The host of the ‘Cryptocurrency Discovery’ YouTube channel made the following bold claim: XRP price There could be a 1000% increase from the current price range. He emphasized: Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple as one of the factors that could trigger this price surge.
If Ripple and SEC stabilize, XRP price could rise 10x.
in video An analyst posting on his YouTube channel suggested that XRP is poised for one big rally. Ripple and SEC finally reached an agreement.. He described the protracted legal battle between the two parties as a “black cloud” that continues to cause uncertainty in the XRP market.
He also mentioned how investors dislike uncertainty, which may explain why they continue to trade cautiously rather than doubling down on their XRP investment. Meanwhile, the ‘Discover Crypto’ host believes that regardless of the amount. Ripple ends up paying a fineThe agreement will undoubtedly be ‘positive news’ and a trigger for a price surge.
The cryptocurrency analyst went on to break down four different reasons why he believes the price of XRP could skyrocket by 1000%. First, he said: Ripple initial public offering (IPO) could also trigger a significant rally for XRP. He argues that these price increases will be fueled by market makers and whales seeking to create positive sentiment around IPO launches.
To support this point, he argued that Bitcoin’s biggest move in 2021 will not be the result of: bitcoin halving Or because of the Coinbase IPO despite any market cycle. These same market makers are said to have driven up the price of the flagship cryptocurrency at the time.
Token price at $0.53 | Source: XRPUSD on Tradingview.com
Other factors that could trigger a parabolic move in XRP
The crypto analyst explained: cryptocurrency bill This is the third reason why XRP could rise exponentially from its current price level. He expects XRP to be one of the tokens to benefit the most from this development, while acknowledging that the entire cryptocurrency market will benefit from this.
Institutional adoption is expected to be another catalyst for XRP’s parabolic movement. The ‘Discover Crypto’ host mentioned the following methods: Bitcoin ETF Spot It opened the door to mainstream adoption. Therefore, he anticipates that more companies will want to add crypto tokens such as: Add XRP to your portfolio With Bitcoin exposure.
The fifth factor that can trigger XRP rises 1000% Bitcoin halving. Crypto analysts predict that all cryptocurrency tokens, including XRP, will be pumped after the halving. Therefore, he believes that buying XRP now at $0.50 is definitely a steal.
Featured image from Crypto News, chart from Tradingview.com
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