XRP Price Is About To Go Insane, Elite Analyst Predicts
- Patricia ArquetteOriginal
- 2024-11-04 06:26:21223browse
In a YouTube video, Levi Crypto shared with his 130k subscribers that XRP's price is going to have very volatile swings very soon.
A popular YouTuber and cryptocurrency analyst known as “Elite Analyst” has predicted that XRP’s price is about to go “insane” with very volatile swings.
In a recent video shared with his 130k subscribers, the analyst highlighted XRP’s recent success in capturing attention across the financial sector.
Major players in the investment world, including Bitwise Invest, Canari Funds, and 21Shares, have filed for XRP-focused Exchange-Traded Funds (ETFs), while Grayscale has announced the launch of an XRP Trust and filed to convert its multi-asset fund into an ETF that includes XRP.
Recently, Bitwise Invest, Canari Funds, and 21Shares submitted S-1 filings to launch ETFs centered on XRP, signaling a strategic push into digital assets. Grayscale has also launched an XRP Trust and has filed to convert its existing multi-asset fund, which includes XRP, into an ETF structure.
This wave of institutional filings reflects a shift in attitude toward digital assets like XRP, with institutions increasingly holding these assets within their portfolios.
While discussing these filings, the analyst, who is known for being skeptical of the ETF model, stated that these filings indicate a shift toward consolidating control over digital assets among major institutions.
Despite his reservations, he suggests that institutional participation could impact XRP’s price trajectory in the near term.
Toward the end of the video, the YouTuber raises concerns about the implications of ETF holdings on personal asset control.
He highlights the importance of self-custody for cryptocurrency holders, suggesting that reliance on institutional custodians may conflict with the decentralized ideals behind digital assets.
While the YouTuber provides updates on various crypto projects, his price analysis and trading recommendations are primarily shared within his Discord community, where members can access real-time trade updates and further analysis.
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