Crypto Pundit Predicts That XRP Price Will Rise “Dramatically,” Here’s When

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	11,196,336,592	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

11,196,336,592

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000019	0.000019	0.000019

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000019

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00002	0.000018	0.00002	0.000019	0.00000662 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00002

0.000018

0.00002

0.000019

0.00000662 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:58:29	3,847,804.00	0.000019	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:58:29

3,847,804.00

0.000019

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,281,367.78	172,927,171,921.39	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,281,367.78

172,927,171,921.39

Crypto Pundit Predicts That XRP Price Will Rise “Dramatically,” Here’s When

13/12/2023 6:00pm

NEWSBTC

Crypto analyst Austin Hilton is the latest to give his opinion on the future trajectory of the XRP price going forward. Specifically, Hilton noted two events that will spur XRP’s price to go up “dramatically.” The analyst also outlined other metrics that present a bullish sentiment for the XRP ecosystem. Major Events That Will Cause XRP Price To Rise In a video shared on his YouTube Channel, Hilton singled out the approval of Spot Bitcoin ETFs and the upcoming Bitcoin Halving as the two events that will cause XRP’s price to go up “dramatically.” He mentioned that the XRP price could rise to over $1.50 when the SEC approves these funds. Related Reading: Crypto Analyst Predicts Cardano Price Will Rise 6000% To $33, Here’s The Timeline Bloomberg analysts James Seyffart and Eric Balchunas currently predict that there is a 90% chance that a Spot BTC ETF will get approved by January 10. Although he had his reservations about that, he seemed optimistic that the SEC would approve these funds soon as the Commission is “running out of reasons to say no.” Once that happens, he expects his price prediction of $1.50 or over to materialize. He had referred to an article where another analyst predicted that XRP would hit this price level in March. However, he believes that it could happen in January or February, depending on how things go. Hilton was quick to point out the fact that these events (BTC Spot ETF & Bitcoin Halving) do not exactly relate to XRP. However, he stated that XRP, being a blue chip, will move up when the overall market moves up. Major altcoins have so far been beneficiaries of Bitcoin’s metric rise on the back of a possible Spot BTC ETF approval. As such, that could explain Hilton’s position on XRP’s rise. XRP bulls struggle to retain control | Source: XRPUSD on Tradingview.com On-Chain Metrics Suggest Bullish Sentiments For XRP The analyst also noted that on-chain metrics suggest a bullish outlook for the XRP ecosystem. These metrics include the number of daily transactions and wallet addresses on the XRP Ledger. According to him, this suggests that there is a “fair amount” of liquidity flowing into the ecosystem. Related Reading: Shiba Inu Rally To $0.0001? Shibarium Transaction Count Breaches 90 Million Milestone The XRP Ledger indeed continues to record significant milestones in terms of transactions processed on the network. Data from BitInfoCharts also shows that XRP has been going head-to-head with Bitcoin and Ethereum in terms of daily transactions. Despite the XRP price’s relatively tepid movement, Hilton sounded bullish on the crypto token as he mentioned that current price levels are a “steal” considering the heights that XRP will attain. At the time of writing, the XRP price is trading at around $0.60, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from TechnoPixel, chart from Tradingview.com

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