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Virtual Bacon Says XRP May Have Bottomed Near $1, Sees $1.10 Risk

He said XRP linked to the Binance hack could add selling pressure and put the chance of an altcoin bull run at 95% if Bitcoin has a bull run.

By Enna Lee
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A silver token rests beside a narrow ledge on a red slope / TokenPost.ai
A silver token rests beside a narrow ledge on a red slope / TokenPost.ai

Crypto commentator Virtual Bacon said XRP may have bottomed near $1 but warned that XRP linked to the Binance hack could enter the market and add pressure on the price.

In a Nov. 2 post on X, Virtual Bacon put the possible downside at $1.10, below his earlier $1.20 expectation. He said the hack-linked XRP could be sold and could not be frozen, creating potential selling pressure.

He also put the chance of a bull run for XRP, Ether (ETH) and Solana (SOL) at 95% if Bitcoin (BTC) has a bull run. Virtual Bacon said altcoins may struggle if Bitcoin remains stuck at current levels.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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