- Crypto influencer BitBoy projects that XRP could hit $15 within the next 18 months and possibly $35 if Ripple times its IPO correctly.
- XRP’s trading volume has exceeded Bitcoin’s since the recent court ruling, signaling a bullish sentiment in the market.
Renowned crypto analyst and influencer Ben “BitBoy” Armstrong has made a bold prediction for the future of XRP, suggesting that the digital asset could rally to $15 within 18 months and possibly reach an astonishing $35 if Ripple successfully times its much-anticipated Initial Public Offering (IPO).
Bold Predictions for XRP’s Future
BitBoy’s hypothesis, shared via a tweet, centres around the premise that Ripple’s IPO, if executed at the right moment, could significantly bolster XRP’s value. According to his calculations, a surge to $15 over the next 18 months would equate to a 1,729% increase from XRP’s current value, reflecting the immense growth potential the asset could realise.
The foundation of this optimism can be traced to the recent positive developments in the lawsuit against Ripple and the potential regulatory clarity it provides to XRP. An end to the legal battle could act as a catalyst for a renewed surge in interest and investment in XRP.
Beyond the $15 price prediction, BitBoy ventures further into speculative territory. He suggests that if Ripple proceeds with its IPO and times it impeccably, the resultant wave of new investors and mainstream attention could push XRP to an eye-popping $35 – a 4,168% surge from its present value.
An Unpredictable Market and the Potential for Appeal
Despite his bullish outlook, BitBoy acknowledges the volatile nature of the crypto market. He emphasises that while XRP may not reach the projected highs, he is confident in its potential to at least surpass its previous all-time high in the current market cycle.
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He also cautions investors about the slim possibility of the U.S. Securities and Exchange Commission (SEC) appealing the recent court ruling. While such an appeal seems unlikely and potentially vindictive, its occurrence could dampen XRP’s run towards its previous high.
A Surprising Turn in Trading Volume
BitBoy’s insights were spurred by a comment from Evan Luthra, a seasoned angel investor and entrepreneur, who pointed out an interesting development. Since the court ruling on July 13, XRP’s cumulative trade volume has outpaced that of Bitcoin, contributing 21% to the total trading volume in the past week.
This remarkable shift signals bullish sentiment and has driven most market predictions towards an optimistic outlook for XRP. Amid this upward momentum, XRP has managed to retake the $0.80 mark, trading at $0.8286 at the time of writing.
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