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 latest publish on X, the influential crypto commentator emphasised the importance of investing in XRP at its present value stage.
BitBoy underscored his perception that potential traders who overlook the present alternative to accumulate XRP could remorse their resolution after the following 5 years. His remarks appear to be anchored in anticipation of a considerable surge within the value 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 recognized for his bullish stance on the trade, with XRP having been a significant facet through the years. As such, BitBoy has reiterated his conviction on cryptocurrency. Though his latest bullish outlook on the cryptocurrency wasn’t accompanied by a technical or elementary evaluation of XRP, BitBoy’s place as a crypto influencer allowed the publish to realize traction amongst many traders.
In 5 years you’re gonna want you purchased extra $XRP.
— The BitBoy (@BenArmstrongsX) October 10, 2024
As anticipated, his remarks sparked a spread of reactions throughout the group. Some have 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 value 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 keep up a optimistic outlook for XRP in gentle of latest value actions. Again in July 2023, BitBoy boldly predicted that XRP may attain a value vary between $15 and $35 throughout the following 18 months. Nevertheless, XRP’s value motion has been lower than spectacular since then, and plenty 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 big rally, didn’t do a lot by way of a rally. This has led to claims of many calling the crypto lifeless. Moreover, the latest attraction by the SEC has worsened the sentiment, because the XRP value now appears to be again underneath the shadow of the lawsuit.
On the time of writing, XRP is buying and selling at $0.5381. The following anticipated catalyst for a big XRP value enhance is the anticipated launch of Spot XRP ETFs.
Featured picture created with Dall.E, chart from Tradingview.com
