Analyst Predicts XRP Price Surge: $15 and Potentially $35 with Ripple IPO
Extremely fashionable YouTuber and crypto influencer Ben “BitBoy” Armstrong has made a daring prediction concerning the future value of XRP. Based on Armstrong, XRP may doubtlessly rally to $15 inside the subsequent 18 months and even surge to $35 if Ripple efficiently occasions its IPO.
Armstrong’s forecast, shared in a tweet, suggests a big improve of 1,729% from XRP’s present worth, taking it to $15. He additional speculated {that a} well-timed Ripple IPO may catapult XRP’s value to a staggering $35, representing a 4,168% surge.
Based on a report by Albert Brown for The Crypto Primary, this optimistic outlook is presumably based mostly on the assumption that an IPO may attract a brand new wave of buyers and mainstream consideration, offering a further enhance to XRP’s upward trajectory. Armstrong’s bullish stance on XRP appears to be fueled by the optimistic sentiment surrounding final week’s landmark ruling by Choose Torres within the SEC vs Ripple lawsuit and the regulatory readability it brings to the XRP ecosystem.
Nonetheless, the favored crypto analyst additionally acknowledged the inherent unpredictability of the crypto market, stating that whereas he’s assured that XRP will break its earlier all-time excessive throughout this market cycle, it won’t attain the projected highs of $15 or $35. He additional famous that solely a “pointless, vindictive” enchantment from the US SEC on the current courtroom ruling may doubtlessly hinder XRP from breaking its all-time excessive.
He went on to say that it will be a mistake to imagine that altcoins would break their all-time excessive through the present cycle:
As Brown’s article factors out, Armstrong’s newest feedback on XRP’s prospects had been in response to a query from angel investor Evan Luthrawho highlighted yesterday the truth that XRP had surpassed Bitcoin in cumulative commerce quantity because the courtroom’s ruling on July 13.
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