Analyst Predicts XRP Price Surge: $15 and Potentially $35 with Ripple IPO

Highly popular YouTuber and crypto influencer Ben “BitBoy” Armstrong has made a bold prediction about the future price of XRP. According to Armstrong, XRP could potentially rally to $15 within the next 18 months and even surge to $35 if Ripple successfully times its IPO.

Armstrong’s forecast, shared in a tweet, suggests a significant increase of 1,729% from XRP’s current value, taking it to $15. He further speculated that a well-timed Ripple IPO could catapult XRP’s price to a staggering $35, representing a 4,168% surge.

According to a report by Albert Brown for The Crypto Basic, this optimistic outlook is presumably based on the belief that an IPO could draw in a new wave of investors and mainstream attention, providing an additional boost to XRP’s upward trajectory. Armstrong’s bullish stance on XRP seems to be fueled by the positive sentiment surrounding last week’s landmark ruling by Judge Torres in the SEC vs Ripple lawsuit and the regulatory clarity it brings to the XRP ecosystem.

However, the popular crypto analyst also acknowledged the inherent unpredictability of the crypto market, stating that while he is confident that XRP will break its previous all-time high during this market cycle, it might not reach the projected highs of $15 or $35. He further noted that only a “pointless, vindictive” appeal from the US SEC on the recent court ruling could potentially hinder XRP from breaking its all-time high.

He went on to say that it would be a mistake to assume that altcoins would break their all-time high during the current cycle:

As Brown’s article points out, Armstrong’s latest comments on XRP’s prospects were in response to a question from angel investor Evan Luthrawho highlighted yesterday the fact that XRP had surpassed Bitcoin in cumulative trade volume since the court’s ruling on July 13.

Featured Image Credit: Photo / illustration by “WikiImages” via Pixabay

Source: Read Full Article