Levi Rietveld, a prominent crypto analyst, predicts that XRP will soon experience massive growth. He urges investors to prepare for high volatility and dollar-cost average (DCA) as the market surges.
The cryptocurrency market has seen steady growth over the past week. Assets like XRP have been riding this wave, though its price growth has remained minimal compared to some altcoins. Bitcoin, holding strong above $63,000, has bolstered the overall bullish momentum. Despite some altcoins rising by nearly 70%, XRP’s gains have been modest.
Rietveld Revisits His XRP Prediction
Rietveld, a well-known figure in the XRP community, recently revisited his September prediction, emphasizing that “crazy days are coming.” He believes the broader market, led by Bitcoin, will soon trigger an influx of liquidity into altcoins like XRP.
In his analysis, Rietveld foresees Bitcoin reaching $100,000 or higher. This surge could pump liquidity into XRP and other altcoins. He points to the “money printing” in the U.S. economy as a key driver behind his bold outlook.
Historical Patterns Indicate Potential for Major Gains
Rietveld draws comparisons to previous halving cycles, when increased money supply led to significant market recoveries. He noted how, in February 2020, as the Federal Reserve began extensive money printing, Bitcoin initially dropped to $5,000. By the following year, it soared to $60,000, with Solana experiencing a 100x increase during this same period.
However, Rietveld cautions that the initial phases of liquidity injections can be volatile. He urges investors to expect potential corrections, similar to Bitcoin’s 50% drop in 2021 after hitting $60,000.
XRP: Relative Stability Amid Market Volatility
While Bitcoin may experience sharp fluctuations, Rietveld believes XRP will show more stability. He advises investors to dollar-cost average into the token, as it often outperforms Bitcoin on many trading days. Rietveld expects the peak of the current cycle around mid-2025, with Bitcoin potentially surpassing $100,000.
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In the meantime, he recommends staying vigilant, keeping cash ready for dips, and considering leveraging opportunities in XRP. Currently, the token trades at $0.5898, up 3% over the past week.
