The post XRP’s Path to $10: Insights from BitBoy and Market Trends appeared first on Coinpedia Fintech News
Amidst the ongoing market upswing, Bitcoin is very close to breaking its all-time high records. In the midst of these bullish market sentiments, Ben Armstrong ‘BitBoy’, has stressed that XRP will reach $10 no matter what.
While XRP has remained stable around $0.5200, trading in the same range as it was a week ago, Bitcoin has been advancing over 9% in the past week as it is poised to reclaim its seven-month high of $73,000. This upswing has boosted the broader market to nearly $2.5 trillion.
However, despite Bitcoin’s gains, XRP’s trajectory has seen no major gains or downturns. This has led to disappointment among XRP holders. However, community members like Ben Armstrong (BitBoy) and Edoardo Farina have comforted XRP investors, asserting that XRP’s bull case remains intact.
XRP to $10 “No Matter What”
In a recent X post, Edward Farina shared a statement from Bitboy, where he boldly claimed that XRP would reach a price of $10 “no matter what.” Notably, XRP reaching $10 denotes a significant growth of 1,806% from XRP’s current price of $0.5245, potentially marking a new all-time high.
He notes that XRP is no longer a subject of the ongoing SEC Ripple case, where it has recently entered an appeal phase. While the SEC case influenced XRP’s course in the last bull run, Bitboy claims that it is no longer the case.
Earlier, investors were reluctant to enter the XRP market due to the SEC’s initial classification of the asset as a security, which resulted in many believing that XRP could never come up. However, with the court later ruling that XRP is not a security, BitBoy believes there are no longer regulatory constraints that could affect XRP’s growth trajectory.
“The case is over. It doesn’t matter if there’s an appeal,” he emphasized. Furthermore, he argued that with a clear regulatory path, “XRP is the chosen institutional vehicle,” implying that affluent investors would feel confident investing in XRP without fear of legal implications.
XRP Will Not Hit $10 At Once
In a separate tweet, Farina has shared that XRP won’t go to $10 in one go. He believes that XRP will first approach $10, then “instantly dump” to around $5. According to Farina, this drop would shake out retail investors and potentially create a supply shock before bouncing back aggressively.
XRP To Outperform Bitcoin and Ethereum
Armstrong has also asserted that XRP will outperform both Bitcoin and Ethereum, and that it will significantly surpass Ethereum. He had previously claimed that XRP would overtake Ethereum to become the second-largest crypto asset, with a price target between $16 and $22.
He links XRP’s potential rise to its unique role in the market, particularly in cross-border liquidity. He noted that XRP has flipped Ethereum in the past and that the current market dynamics favor XRP for substantial growth, strengthened by factors like banking partnerships and potential ETFs.