<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">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<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>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<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

Table of Contents

CaptainAltcoin

Other articles published on Oct 6, 2024

Bitcoin Miner TeraWulf Sells 25% Stake in Nautilus for $92 Million

Coinpedia Fintech News

ELONMAN Solana Memecoin Will Skyrocket Over 14,000% Ahead of Exchange Listing, As SHIB and BONK Lag

Qubetics Set for a 10% Price Increase, Rocket Pool Surges with a 41% Fear Score, and AAVE Expands...

Best TRON Meme Coins to Buy in October 2024: Catch the Next

Top 4 Altcoins Set to Overtake Bitcoin’s Gains in 2025—10000% Potential

Join our free newsletter for daily crypto updates!