thecryptobasic.com
Crypto analyst and YouTuber Levi Rietveld has boldly declared that XRP will skyrocket to $100 once a specific market milestone is reached.
In a recent video, Rietveld confidently stated that this explosive price action could come much sooner than many investors anticipate, as a significant accumulation phase is already underway. According to Rietveld, those who act now could see life-changing gains as XRP prepares for its next major breakout.
Why XRP to $100 is “Certain”
Rietveld’s confidence in this bold outlook for XRP rests on commentary from Cathie Wood, the CEO of Ark Invest, one of the prominent asset management firms offering Bitcoin ETF shares.
Additionally, he draws inspiration from the growing institutional adoption of cryptocurrencies, particularly through Bitcoin ETFs. He emphasized that as institutions like BlackRock and JPMorgan introduce crypto offerings to their wealthiest clients, liquidity will flow into the broader market, bringing altcoins like XRP to new heights.
Ethereum ETFs have already been approved, and Rietveld suggests that an XRP ETF could likely follow. Last week, hopes for an XRP ETF heightened as Grayscale introduced an XRP Trust for both individual and institutional investors.
In the video, Rietveld further supported his bullish outlook for XRP with Wood’s projection of $650,000 for Bitcoin within this decade. Interestingly, the Ark Invest CEO noted that the company had issued this target as a base case prior to the arrival of ETFs investing in Bitcoin.
With Bitcoin spot ETFs now a reality, Wood stated that Ark became more convinced of its bullish scenario of $1.5 million for Bitcoin by 2030. “There’s no way to shut Bitcoin down,” she stressed.
XRP Will “Easily Surpass” $100 if Bitcoin Hits $1.5M
Building on this confidence, Rietveld emphasized that XRP is poised to benefit from overall market growth as XRP ranks close to Bitcoin.
According to Rietveld, if Bitcoin reaches $1.5 million per coin, XRP will “easily surpass $100.” He stressed his belief that XRP will hit the $100 price target by 2030, noting it taps into markets that Bitcoin cannot reach due to its technology. “XRP is going to be a multi-trillion-dollar asset,” he noted.
Currently, XRP is valued at $0.5734, and reaching $100 would require extraordinary growth of 17,339% from current levels. In comparison, Bitcoin reaching $1.5 million would require a relatively smaller price growth of 2,444%.
Given this ambitious outlook, Rietveld attempted to back his claims with technical analysis, pointing to an extremely bullish signal on the stochastic RSI for XRP.
Accordingly, he encouraged his audience to consider taking advantage of the current market conditions. He noted that he himself holds a 5x leverage position on XRP.