The Discover Crypto YouTube channel’s host thinks XRP would rally 10x from its current levels in the next bull cycle. The host gave five reasons why XRP would achieve this target in a recently uploaded video. He also noted that the crypto coin’s current downtrend is ending.
According to the Discover Crypto host, the upcoming settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) would trigger an XRP rally. He described the SEC settlement as a “Black Cloud,” noting that investors don’t like uncertainties in the market. Hence, he believes getting the settlement out of the way would settle the nerves and allow investors free participation in the market.
The host’s second reason for predicting an XRP rally is the potential Ripple IPO expected to follow the case’s conclusion with the SEC. He believes getting legal clarity would trigger most exchanges that delisted XRP to relist the cryptocurrency. He likened a Ripple IPO’s impact on XRP to what the Coinbase IPO did to BTC in 2021. He thinks a Ripple IPO would attract market makers and trigger a pump for XRP.
Crypto legislation emerged as the host’s third reason for anticipating an XRP rally. He believes the entire crypto industry needs legislation and would react positively to its actualization. He thinks some coins would pump harder when crypto legislation is actualized, with XRP representing a prime candidate.
According to the Discover Crypto host, institutional adoption is also one of the factors that would trigger an XRP rally. He noted that as his fourth reason to support an imminent rally, considering the recent ETF approvals a signal for more mainstream and institutional crypto adoption. He believes many Bitcoin holders would want to add XRP to their portfolios.
The upcoming Bitcoin halving marks the host’s fifth and final reason for an XRP rally. He thinks the event would lead to a pump across the crypto market. He believes buying XRP around $0.5 would be a good investment.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
