Bitboy Crypto, a prominent figure in the cryptocurrency space, has outlined a bullish forecast for XRP, the digital asset associated with Ripple. In a recent episode of the Thinking Crypto podcast, the analyst expressed confidence in XRP’s potential, particularly in light of the recent legal victory over the Securities and Exchange Commission (SEC).
Comparing XRP’s potential to Bitcoin’s, Bitboy suggested that while the flagship cryptocurrency could see a substantial rise to $150,000, XRP’s growth trajectory could be even more impressive. With XRP trading between $0.56 and $0.60 at the time of the podcast, Bitboy outlined an initial price target of $1.18 to $1.25, with an optimistic peak of $1.50 under ideal conditions. This “perfect scenario” would involve a Ripple IPO and an XRP ETF, both of which have been subjects of speculation in the crypto community.
Looking further ahead, Bitboy expressed strong conviction in XRP reaching a price range of $8 to $10, describing this target as a “slam dunk.” He justified this prediction by highlighting the potential for XRP to double its previous all-time high of around $3.40, which would place it in the $6 to $7 range.
While cautious about making overly ambitious projections, Bitboy didn’t shy away from exploring even higher price targets. In a scenario where Ripple successfully launches an IPO and an XRP ETF is approved, he envisions XRP surging to the $18 to $25 range. In a highly optimistic outlook, where all favorable conditions align, Bitboy mentioned the possibility of XRP reaching the $50 mark. However, he emphasized that such a scenario is unlikely to unfold within the current bull run.
Also Read: XRP Price Prediction – Symmetrical Triangle Points To $100 Target
Bitboy’s bullish stance on XRP is largely driven by the recent legal developments, which have removed a significant overhang from the cryptocurrency. The analyst’s projections have sparked interest among XRP investors and traders, who are closely monitoring market developments for potential price catalysts.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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