Altcoins
Millionaire Real Estate Mentor Says There’s 0% Chance XRP Won’t Hit New All-Time Highs
A well-known real estate millionaire mentor within the crypto community has claimed that a new all-time high for XRP in this cycle is inevitable.
In a recent article on X, “The Bearable Bull,” a widely followed millionaire mentor stated that a new ATH is inevitable for XRP. According to him, there is no chance that XRP will not surpass its $3.84 mark by the end of this bull cycle. He then highlighted the factors influencing his confidence.
There is a 0% chance that XRP will not reach new all-time highs during this cycle
XRP Depends on Bitcoin Rising Before It Can Increase in Price
During this cycle, we have seen one BTC ETF approved and new record highs so far.
Then the ETH ETF is approved and a new all-time high is likely to be reached… pic.twitter.com/CGzareRYOw
— The Bearable Bull (@thebearablebull) July 24, 2024
Why XRP “Must” Break New ATH This Cycle
It is worth noting that XRP is selling at $0.6113, which is 84.19% below its ATH in 2018. The commentator first pointed out that XRP, like most other altcoins, is largely dependent on Bitcoin rising for its bullish rally.
As a result, he pointed out that Bitcoin has secured a major catalyst for a continued uptrend: Spot ETFHe noted that the emergence of exchange-traded funds investing in BTC propelled the leading cryptocurrency to an ATH in the first quarter. Notably, the altcoin market followed suit, with some setting a new high while others were getting closer.
With a similar product now live for Ethereum, The Bearable Bull anticipates that the third quarter will also be bullish for ETH and other altcoins like XRP.
Additionally, the crypto expert pointed out that XRP could soon get an ETF, reinforcing his bullish outlook on XRP. The argument for an XRP ETF after Bitcoin and Ethereum is its regulatory clarity and market importance.
As a result, leading voices in the crypto community believe XRP ETF is inevitablealthough they do not agree on the timetable.
At the same time, the millionaire mentor stressed that a bullish outlook for XRP is further strengthened by the current state of the stock market, which is exhibiting levels that support a bullish backdrop.
With Bitcoin projected to surpass $100,000 this cycle, he expects XRP to follow suit, eventually setting a new all-time high.
XRP: Unique Bullish Catalysts for an ATH Run
Furthermore, the commentator pointed out that XRP has its own unique bullish catalysts that should propel it to new all-time highs. These include its relisting on top crypto exchanges, the activation of automated market makers (AMMs)and the Xahau side chain.
Additionally, he highlighted several upcoming events that could further boost XRP’s prospects. These include the imminent resolution of the Ripple lawsuit, the launch of the Ripple Stable Coin (RLUSD)and the potential IPO of Ripple.
He also noted that cryptocurrencies are becoming a key topic in the US electionswhich could have a positive impact on crypto assets like XRP.
Ultimately, he cited XRP’s potential to replicate historical patterns, particularly the 2017 situation in which it saw an increase of over 60,000%.
Based on these factors, he expressed his unwavering confidence that there is a 0% chance that XRP will not reach new all-time highs during this cycle. According to him, the question is no longer “if” but “when” XRP will reach this milestone.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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