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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Crypto Pundit Predicts That XRP Price Will Rise “Dramatically,” Here’s When

Scott Matherson
Scott Matherson
1 year ago
4 mins read
XRP Price Small

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Crypto analyst Austin Hilton is the latest to give his opinion on the future trajectory of the XRP price going forward. Specifically, Hilton noted two events that will spur XRP’s price to go up “dramatically.” The analyst also outlined other metrics that present a bullish sentiment for the XRP ecosystem. 

Major Events That Will Cause XRP Price To Rise

In a video shared on his YouTube Channel, Hilton singled out the approval of Spot Bitcoin ETFs and the upcoming Bitcoin Halving as the two events that will cause XRP’s price to go up “dramatically.” He mentioned that the XRP price could rise to over $1.50 when the SEC approves these funds. 

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Bloomberg analysts James Seyffart and Eric Balchunas currently predict that there is a 90% chance that a Spot BTC ETF will get approved by January 10. Although he had his reservations about that, he seemed optimistic that the SEC would approve these funds soon as the Commission is “running out of reasons to say no.”

Once that happens, he expects his price prediction of $1.50 or over to materialize. He had referred to an article where another analyst predicted that XRP would hit this price level in March. However, he believes that it could happen in January or February, depending on how things go.

Hilton was quick to point out the fact that these events (BTC Spot ETF & Bitcoin Halving) do not exactly relate to XRP. However, he stated that XRP, being a blue chip, will move up when the overall market moves up. Major altcoins have so far been beneficiaries of Bitcoin’s metric rise on the back of a possible Spot BTC ETF approval. As such, that could explain Hilton’s position on XRP’s rise. 

XRP price chart from Tradingview.com

XRP bulls struggle to retain control | Source: XRPUSD on Tradingview.com

On-Chain Metrics Suggest Bullish Sentiments For XRP

The analyst also noted that on-chain metrics suggest a bullish outlook for the XRP ecosystem. These metrics include the number of daily transactions and wallet addresses on the XRP Ledger. According to him, this suggests that there is a “fair amount” of liquidity flowing into the ecosystem. 

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The XRP Ledger indeed continues to record significant milestones in terms of transactions processed on the network. Data from BitInfoCharts also shows that XRP has been going head-to-head with Bitcoin and Ethereum in terms of daily transactions.

Despite the XRP price’s relatively tepid movement, Hilton sounded bullish on the crypto token as he mentioned that current price levels are a “steal” considering the heights that XRP will attain. 

At the time of writing, the XRP price is trading at around $0.60, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from TechnoPixel, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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