According to an analyst, many investors may miss out on the opportunity to profit from the potential rise of XRP to $100 due to expectations of a price drop.
Institutions Accumulating XRP
Analyst and digital asset commentator, known by the username 'Pumpius', asserts that institutional investors are actively accumulating XRP through off-exchange channels. While retail investors remain on the sidelines anticipating a decline, institutions are poised for substantial price shifts.
XRP Growth with New Technologies
According to Pumpius, XRP's role is evolving beyond transactions to include areas such as digital identity and genomic data with the introduction of the DNA Protocol. This expands XRP's utility and may enhance its valuation.
Analyst's View on Price Forecasts
Pumpius predicts that XRP’s price changes may not be gradual; instead, it could occur through sharp jumps. He emphasizes that investors waiting for a price drop to buy might miss the opportunity to enter the market just as prices start to rise.
Supported by institutional players and progressive technologies, XRP may experience significant price changes, leaving little opportunity for retail investors. The analyst warns that waiting for a price drop could result in missed opportunities.
