XRP Outlook - XRP Price Surges as Ripple Nears IPO
Ben Armstrong, often known as BitBoy, a prominent cryptocurrency analyst and influencer, has made audacious forecasts about the rise in XRP's price in the future.
Over the next 18 months, XRP price prediction that it may rise to $15 and perhaps exceed $35, according to Bitboy. if Ripple successfully synchronises its first public offering (IPO) to benefit from the favourable market circumstances.
BitBoy‘s Bullish XRP Outlook-
In a recent tweet, Bitboy emphasised his optimism for the price growth of XRP, spurred by the likelihood that the market conditions for Ripple's IPO will be favourable. The expert, who has a history of making good predictions, thinks that XRP, which is presently valued at about $0.82, might see a significant increase.
BitBoy emphasised his conviction that XRP might surge to $15, which would represent an astounding 1,729% gain from its current price. The price of XRP may surge to this level if the timing of Ripple's IPO is relatively well matched with market circumstances, offering significant gains to investors.
The predictions from BitBoy come as XRP has recently achieved success, exceeding Bitcoin in total transaction volume since the court's decision on July 13. The asset accounted for 21% of all volume over the past week, reflecting growing demand and heightened market interest.
XRP Price Prediction - Is $35 in Sight?
The analyst's second forecast, which puts the price at $35, presents a more hopeful picture. The XRP price would have to increase by 4,168% in order for the Ripple IPO to be properly timed and for regulatory clarity to significantly improve, which would generate a lot of enthusiasm in the cryptocurrency world.
Back in April, BitBoy listed XRP as one of his top cryptocurrency picks for the upcoming bull run. He predicted that if the SEC lawsuit favoured it, XRP would become the only asset with legal and regulatory clarity, exploding in value. Although BitBoy expects prices to rise to these predicted highs, he understands that the market may be unpredictable.
Additionally, BitBoy called attention to the potential for a "pointless, vindictive" US SEC appeal of the latest court decision, which would prevent XRP from surpassing its ATH. Even still, market observers conjectured that the SEC may file an appeal, particularly after Gary Gensler, the chairman of the SEC, voiced displeasure with some aspects of the judgement.
Bitcoin Gets Left Behind!
The crypto community has taken notice of Bitboy's predictions, but it's crucial to remember that all predictions contain inherent dangers and uncertainties. Evan Luthra, a well-known angel investor and entrepreneur, served as the impetus for BitBoy's most recent remark regarding the future of XRP.
Luthra said that XRP had eclipsed Bitcoin in total trade volume since the court's decision on July 13th. Luthra asked his audience for their pricing estimations after being impressed by this amazing achievement. Given the recent price swings of XRP and the rising market demand, the bulk of predictions have been bullish.
XRP price could reach a maximum of $1.104 by the end of 2023 as per coinpedia's analysts and here the xrp outlook by them - https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/