Oliver Michael, General Director of Tormy, delivered again stubborn prospects XRP. This time he predicted that Altcoin could reach up to USD 13 and outlined factors that can serve as catalysts of this significant price raise.
XRP eyes increases to USD 13 with these catalysts
Oliver Michael predicted in interview This XRP can collect up to $ 13 at some point if it has maintained the current stubborn shoot. Referred to RIPPLE SECWhat has just ended and how he could cause several wave effects that would act as catalysts of the next leg for the third largest cryptocurrencies according to market capitalization.
One of these wave effects is potential approval ETFS XRP. Michael noticed that SEC could now approve these funds because the legal fight with Ripple is over. In addition, he raised the possibility of reporting Blackrock to ETF XRP and pointed out that Altcoin would probably register a parabolic rally, if this happened, taking into account Blackrock as the largest asset manager in the world.
It is worth noting Blackrock said that there are currently no plans to submit an application for ETF XRP. However, the lawyer XRP, John Deaton, believes that the world’s largest activity manager will continue to submit to offer this fund during the year. If so, it can lead to a significant influx to the XRP ecosystem, taking into account the success that the company registered with ETF Bitcoin and Ethereum.
More catalysts for Altcoin
Meanwhile, Oliver Michael also expects more ripple partners to appear when the SEC claim is over. This will lend a hand improve the usability of XRP, because more companies accept Ripple payment services. In particular, the cryptographic company has also made great progress to expand its presence around the world, obtaining platforms such as Stablecoin Platform Rail And the brokerage company Hidden Road.
Another reason why the General Director of Tormyrs believes that XRP can reach this level of $ 13, is based on his expectation that retail investors will now be more interested in Altcoin, because now Bitcoin and Ethereum They already pumped significantly. Therefore, they will turn to XRP as the third largest crypto, which may have a greater advantage than BTC and ETH.
Michael noticed that moving XRP up can take place really quickly, just like over 300% from 1 to 3 USD last year. Altcoin has already increased to USD 3.6 this year, with 33% profit from the year (YTD). However, based on Michael’s prediction, the price of XRP may still Reach up-to-date ups In the coming months.
According to writing, the price of XRP is around USD 3.10, in the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
