The host of the “Discover Crypto” YouTube channel boldly claimed: XRP price It has the potential to rise 1000% from its current price range. He emphasized that Securities and Exchange Commission One of the factors that could cause this price hike is the (SEC) lawsuit against Ripple.
XRP price could rise 10x if Ripple and SEC settle down
in video Analysts posted on YouTube channel suggested that XRP will rise significantly once Ripple and SEC finally reach a settlement. He described this long-running legal battle between the two parties as a “dark cloud” that continues to bring uncertainty to the XRP market.
He also pointed out that investors are highly averse to uncertainty, which could explain why they have continued to trade cautiously instead of doubling down on their XRP investments. On the other hand, “Discover Crypto” hosts, regardless of the amount, Ripple will be finedthe settlement is definitely “positive news” and will likely trigger a price hike.
The crypto analyst went on to analyze four other reasons why he believes the price of XRP could skyrocket by 1000%. First, he said: Ripple initial public offering (IPO) could also cause a significant rise in XRP. According to him, this price surge will be driven by market makers and whales who want to generate positive sentiment around the launch of an IPO.
To support this point, he argued that Bitcoin’s biggest moves in 2021 were not due to: Bitcoin halving Or any market cycle excluding the Coinbase IPO. These same market makers are said to have inflated the prices of the leading cryptocurrencies at the time.
Token price at $0.53 | Source: XRPUSD on Tradingview.com
Other factors that can cause XRP parabolic movements
Cryptocurrency analysts outlined Cryptocurrency law As a third reason why XRP could rise exponentially from its current price level. While he acknowledges that the entire crypto market will benefit from this, he predicts that XRP will be one of the tokens that stands to benefit the most from this development.
Institutional adoption is also predicted to be another catalyst for XRP’s parabolic move. The host of “Discover Crypto” is Spot Bitcoin ETF It opened the door to mainstream adoption. As such, he expects more companies to want to add crypto tokens such as: Incorporate XRP into your portfolio Alongside their Bitcoin exposure.
The fifth factor that can cause problems 1000% increase in XRP Bitcoin halving. Cryptocurrency analysts predict that all crypto tokens, including XRP, will rise after the halving. Therefore, he believes that buying XRP at $0.50 right now is definitely a bargain.
Featured image from Crypto News, chart from Tradingview.com
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