In a YouTube video, Levi Crypto shared with his 130k subscribers that XRP’s price is going to have very volatile swings very soon. He noted that there would be huge ups’ and huge downs and the potential to make a lot of money.

The analyst stated that in recent weeks, XRP has captured attention across the financial sector, with institutional interest reaching unprecedented levels. Major players in the investment world, including Bitwise Invest, Canari Funds, and 21Shares, have filed for XRP-focused Exchange-Traded Funds (ETFs), while Grayscale has announced the launch of an XRP Trust and filed to convert its multi-asset fund into an ETF that includes  XRP. 

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Brad Garlinghouse, Ripple’s CEO, has publicly acknowledged the growing demand for XRP-based products, pointing to robust interest from institutional investors. Recently, Bitwise Invest, Canari Funds, and 21Shares submitted S-1 filings to launch ETFs centered on XRP, signaling a strategic push into digital assets. Grayscale has also launched an XRP Trust and has filed to convert its existing multi-asset fund, which includes XRP, into an ETF structure.

This wave of institutional filings reflects a shift in attitude toward digital assets like XRP, with institutions increasingly holding these assets within their portfolios. Levi Crypto noted that, while cautious about the ETF model, notes that these filings indicate a shift toward consolidating control over digital assets among major institutions. Despite his reservations, he suggests that institutional participation could impact XRP’s price trajectory in the near term.

While the influx of institutional interest could signal positive developments for XRP, the YouTube analyst raises concerns about the implications of ETF holdings on personal asset control. 

The analyst mentioned that institutions like Grayscale and BlackRock seek to dominate digital assets by acquiring them directly through ETFs, which could result in diminished control for individual investors.

 He emphasizes the value of self-custody for cryptocurrency holders, suggesting that reliance on institutional custodians may conflict with the decentralized ideals behind digital assets.

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Alongside these institutional developments, the YouTube analyst points to possible short-term opportunities in XRP’s price action. He indicates that XRP’s price is approaching an oversold position, which may lead to a slight correction, potentially bringing the token’s price down to around 48 cents. 

Levi Crypto views this as an entry point for investors looking to go long, anticipating that once this level is reached, XRP’s price could experience a rebound. This insight is shared within his Discord community, where he provides real-time trade updates and further analysis.

With institutional interest intensifying and potential price movements ahead, XRP remains under close watch, with analysts and investors alike preparing for what could be a notable period for the digital asset.

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The post Elite Analyst Predicts Ripple (XRP) Price Is About To Go Insane appeared first on CaptainAltcoin.

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