Elite Analyst Predicts Ripple (XRP) Price Is About To Go Insane

In a YouTube video, Levi Crypto shared with his 130k subscribers that XRP’s price is going to have very volatile swings very soon. He noted that there would be huge ups’ and huge downs and the potential to make a lot of money.

The analyst stated that in recent weeks, XRP has captured attention across the financial sector, with institutional interest reaching unprecedented levels. Major players in the investment world, including Bitwise Invest, Canari Funds, and 21Shares, have filed for XRP-focused Exchange-Traded Funds (ETFs), while Grayscale has announced the launch of an XRP Trust and filed to convert its multi-asset fund into an ETF that includes  XRP

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Growing Institutional Interest in XRP

Brad Garlinghouse, Ripple’s CEO, has publicly acknowledged the growing demand for XRP-based products, pointing to robust interest from institutional investors. Recently, Bitwise Invest, Canari Funds, and 21Shares submitted S-1 filings to launch ETFs centered on XRP, signaling a strategic push into digital assets. Grayscale has also launched an XRP Trust and has filed to convert its existing multi-asset fund, which includes XRP, into an ETF structure.

This wave of institutional filings reflects a shift in attitude toward digital assets like XRP, with institutions increasingly holding these assets within their portfolios. Levi Crypto noted that, while cautious about the ETF model, notes that these filings indicate a shift toward consolidating control over digital assets among major institutions. Despite his reservations, he suggests that institutional participation could impact XRP’s price trajectory in the near term.

Concerns Over ETF Holdings and the Importance of Self-Custody

While the influx of institutional interest could signal positive developments for XRP, the YouTube analyst raises concerns about the implications of ETF holdings on personal asset control. 

The analyst mentioned that institutions like Grayscale and BlackRock seek to dominate digital assets by acquiring them directly through ETFs, which could result in diminished control for individual investors.

 He emphasizes the value of self-custody for cryptocurrency holders, suggesting that reliance on institutional custodians may conflict with the decentralized ideals behind digital assets.

Read Also: Why Is Solana (SOL) Price Gaining Momentum? Key Insights Explained

Price Opportunities and Potential Oversold Levels

Alongside these institutional developments, the YouTube analyst points to possible short-term opportunities in XRP’s price action. He indicates that XRP’s price is approaching an oversold position, which may lead to a slight correction, potentially bringing the token’s price down to around 48 cents. 

Levi Crypto views this as an entry point for investors looking to go long, anticipating that once this level is reached, XRP’s price could experience a rebound. This insight is shared within his Discord community, where he provides real-time trade updates and further analysis.

With institutional interest intensifying and potential price movements ahead, XRP remains under close watch, with analysts and investors alike preparing for what could be a notable period for the digital asset.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo