<p>Top analyst RizXRP, shared his thoughts on X (formerly Twitter), stating, “If XRP doesn’t hit $20 this bull run, it would be weird.” This bold claim has captured the attention of investors and traders alike as they evaluate the ongoing developments surrounding XRP.</p>
<p>In a brief video, Riz expanded on his statement, expressing confidence<a href="https://captainaltcoin.com/ripple-analyst-warns-of-critical-0-45-retest-before-xrps-major-price-rally/" target="_blank" rel="noopener noreferrer nofollow"> in XRP’s potential</a>, fueled by its growing use and the momentum behind the project. He emphasized the network’s ability to burn tokens with each transaction, which could accelerate as XRP adoption grows.&nbsp;</p>
<p>With institutional interest increasing, notably through Grayscale’s <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> Trust, Riz believes the combination of factors makes a $20 target realistic.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">If <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> dosen't hit $20 this BULLRUN it would be weird. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f609.png" alt="😉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/HODL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#HODL</a> <a href="https://twitter.com/ModernInvest?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ModernInvest</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f44a-1f3fc.png" alt="👊🏼" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/oDLr0sQUsE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/oDLr0sQUsE</a></p>— RIZ.. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f5-1f1f7.png" alt="🇵🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@RizXRP) <a href="https://twitter.com/RizXRP/status/1841927196392489056?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 3, 2024</a>
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<p>One of the key points Riz highlighted was XRP’s burn mechanism. Every transaction on the network burns a small amount of XRP, reducing the overall supply over time. As more transactions are processed, especially if Ripple’s stablecoin initiatives gain traction, this burn rate will increase.&nbsp;</p>
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<p>Riz suggested that billions of dollars worth of monthly transactions could further boost this deflationary process, which could, in turn, drive up<a href="https://captainaltcoin.com/xrp-chart-looks-alright-as-price-eyes-0-76-but-how-will-sec-appeal-against-ripple-impact-the-token/" target="_blank" rel="noopener noreferrer nofollow"> the XRP’s price</a>.</p>
<p>This potential supply reduction has been a critical aspect of XRP’s long-term value proposition. With more entities utilizing the network, the scarcity effect of burning XRP during transactions might contribute to a sustained price rally during the current bull run.</p>
<p>Another crucial factor discussed is the growing interest from institutional and retail investors. Riz mentioned that Grayscale’s XRP Trust is gaining traction as whales and smaller investors accumulate XRP. This development points to increasing confidence in XRP’s utility and future potential.</p>
<p>Moreover, there has been a noticeable surge in interest since Grayscale’s XRP Trust provides investors with a controlled means of becoming exposed to the asset. The expansion of the trust may be an indication of increased market confidence in XRP’s resilience and continued relevance in the changing cryptocurrency landscape.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-says-cardano-chart-looks-exactly-like-solana-before-the-rally-ada-price-prediction/#popup-maker" target="_blank" rel="noopener noreferrer nofollow">Analyst Says Cardano Chart Looks ‘Exactly’ Like Solana Before the Rally – ADA Price Prediction</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/it-would-be-weird-if-xrp-price-doesnt-hit-20-this-bull-run-says-crypto-expert-heres-why/" rel="noopener noreferrer nofollow">It Would Be ‘Weird’ If XRP Price Doesn’t Hit $20 This Bull Run Says Crypto Expert – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

It Would Be ‘Weird’ If XRP Price Doesn’t Hit $20 This Bull Run Says Crypto Expert – Here’s Why

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