CandleFocus Here’s What Would Drive XRP New Massive Move, According to Expert
2024-10-23
Author: Content Editor
Founder of Black Swan Capitalist, Versan Aljarrah, predicts that XRP's price will surge due to a looming supply shock. He believes that as struggling institutions seek liquidity amidst a weakening US dollar, demand for XRP will increase, potentially causing its price to rally. Analyst Levi Rietveld also suggests that a supply shock could propel XRP's price to as high as $60, as institutions purchase XRP massively, creating a shortage in supply. These predictions align with the utility of XRP in cross-border payments and liquidity management. Aljarrah also previously stated that owning XRP would allow holders to claim a portion of the global money supply if the XRP Ledger becomes the primary platform for tokenizing economic assets.
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