Expert says XRP holders only need one event to ‘get rich’

XRP holders can get rich, requiring just one catalyst to spur XRP’s next surge, according to Oscar Ramos, a cryptocurrency market commentator.

XRP has been in the spotlight after a remarkable performance in November 2024. After Donald Trump won the presidential election. US presidential elections On November 5, Ripple (XRP) rose 283%, recording its highest monthly close in seven years.

XRP consolidates after record high

This rally continued into December, with XRP reaching a seven-year high of $2.90 on December 5 before encountering resistance. The token has since consolidated at around $2 as the broader cryptocurrency market also corrects.

Market commentator Oscar Ramos believes that this consolidation phase is only temporary. According to him, holders of XRP They are going to Getting rich, only one major catalyst is needed to spur the next XRP rally.

Ramos sees the current decline as an opportunity to accumulate more tokens before the next potential breakout. Recently Video captionHe noted that market activity is weak during the Christmas period, as many traders focus on the celebrations rather than market movements.

This inactivity leads to uniformity, however It also creates an opportune moment for buyers to acquire XRP at its current price levels. The analyst noted that investors should prepare for a sudden rise in prices from now on.

Potential catalysts for XRP’s next step

According to him, it only takes one significant event for XRP to trigger such a spike, citing several such events. First, Ramos drew attention to the growing interest in institutional cryptocurrency investments as a potential driver.

He cited examples such as Michael Saylor, whose company owns MicroStrategy Recently purchased 5,262 Bitcoin worth $561 million, as evidence of institutional confidence in digital assets. Such increased interest could benefit XRP by attracting more attention to the broader cryptocurrency market.

Moreover, he pointed out the potential Approval of the XRP ETF It can affect the price of XRP. Several companies, including Bitwise and 21 subscribers Provided for product listing. BlackRock could also begin exploring that possibility, Ramos said.

Then he mentioned He releases From Ripple’s stablecoin RLUSD as another potential catalyst. The asset brings increased utility and institutional adoption to the XRP ecosystem. As RLUSD gains momentum in the coming months, it may attract more interest from institutions and retail.

Current market sentiment

Ramos’s optimism also comes through The truth of that The global cryptocurrency market cap remains at $3 trillion, with Bitcoin and Ethereum prices below $100,000 and $4,000 respectively. Recall that Ripple CEO Brad Garlinghouse anticipation That the market could reach a valuation of $5 trillion.

Ramos believes $4 trillion is coming, and that valuation will require Bitcoin and Ethereum and Other altcoins to reach all-time highs. The market commentator expects XRP to also benefit from this, surpassing its all-time high of $3.31, which was achieved in early 2018.

At press time, XRP is currently trading for $2.30, down 7.8% in the past week, but up 18% in December.