Expert Updates XRP Price Targets, Get Ready for These Big Events

Key Points

1. Levi Rietveld, creator of Crypto Crusaders, revised his XRP price target for September, moving away from aggressive projections of $10-$15 to a more realistic range of $3.5-$5.

2. Key factors influencing XRP's performance include potential Federal Reserve rate cuts and the possible approval of XRP-based ETFs, which could bring new institutional inflows.

3. Rietveld tempered expectations, stating that while rate cuts may provide a lift to risk assets like XRP, the price impact might not be significant.

4. The updated price range reflects current market conditions, with $3.5 as a plausible lower bound and potential upside depending on market catalysts.

5. Rietveld suggested that XRP could reach $4.5 in the near term, offering a favorable risk-reward scenario for investors who bought during recent declines.