According to Rietveld, XRP’s price is approaching an important support zone around $2.785, which could serve as the foundation for a strong bullish reversal. He noted that XRP is likely near its local bottom and that a rebound from this level would be normal, where cryptocurrencies surged shortly after major corrections.
The analyst noted that traditional equity markets, especially in the United States, are hitting new all-time highs, even as the broader crypto market is consolidating. This divergence has occurred multiple times before, but liquidity eventually rotates from the stock market into digital assets and causes explosive upward movements. Rietveld pointed out that a similar pattern was observed in early March, April, and May, when stocks peaked just before Bitcoin and altcoins went on a major rally.
Rietveld’s analysis also highlighted increasing institutional appetite for cryptocurrencies, which he believes will be a major catalyst for the next market expansion. He cited data showing that over 60% of institutional investors plan to increase their exposure to Bitcoin and other cryptocurrencies beyond what they already have. This trend, he said, is a very good sign.
He encouraged investors not to succumb to fear or market uncertainty, noting that the periods of widespread panic, like the current one, are the best buying opportunities. Those who are patient and are accumulating at these low prices are the ones positioning themselves to benefit the most when the next strong crypto rally rolls in.
