Rietveld, a well-known cryptoanalyst, confidently predicted a much earlier than expected spike in the price of XRP in his video. According to him, there is now a significant build-up phase, which is preparing XRP for a major breakout, which could lead to fortunes for early investors.

Rietveld's bullish outlook was partly influenced by comments from Catherine Wood, founder and CEO of Ark Invest, a reputable asset management firm known for its investments in bitcoin ETFs. She emphasized that as major institutions like BlackRock and JPMorgan offer cryptocurrencies to their wealthiest clients, liquidity is expected to flow into the broader market, potentially pushing altcoins like XRP to new heights.