Oliver Michael, the CEO of Tokentus, has another one Bullish Outlook for XRP. This time he predicted that the Altcoin could reach up to $ 13 and outlined factors that could serve as catalysts for this considerable price.
XRP -eyes rise to $ 13 with these catalysts
Oliver Michael predicted An interview That XRP could collect up to $ 13 at a certain moment if it sustained its current bullish momentum. He referred to the Ripple secThat has just been completed and how it could cause different wrinkle effects, which would act as catalysts for the next leg for the third largest crypto per market capitalization.
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One of these wrinkle effects is the possible approval of The XRP ETFs. Michael noted that the SEC can now approve these funds, because the legal fight against Ripple is over. He also increased the possibility that BlackRock applied for an XRP ETF and indicated that the Altcoin will probably register a parabolic rally if this happens, given the position of BlackRock as the world’s largest asset manager.
It is worth mentioning Blackrock said That it currently has no plans to submit an XRP ETF. However, XRP lawyer John Deaton believes that the world’s largest asset manager will still submit to offer this fund within a year. If so, this could cause a considerable inflow into the XRP ecosystem, given the success that the company has registered with its Bitcoin and Ethereum ETFs.
More catalysts for the Altcoin
In the meantime, Oliver Michael also expects more Ripple partners to come up now that the sec -right case is over. This will help to improve the usefulness of XRP as more companies take on Ripple’s payment services. In particular, the crypto company has also made great progress to expand its presence worldwide by acquiring platforms such as the Stablecoin Platform Rail and brokerage firm hidden road.
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Another reason why the Tokentus CEO believes that XRP can reach this price level of $ 13 is based on his expectation that retail investors will now develop a greater interest in the Altcoin now Bitcoin and Ethereum have already pumped considerably. That is why they will turn to XRP as the third largest crypto, which may have more upside down than BTC and ETH.
Michael noted that the switch from XRP to the top could really happen quickly, comparable to the meeting of more than 300% of less than $ 1 to $ 3 last year. The Altcoin already collected up to $ 3.6 this year, with a 33% year-to-date (YTD) profit. However, the XRP price could still be based on Michael’s prediction Reach new highlights In the coming months.
At the time of writing, the XRP price acts according to around $ 3.10, according to the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com