XRP Takes On Live TV: Analyst Predicts Surge To | Crypto News
Oliver Michael, the CEO of Tokentus, has again offered a bullish outlook for XRP. This time, he predicted that the altcoin might attain as high as $13 and outlined elements that might serve as catalysts for this vital price surge.
XRP Eyes Surge To $13 With These Catalysts
Oliver Michael predicted in an interview that XRP might rally to $13 at some level if it sustained its current bullish momentum. He alluded to the Ripple SEC lawsuit, which just concluded and how it might spark a number of ripple results, which might act as catalysts for the next leg up for the third-largest crypto by market cap.
One of these ripple results is the potential approval of the XRP ETFs. Michael famous that the SEC can now go on to approve these funds since the legal battle against Ripple is over. Furthermore, he raised the likelihood of BlackRock submitting for an XRP ETF and indicated that the altcoin is probably going to document a parabolic rally if this occurs, contemplating BlackRock’s place as the world’s largest asset supervisor.
It is value noting that BlackRock has said that it has no plans to file for an XRP ETF at the second. However, XRP lawyer John Deaton believes that the world’s largest asset supervisor will still file to offer this fund within a yr from now. If so, this might drive vital inflows into the XRP ecosystem, contemplating the success that the firm has recorded with its Bitcoin and Ethereum ETFs.
More Catalysts For The Altcoin
Meanwhile, Oliver Michael also expects more Ripple companions to emerge now that the SEC lawsuit is over. This will help improve XRP’s utility as more firms undertake Ripple’s fee companies. Notably, the crypto firm has also made great strides to broaden its presence globally by buying platforms just like the stablecoin platform Rail and brokerage firm Hidden Road.
Another cause why the Tokentus CEO believes that XRP can attain this $13 price stage is based on his expectation that retail traders will develop a larger curiosity in the altcoin now that Bitcoin and Ethereum have already pumped considerably. Therefore, they may flip to XRP as the third-largest crypto, which can have more upside than BTC and ETH.
Michael remarked that XRP’s transfer to the upside might occur actually fast, related to its rally of over 300% from below $1 to $3 last yr. The altcoin already rallied to as high as $3.6 this yr, boasting a 33% year-to-date (YTD) gain. However, based on Michael’s prediction, the XRP price might still attain new highs in the approaching months.
At the time of writing, the XRP price is trading at around $3.10, down in the last 24 hours, according to data from CoinMarketCap.
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