XRP (XRP) Is a Masterpiece for Long-Term Investment, Short-Term Is a Wrong Game – Doctor Profit

Despite the long-standing tussle, which impacted the price of XRP significantly in 2020, several crypto analysts like Doctor Profit still believe in the coin's potential in the long term.

A recent ruling by the US SEC in its case against XRP has sparked renewed optimism and interest in the altcoin. Despite the coin’s long-standing struggle, which saw XRP’s price vary significantly in 2020, several crypto analysts like Doctor Profit remain optimistic about the coin’s long-term prospects.

Doctor Profit, a popular crypto expert and trader, recently called XRP a masterpiece for long-term investments in a bullish statement, highlighting its exceptional resilience in the volatile cryptocurrency market.

As interest in digital assets surges, Doctor Profit highlights the altcoin’s ability to withstand the mounting pressures of regulatory challenges and investor uncertainty. While the analyst sees XRP as a masterpiece for long-term investment, he has dismissed all short-term investment strategies as a wrong game.

He noted that the coin has traded between $0.42 to $0.72 for the past 1 year, making it a less potential asset for short-term investment and an ideal asset for long-term investors who understand the importance of patience. Thus, Doctor Profit, an investor with entries between $0.09 to $0.44, has cautioned investors against those claiming the crypto asset is worthless and the moonboys making audacious predictions about targets like $589.

Highlighting XRP’s resilience with the 60,000% rally in 2017, the expert attributed its continuous top-10 ranking by market cap in the sector for the past 10 years to the coin’s strength. He added that the asset has managed to retain this position despite a 75% crash from its all-time high in 2020 due to the SEC lawsuit, massive hostility from new investors who fled to rival coins out of fear, and the absence of a macro bull run since 2017.

Despite XRP’s current struggle, Doctor Profit anticipates an upcoming macro rally, considering the coin’s role in the implementation of the Central Bank’s Digital Currencies (CBDC), highlighting the need to focus on CBDC-related investments.

Following the court’s ruling that XRP is not a security as the US SEC earlier claimed, Doctor Profit believes the agency has lost its case with Ripple. According to the expert, the development is a very bullish one for the coin because of the newfound regulatory certainty and the wave of optimistic speculations to come, while reiterating his prediction about an XRP Spot Exchange-Traded Fund (ETF).

Doctor Profit believes the development will also drive renewed hope among big investors, anticipating a major rally in the long term. As a result, the analyst noted that the altcoin’s chart has turned healthy with extremely bullish indicators.

Thus far, considering these advancements, Doctor Profit has predicted the coin to reach between $16 to $20 within a year in the event of a similar 2017 move. These levels, according to the expert are the best-case scenario for the token, while the worst-case scenario will be between $4 and $7.

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