According to Ben “BitBoy” Armstrong, XRP could rally to $15 over the next 18 months and further skyrocket to $35 if Ripple carries out its IPO at the right time.
In a recent tweet, renowned crypto community influencer and YouTuber Ben Armstrong, popularly known as BitBoy, made an intriguing projection about XRP’s future price. He predicted a $15 price target over the next 18 months and $35 if Ripple times its IPO correctly.
In the tweet, BitBoy emphasized that it is a reasonable assertion that XRP would soar to $15 over the next 18 months. This would represent a 1,729% increase in XRP’s current value.
$15 is reasonable I believe over 18 months or so.
If they IPO and time it correctly, could be up to $35 imo.
Make no mistake… it may not go that high… but $XRP IS breaking an all time high this cycle save some sort of pointless, vindictive SEC appeal. (Low chance) https://t.co/rrMCuOacrE
— Ben Armstrong (@Bitboy_Crypto) July 19, 2023
BitBoy’s projected price of $15 underscores his belief in the long-term growth potential of XRP. This optimism could be fueled by the positive sentiment surrounding the lawsuit’s outcome and the regulatory clarity it brings to the XRP ecosystem.
Ripple IPO Could Catalyze a $35 Rally
However, the YouTuber’s bullishness doesn’t stop at $15. He speculated that if Ripple proceeds with its IPO and times it correctly, XRP’s price could skyrocket to $35. For XRP to rally to $35, it would need to surge by 4,168%.
The sentiment behind this ambitious forecast is that an IPO could attract a fresh wave of investors and mainstream attention. This would provide an additional catalyst for XRP’s upward trajectory.
Recall that, in April, BitBoy mentioned XRP as his top altcoin pick in the next bull run. The influencer predicted that the asset could skyrocket if the SEC lawsuit tilted in its favor. He said this would make XRP the only asset to attain legal and regulatory clarity.
Despite his positive outlook, BitBoy also acknowledged the inherent unpredictability of the market in his recent tweet. He mentioned that the price might not reach these projected highs. However, he remains confident that XRP will at least break its previous all-time high during this market cycle.
The influencer further called attention to the possibility of an appeal from the US SEC on the recent court ruling. Although BitBoy noted that the chances of this are low, he conceded that only such a “pointless, vindictive” appeal could stop XRP from breaking its ATH.
It bears mentioning that market watchers have projected a possible appeal from the SEC. SEC Chairperson Gary Gensler recently expressed disappointment in parts of the ruling, hinting at future actions.
XRP Surpasses BTC in Volume
BitBoy’s latest remark on XRP’s prospects came as a response to a question from Evan Luthra, a seasoned angel investor and serial entrepreneur.
Luthra called attention to the fact that XRP had surpassed Bitcoin in cumulative trade volume since the court’s ruling on July 13. The Crypto Basic reported this achievement yesterday, noting that XRP accounted for 21% of all volume over the past week, while BTC took a 20% share.
The entrepreneur highlighted this extraordinary feat and asked his audience to put up their price projections. Most predictions have been bullish, given XRP’s current price movements and the increasing demand pumped into the market.
The Crypto Basic disclosed yesterday that this surging demand recently triggered 4 million trades per minute for XRP globally. Amid this bullish momentum, the asset has reclaimed $0.80, trading for $0.8286 as of press time.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
