chief analyst Ryan Lee said that XRP benefited from regulatory clarity and technical trend breakthroughs, and the medium-term price may rise to $3 to $8. The XRP/BTC weekly chart has shown a "golden cross" bullish signal. At the same time, SOL may hit $220 to $300 driven by ETF expectations. Although macro uncertainties remain, QCP Capital believes that the fundamentals of this round of increases are more solid and sentiment has not yet overheated.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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