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Crypto analyst Austin Hilton has shared his opinion on the future trajectory of XRP’s price. He believes that two major events will cause XRP’s price to rise dramatically. The first event is the approval of Spot Bitcoin ETFs, which is predicted to have a 90% chance of approval by January 10. The second event is the upcoming Bitcoin Halving. Hilton predicts that when these events occur, XRP’s price could rise to over $1.50.
Hilton also mentioned that on-chain metrics suggest a bullish sentiment for the XRP ecosystem. The number of daily transactions and wallet addresses on the XRP Ledger indicate a fair amount of liquidity flowing into the ecosystem. Despite the relatively tepid movement of XRP’s price, Hilton remains bullish on the crypto token and believes that current price levels are a steal considering the heights that XRP will attain.
At the time of writing, XRP is trading at around $0.60, down over 2% in the last 24 hours.