A popular cryptocurrency market commentator, who on social media is known as Crypto Assets Guy, has recently revealed an ambitious price prediction for the native token of the XRP Ledger, $XRP , suggesting numerous factors could help drive its price up.

According to Crypto Assets Guy’s estimations, several key events could trigger a succession of price hikes for XRP, including the settlement of the ongoing legal battle between the U.S. Securities and Exchange Commission (#SEC ) and Ripple Labs, a major player in the XRP market.

Per his words, this could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.

Settlement announcement $3.50 Relisting in US exchanges $5 Ripple IPO $7 Banks partnerships $10 Stay realistic $XRP fam

— #crypto Assets Guy (cryptoassetsguy) July 5, 2023

He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10. His forecasts, it’s worth noting, are largely based on personal insights and market analyses. The price targets suggested may well prove to be overly optimistic given the inherently unpredictable and often volatile nature of #cryptocurrency markets.

Notably, the digital asset #analyst has previously warned followers not to expect the digital token to rise to $50 or $100, even in the event of a favorable resolution to the lawsuit.

As reported, in a noteworthy display of optimism, a cryptocurrency analyst known as JackTheRippler expressed his view today that the price of XRP, could escalate to $1,000, a valuation he characterizes as “merely trivial.”

JackTheRippler’s audacious projection provoked a flurry of reactions from the $XRP community. Many enthusiasts rejoiced at the notion that someone would predict such an impressive future for XRP.

Yet, not all in the #XRP community were convinced, with some viewing these lofty predictions as more of a pie-in-the-sky dream requiring nothing short of a miracle to become reality.

While these predictions exhibit a wide spectrum of optimism, investors are urged to conduct individual research and take into account that market conditions and unpredictable events can considerably impact price movements.

As CryptoGlobe reported, after the price of XRP tumbled last month, large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens.

This isn’t the first time this year whales on the XRP Ledger accumulated during a downturn. As CryptoGlobe reported, back in March data from Santiment showed there were 50 new whale addresses on the XRP Ledger holding between 10 million and 100 million XRP.

Notably, a discernible pattern in the activity of daily active addresses might indicate that the native token of the $XRP Ledger, XRP, is setting the stage for a significant price pump. The pattern has seemingly been spotted on multiple occasions in the past, leading to notable spikes.

An #investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities. Examples of investment banker employers are Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC), and Deutsche Bank (DB).

KEY TAKEAWAYS:

An investment banker works for a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.

The investment banking field is popular because it is typically well paid.

Investment bankers must have excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.

Understanding Investment Banking

Investment bankers facilitate large, complicated financial #transactions . These transactions may include structuring an acquisition, merger, or sale for clients. Another responsibility of investment bankers is issuing securities as a means of raising capital. This involves creating detailed documentation for the Securities and Exchange Commission (SEC) necessary for a company to go public.

An investment banker can save a client time and money by identifying the risks associated with a particular project before a company moves forward. In theory, the investment banker is an expert in their field or industry, who has a finger on the pulse of the current investing climate. Businesses and nonprofit institutions often turn to investment bankers for advice on how best to plan their development.

An investment banker also assists with pricing financial instruments and navigating regulatory requirements. When a company holds its initial public offering (IPO), an investment bank will buy all or much of that company’s shares directly, acting as an intermediary. In this case, acting on behalf of the company going public, the investment bank will subsequently sell the company’s shares into the public market, creating immediate liquidity.

An #investment bank stands to make a profit in this scenario, generally pricing its shares at a markup. In doing so, the investment bank takes on a substantial amount of risk. While experienced analysts at the investment bank use their expertise to price the stock accurately, an investment banker can lose money on the deal if they have overvalued the shares.

An Example of Investment Banking and an IPO

For example, suppose that Pete’s Paints Co., a chain supplying paints and other hardware, wants to go public. Pete, the owner, gets in touch with Katherine, a prominent investment banker. Pete and Katherine strike a deal in which Katherine (on behalf of her firm) agrees to buy 100,000 shares of Pete’s Paints for the company’s IPO at the price of $24 per share, based on her analyst team's recommendations. The investment #bank pays $2.4 million for the 100,000 shares.

After filing the appropriate paperwork, such as SEC Form S-1, and setting the IPO's date and time, Katherine and her team begin selling the stock into the open market at $26 per share. However, the investment bank cannot sell more than 20% of the shares at this price given weak demand and is forced to reduce the price to $23 to sell the rest of the holdings. This ultimately leads to a loss for Katherine and her team.

Required Skills for Investment Bankers

The investment banking field is popular because investment bankers are typically well paid. However, these positions require specific skills, such as excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.

Educational requirements usually include an MBA from a top-notch institution and potentially the chartered financial #analyst (CFA) designation.

Investment bankers must abide by their firm's stipulated code of conduct and typically sign a confidentiality agreement because of the sensitive nature of the information they receive. Moreover, there is potential for conflict of interest if the advisory and trading divisions of investment banks interact.

A hierarchy of positions typically exists in investment banking: (from junior to senior) analyst, associate, vice president, senior vice president, and then managing director.

Leading crypto analyst Rekt Capital recently outlined why Bitcoin could still see significant downside despite breaking its macro downtrend and entering a new bull market.
In a Twitter thread, Rekt Capital noted that at comparable points in previous cycles, Bitcoin has retraced 25-38% before continuing its bull run.
Looking at market stages less than 190 days before Bitcoin’s halving events, there was a 25% pullback in 2015/2016 and a 38% correction in 2019. Rekt Capital suggests 2023 more closely mirrors 2015 so far.

Even if this cycle rhymes with 2015, that would still imply a roughly 30% drop is possible from current levels over the next 4-6 months according to historical precedents.
While Bitcoin has shown strength breaking its downtrend, Rekt Capital cautions that substantial volatility is very common at this phase. The analyst’s message underscores smart risk management.
Past performance does not guarantee future results. However, analyzing market cycles often provides helpful context on probable scenarios for Bitcoin’s path ahead.
According to Rekt Capital, Bitcoin remains in a confirmed bull market. The question is whether an expected retracement arrives sooner or later. Maintaining a long-term perspective is key amidst interim fluctuations.
For now, the analyst’s takeaway is that investors should not rule out the likelihood of a 30% or greater pullback even amid an extended recovery. Bitcoin has seen similar drawdowns near halving events before continuing its ascent.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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