#CryptoAnalyst
#AustinHilton
#XRP
#PricePrediction
#CryptoMarket
#SpotBitcoinETF
#BitcoinHalving
#CryptoNews
Crypto analyst Austin Hilton has provided his insights on the future trajectory of the XRP price. Hilton pinpointed two significant events that would drive XRP’s price to increase in a notable manner. These events entail the approval of Spot Bitcoin ETFs and the forthcoming Bitcoin Halving. Hilton posited that these occurrences would stimulate a dramatic surge in XRP’s price, potentially reaching upwards of $1.50 on approval of the ETFs by SEC.
In a video on his YouTube Channel, Hilton highlighted that although these key events do not directly correlate with XRP, they significantly influence the overall market sentiment which in turn affects XRP due to its status as a blue-chip crypto asset. Bloomberg analysts, James Seyffart and Eric Balchunas, estimate a 90% likelihood of a Spot BTC ETF gaining approval by January 10th. Hilton expressed his optimism about this possibility, stating that the SEC was running out of reasons to reject these funds. Upon this approval, Hilton predicts that his projected price of $1.50 or more for XRP will eventuate. Furthermore, other on-chain metrics point towards a bullish propensity in the XRP ecosystem, with an increased number of daily transactions and wallet addresses on the XRP Ledger indicating substantial liquidity flow. Despite XRP’s current price stagnation, Hilton remains bullish on the crypto token, asserting that the current price levels are a bargain considering XRP’s potential future value.
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