Crypto Analyst Puts a $1 Target on XRP and Says the Bottom May Be Close

Virtual Bacon, a crypto analyst with a retail following, has put a $1 target on XRP. He also said that level could mark the end of the token's current decline. The call follows a rough month for XRP, with sellers in control and buyers slow to return. He is bearish on XRP in the near term and sees a possible stop at $1.10 first. He gave no time frame for either level. Virtual Bacon said XRP "may have bottomed" near that level. In his view, a dip there would complete the selling.

Source: Crypto Daily