Bitcoin Pundit Projects XRP to $10 as Ripple CEO Suggests 2025 for XRP ETF Launch

TheWignus, a Bitcoin investor with over 2.4 million followers of X, has asserted that XRP is headed for the $10 target.

This optimistic outlook is based on the anticipated launch of an XRP exchange-traded fund (ETF). In a recent post on X, TheWignus claimed XRP is primed for a $10 price point. The basis of his forecast is Ripple CEO Brad Garlinghouse’s anticipation of an XRP spot ETF in 2025. 

Ripple CEO Brad Garlinghouse says he expects spot $XRP ETFs in 2025. $XRP to $10 🚀

— TheWignus (@TheWignus) June 7, 2024

XRP to $10 as ETF to Launch by 2025

Garlinghouse discussed the expected timeline for the XRP ETF during a conversation with FOX Business. He stressed the importance of having a variety of crypto spot ETFs beyond just Bitcoin and Ethereum to offer more options for investment diversification. 

When asked when the market could expect an XRP ETF, Garlinghouse expressed an optimistic outlook, suggesting a 2025 launch.

The Ripple CEO’s positive statements have stirred considerable excitement within the community. TheWignus is among those who have set a high price target for XRP as a consequence of ETFs investing in it. 

Notably, this sentiment is confirmed by Bitcoin’s performance, which saw its 2021 all-time high surpassed just two months following the introduction of Bitcoin spot ETFs in the U.S. market.

$10 XRP Demands Formidable 1,904% Surge

Notably, XRP is currently trading at $0.499, having declined by 4.27% over the past day. To reach the $10 target from the current value, it would need to surge by 1,904%.

Other market observers have also argued that XRP could hit $10 during this bull run, although most did not base their confidence on an XRP ETF. 

As previously reported by The Crypto Basic, Bitcoin day trader Emily recently asserted that a $10 price for XRP is inevitable, especially if Bitcoin hits $100,000. She and four other analysts, citing historical chart patterns, conveyed optimism that a significant rise for XRP is imminent.

Similarly, Web3Alert founder Nick previously argued that XRP reaching the $10 target is not a far-fetched outlook. According to him, the resulting market cap of $550 billion to $1 trillion is not out of the ordinary, especially considering Bitcoin and Ethereum’s market caps.

Despite the optimism, many continue to dismiss these bullish sentiments as fanciful due to XRP’s underperformance in this bull market. Notably, XRP continues to trade below $1.