Rally

Levi

Bitcoin

when

Levi Rietveld, a prominent crypto analyst, and YouTuber, has recently applied a mathematical principle known as the power law to forecast a significant increase in XRP’s price over the coming months. 
This model, which has been used to predict various phenomena in nature, such as planetary motion and word frequency, is now being extended to cryptocurrencies with some promising implications. 
Rietveld <a href="https://twitter.com/LeviRietveld/status/1830216180336128418?s=19">asserts</a> that the power law has consistently demonstrated accuracy when applied to Bitcoin’s price movements over the last decade and, more recently, to XRP’s performance. In the latest video, he outlines his analysis and suggests that the same principle could soon signal a massive price rally for XRP. 
<h2 id="b-power-law-in-crypto-analysis-b">Power Law in Crypto Analysis</h2> 
Central to Rietveld’s approach is a logarithmic price chart, which he claims offers a comprehensive view of Bitcoin’s price history. 
The chart is divided into two key levels: the lower boundary, which represents long-term support, and the upper boundary, which reflects Bitcoin’s previous all-time highs. These markers help traders identify potential buying and selling points. 
Applying this methodology to XRP, Rietveld believes that XRP’s price is positioned for a substantial upward move, similar to Bitcoin’s historical trends. His analysis indicates that just as Bitcoin has respected its support and resistance levels, XRP could follow a similar path, leading to a surge in its value. 
According to Rietveld, Bitcoin’s next major price peak could occur around mid-2025, potentially reaching up to $200,000. This projection aligns with previous price trends that followed Bitcoin’s halving events, which typically lead to significant market moves. XRP, in turn, could benefit from these broader market dynamics, potentially <a href="https://timestabloid.com/nft-artist-sets-50-xrp-price-with-exit-strategy/">reaching $50 per coin</a> in the same period. 
<h2 id="b-xrp-price-forecast-for-2025-b">XRP Price Forecast for 2025</h2> 
Rietveld’s analysis of XRP provides a range of potential price targets. His base case scenario projects XRP to reach between $5 and $20 by mid-2025. However, in a more optimistic scenario, driven by the application of the power law and market conditions, XRP could rally to as much as $50 per coin. 
As of press time, XRP is <a href="https://coinmarketcap.com/currencies/xrp/">trading at</a> $0.5375, having increased by 2.23% in the past 24 hours. This price point reflects a significant distance from its all-time high of $3.84, recorded during previous bull runs. For XRP to achieve the projected $50 price target, it would need to surge by an astonishing 9,300%. 
Rietveld’s analysis suggests that this rally could unfold within the next 12 to 18 months, driven by historical price trends, Bitcoin’s next <a href="https://timestabloid.com/what-is-bitcoin-halving-heres-all-you-have-to-know/">halving event,</a> and potential shifts in macroeconomic conditions, such as interest rate cuts from the Federal Reserve. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-investment-outlook-b">Investment Outlook</h2> 
Rietveld has emphasized that the current market conditions might present a favorable opportunity for XRP investors to expand their positions. He highlights that XRP’s historical trading patterns from previous cycles, particularly in 2017 and 2021, coupled with upcoming market catalysts, create a unique alignment for potential growth. 
His personal investment strategy, which he shared in his video, includes taking long positions in XRP futures, indicating his confidence in the asset’s future performance. 
While acknowledging the risks inherent in cryptocurrency trading, Rietveld remains optimistic about the potential for XRP to achieve substantial gains in the coming months. 
He views the power law as a reliable tool for forecasting future price movements and believes that XRP is well-positioned for a major rally, especially given the broader market context and historical data. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
Follow us on <a href="https://twitter.com/TimesTabloid1">Twitter</a>, <a href="https://www.facebook.com/timestabloid/">Facebook</a>, <a href="https://t.me/markettabloid">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen">Google News</a> 
The post <a href="https://timestabloid.com/market-strategist-foresees-9300-xrp-price-rally/">Market Strategist Foresees 9,300% XRP Price Rally</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

Market Strategist Foresees 9,300% XRP Price Rally

Table of Contents

Times Tabloid

Other articles published on Sep 10, 2024

New Solana Memecoin Pepe Rektember to Surge Over 16,000% Before Exchange Listings, As BONK and Sh...

What Is the Telegram-Based Catizen Game?

Second Partnership News From Tether! Announced Their Giant Partnership With Tron (TRX)!

Neiro ETH (NEIRO) Rally Continues; Will The Next Breakout Lead It To New ATH?

Polygon and Fabric team up to fast-track ZK-proof adoption on AggLayer

Crypto.com Announces Strategic Partnership with Standard Chartered Bank to Expand Global Retail S...

Join our free newsletter for daily crypto updates!