Levi Rietveld, a popular crypto YouTuber, has recently leveraged a mathematical phenomenon to forecast the price trajectory of XRP over the next few months.
In a recent video, Rietveld explained how the power law—a concept that accurately predicts the rotational speeds of planets and word frequency in languages—can also be applied to cryptocurrencies.
According to Rietveld, this law has been “dead accurate” in forecasting Bitcoin’s price movements over the last decade and XRP’s performance in recent years.
Applying the Power Law to Bitcoin and XRP
Rietveld’s analysis hinges on the concept of a log line chart, which he says provides insight into Bitcoin’s entire price history. He points out that the chart’s bottom red line represents Bitcoin’s long-term support, a level below which it is unlikely to fall.
Conversely, the top line marks Bitcoin’s all-time highs, providing guidance on when to buy and sell. This same method, when applied to XRP, presents a promising outlook for the asset’s future price.
Rietveld’s analysis suggests that Bitcoin’s next major peak could reach as high as $200,000 by mid-2025, aligning with historical price movements after previous halving events. More notably, XRP could soar to $50 per coin during the same period.
XRP Price Predictions for 2025
According to Rietveld’s calculations, XRP’s base case projection for mid-2025 falls between $5 and $20 per coin. However, under the most optimistic scenarios using the power law, the price could touch $50.
Notably, XRP trades at $0.5288 today, down by 1.25% over the past day. Its last all-time high price was $3.84. Given the $50 price point forecasted by the power law by mid-2025, XRP must rally by 9,355% to hit the target in less than a year.
These predictions are based on XRP’s historical trading data from 2017 and 2021, coupled with broader market conditions such as Bitcoin halving and anticipated interest rate cuts by the Federal Reserve.
In parallel, Rietveld stressed that now may be the ideal time for XRP investors to consider increasing their positions. In his video, he even shared his own profitable long positions on XRP, encouraging others to join him in leveraging opportunities using futures trading.
According to him, the power law’s predictions and market trends provide a “perfect alignment” for a potential blowoff top for XRP next year.
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Source: https://thecryptobasic.com/2024/09/07/power-law-analysis-predicts-xrp-to-surge-9355-to-50-in-months/?utm_source=rss&utm_medium=rss&utm_campaign=power-law-analysis-predicts-xrp-to-surge-9355-to-50-in-months