- Tokentus Investment AG CEO Tokentus Investment AG predicts XRP will hit $10 and vows to sell twice before buying back. next wave.
- Forbes contributors also expect XRP will stage a rally after the $150,000 Bitcoin prediction.
Ripple’s XRP’s market sentiment has reportedly shifted to bullish overnight, as it was marked by a 5.9% In just 24 hours, the asset has experienced a surge. According to market data the asset has extended weekly growth. 15%, Pricing your product at $0.625033.
Oliver Michel is the founder and CEO of Tokentus Investment AG. He believes that XRP will break a multiyear resistance level, to reach $10. In an interview with German finance magazine Der Aktionär, Michel is cited to have admitted that he owns some number of XRP.
According to him he will only be willing to sell if the price reaches five dollars. According to him, XRP’s price could reach a three- or four-digit level. In this case, the plan is to sell at least two times and buy them back before the next Bull cycle
After the court case was announced between Ripple and US Securities and Exchange Commission, XRP’s value plummeted. SEC, though Ripple won a partial win, isn’t ready to give up yet. It has put its last coin in an appeal that is as extensive as covered by Crypto News Flash.
Michel is optimistic about its potential, regardless of what happens. His bet on XRP as deduced from the interview with Der Aktionär is largely motivated by the recent role of the asset in cross-border payments and the development of Central Bank Digital Currency (CBDC).
Forbes Contributor believes that XRP’s price is dependent on Bitcoin performance
Billy Bambrough is a Forbes senior contributor who believes in the bullish potential of XRP. He believes that XRP will benefit from Bitcoin’s $150,000 projected value, as seen in the historical charts. Bitcoin has seen a surge of more than 100 percent in the past six-months, reaching a high of $64,000. In the same time period, XRP grew by 26% from $0.4744 to $0.6.
Bambrough believes the newly approved spot Bitcoin Exchange Traded Fund is the primary catalyst behind this market movement, as it opens up the ecosystem to mass adoption.
$150,000′ By 2025—Bitcoin Braced For An ‘Unprecedented’ Wall Street Price Earthquake After Breaking $60,000, Boosting Ethereum, XRP And Crypto.
He also said that BlackRock’s involvement in the ETF markets was a major factor driving Bitcoin to $150k. The analyst said that if Bitcoin were to move from its current price of $150,000 to $150k, it would be a 140% rise. XRP would be at $1.43 if the same movement was applied to it. The analyst believes that this price is possible as XRP can reach $3.4 once it crosses the level.
Valour Inc.’s recently launched XRP Exchange Traded Product ETP could also be a factor in driving the price up to the forecast level. Citing an earlier statement from Crypto News FlashThe XRP ETP was launched on February 21st, 2024. The ecosystem benefits include direct exposure for investors via banks or brokers.
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Source: www.crypto-news-flash.com