The cryptocurrency market is experiencing a significant upswing, with Bitcoin on the verge of breaking its all-time high records. Amid this bullish sentiment, Ben Armstrong, popularly known as ‘BitBoy’, has expressed strong confidence in XRP, predicting that it will eventually reach $10.
Bitcoin’s Impressive Growth Trajectory
While XRP has remained relatively stable, hovering around the $0.5200 mark, Bitcoin has seen an impressive advance of over 9% in the past week. This surge positions Bitcoin to reclaim its seven-month high of $73,000, contributing to the broader market’s growth, which is now approaching a valuation of nearly $2.5 trillion.
XRP’s Stagnant Performance and Community Optimism
Despite Bitcoin’s remarkable gains, XRP’s price trajectory has shown little movement, resulting in frustration among its holders. Nonetheless, community figures like Ben Armstrong (BitBoy) and Edoardo Farina have provided reassurance to XRP investors, emphasizing that the cryptocurrency’s bullish potential remains strong.
XRP to $10 “No Matter What”
Edward Farina recently shared a bold statement from BitBoy on social media, asserting that XRP is destined to reach $10 “no matter what.” Achieving this target would represent a staggering growth of 1,806% from its current price of $0.5245, potentially setting a new all-time high for the cryptocurrency.
BitBoy highlights that XRP is no longer entangled in the ongoing SEC Ripple case, which has now transitioned into an appeal phase. During the last bull run, the SEC’s classification of XRP as a security deterred many investors. However, with the court’s subsequent ruling that XRP is not a security, BitBoy believes that regulatory barriers no longer constrain XRP’s growth potential.
“The case is over. It doesn’t matter if there’s an appeal,” he emphasized. He further argued that with a clear regulatory path, “XRP is the chosen institutional vehicle,” suggesting that wealthy investors can confidently invest in XRP without legal concerns.
XRP Will Not Hit $10 At Once
In a separate discussion, Farina suggested that XRP’s journey to $10 will not be immediate. He predicts that XRP will initially approach $10, followed by a swift drop to around $5. This drop, he explained, could shake out retail investors and create a supply shock, setting the stage for a significant rebound.
XRP To Outperform Bitcoin and Ethereum
Armstrong has also asserted that XRP will outperform both Bitcoin and Ethereum, eventually surpassing Ethereum significantly. He had previously predicted that XRP would overtake Ethereum to become the second-largest crypto asset, with an anticipated price range between $16 and $22.
He attributes XRP’s potential ascent to its unique role in the market, particularly in cross-border liquidity. Armstrong noted that XRP has previously surpassed Ethereum and that current market dynamics, bolstered by banking partnerships and potential ETFs, favor XRP for substantial growth.
Conclusion: The Future of XRP
In conclusion, while XRP’s current price trends may seem stagnant, influential voices within the cryptocurrency community remain optimistic about its future. With Bitcoin nearing its all-time high and a market environment conducive to growth, XRP’s potential to reach $10 and beyond remains a compelling narrative for investors and enthusiasts alike.
