Ben Armstrong, well known as BitBoy throughout social media platforms, has as soon as once more attracted consideration from members of the crypto group together with his agency endorsement of XRP. In a current submit on X, the influential crypto commentator emphasised the importance of investing in XRP at its present worth degree.
BitBoy underscored his perception that potential traders who overlook the present alternative to amass XRP could remorse their choice after the following 5 years. His remarks appear to be anchored in anticipation of a considerable surge within the worth of XRP within the subsequent 5 years.
BitBoy Stays Bullish On XRP
BitBoy is without doubt one of the hottest names amongst crypto merchants and traders. The crypto influencer is especially identified for his bullish stance on the business, with XRP having been a significant facet through the years. As such, BitBoy has reiterated his conviction on cryptocurrency. Though his current bullish outlook on the cryptocurrency wasn’t accompanied by a technical or basic evaluation of XRP, BitBoy’s place as a crypto influencer allowed the submit to realize traction amongst many traders.
In 5 years you’re gonna want you got extra $XRP.
— The BitBoy (@BenArmstrongsX) October 10, 2024
As anticipated, his remarks sparked a spread of reactions inside the group. Some had been skeptical, whereas some relayed BitBoy’s optimistic outlook. One account, Ben (@kcryptoinvest), who boasts 372,200 followers on the platform, expressed frustration. He identified that regardless of holding XRP for 5 years, he has but to see any important returns, noting that the worth of the cryptocurrency stays largely unchanged from when he initially purchased in.
One other investor with a extra optimistic view, (@myfriendblondie), who has 24,200 followers, responded by arguing that 5 years could also be too lengthy. Even only one yr may very well be sufficient for these on the fence about XRP to remorse lacking out on its potential good points within the subsequent yr.
What’s Subsequent For The Altcoin?
BitBoy is a part of a shrinking group of traders who proceed to take care of a optimistic outlook for XRP in mild of current worth actions. Again in July 2023, BitBoy boldly predicted that XRP might attain a worth vary between $15 and $35 inside the following 18 months. Nevertheless, XRP’s worth motion has been lower than spectacular since then, and lots of traders are already turning their backs on the digital asset.
Over the previous yr, XRP has been largely confined to a decent buying and selling vary between $0.50 and $0.60, which has annoyed many long-time holders. Even the conclusion of the high-profile authorized battle between Ripple and the SEC, which some hoped would set off a major rally, did not do a lot by way of a rally. This has led to claims of many calling the crypto useless. Moreover, the current enchantment by the SEC has worsened the sentiment, because the XRP worth now appears to be again below the shadow of the lawsuit.
On the time of writing, XRP is buying and selling at $0.5381. The subsequent anticipated catalyst for a major XRP worth improve is the anticipated launch of Spot XRP ETFs.
Featured picture created with Dall.E, chart from Tradingview.com