Million-subscriber altcoin analyst Ben “BitBoy” Armstrong backed a flaky XRP estimate. BitBoy was triggered by a tweet by the famous angel investor Evan Luthra. Luthra seeks new price predictions from the community for XRP, which has surpassed BTC…
Famous names set 42x target for XRP
Evan Luthra, an angel investor and Forbes 30 listed, in his latest tweet, “XRP has surpassed BTC trading volume. It is now the highest volume cryptocurrency. What is your price target for Ripple now?” asked. Indeed, XRP has surpassed BTC and ETH in the past month.
cryptocoin.comThe victory of Ripple on July 13, which we quoted as, caused radical changes in the market.
BitBoy sets date for altcoin rally
The million-subscribed analyst replied, “$15 is reasonable. I think it’s over 18 months. If they go public and are timed right, I think it could go as high as $35.” At the heart of BitBoy’s forecast is its belief in XRP’s long-term growth potential. The $15 price prediction represents a massive 1,720% increase from the current XRP price.
$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
This optimism is supported by Ripple’s recent legal victory, which provides some clarity for XRP. Remarkably, BitBoy’s enthusiasm didn’t stop at $15. Because he suggested that if Ripple goes ahead with an Initial Public Offering (IPO) and times it strategically, the price of XRP could potentially reach $35. Achieving this target requires a staggering 4,200% increase.
Rumors about Ripple’s upcoming IPO are not new
CEO Brad Garlinghouse had pointed out this possibility prior to the SEC lawsuit. However, BitBoy acknowledges the unpredictability inherent in the crypto market. Therefore, it is very important to approach such estimates with caution. Crypto prices are notorious for their price fluctuations and sensitivity to various external factors. This makes accurate predictions a challenging task. BityBoy adds:
Make no mistake… it may not rise that high… but XRP is breaking all-time highs this cycle, apart from some sort of pointless, vengeful SEC appeal.
We said in Dec 2020 that we were on the right side of the law, and will be on the right side of history. Thankful to everyone who helped us get to today’s decision – one that is for all crypto innovation in the US. More to come.
— Brad Garlinghouse (@bgarlinghouse) July 13, 2023
Also, BitBoy’s optimistic view of XRP’s potential is not entirely new. Back in April, the SEC had identified XRP as the top altcoin choice for the next bull run, based on a positive outcome in its case. The series of positive developments will give XRP much-needed legal and regulatory clarity. This in turn will potentially act as a further catalyst for growth.
Pay attention to these
In another tweet, BitBoy reacted to a Twitter user who said, “Everything is breaking ATH in this cycle.” The analyst explained his choices for such altcoins, saying that he did not think so: “Solana, Dogecoin, Shiba, they are all potentially on this list. The previous top 10 coins that did not form a new cycle in the last cycle: NEM, NEO, Dash, BCH, XRP (rightfully) etc. Don’t fall into the same trap I did last loop. Not everything is performing.”
