In a surprising move, renowned crypto analyst Doctor Profit, famed for accurate Bitcoin predictions, has expanded his crypto portfolio, focusing on XRP. The analyst, who recently forecasted significant gains for altcoins PYTH and MATIC, disclosed his latest venture via a Twitter post.
Read CRYPTONEWSLAND onDoctor Profit revealed a substantial investment in XRP, purchasing half a million dollars’ worth at a price of $0.56, reinforcing his existing long-term position. This move follows his last major XRP acquisition in January of the previous year when he secured the asset at $0.32.
The crypto community is abuzz with speculation as Doctor Profit’s open support for XRP signals potential momentum for the beleaguered digital asset. The XRP Army, a dedicated community of supporters, has long anticipated a surge in XRP prices, with the crypto struggling to gain significant traction in recent times.
While some XRP holders have diversified their portfolios, Doctor Profit’s notable investment raises questions about the timing of a potential upswing in XRP’s value. The analyst’s decision to augment his holdings comes at a crucial juncture, considering the dissipation of legal barriers for both XRP and Ripple.
As XRP enthusiasts await a positive turn in the market, Doctor Profit’s confidence in the digital asset adds a layer of optimism. The question looms: Could this be the long-awaited moment for XRP to rally after years of patient anticipation? With legal uncertainties diminishing, the stars may align for a resurgence in XRP’s fortunes.
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