Ben “Bitboy” Armstrong emphasized his belief that XRP will reach $10, citing a clear regulatory path and significant growth potential.
As the market continues to rally, XRP remains stable near $0.5200, maintaining the same range it traded a week ago. In contrast, Bitcoin has risen more than 9% over the past week, returning to a seven-month high above $73,000. The rally has pushed the overall market to nearly $2.5 trillion, pushing overall sentiment into “greed” territory.
Despite Bitcoin’s rise, XRP’s trajectory has been flat, with no noticeable rises or falls, holding steady around $0.52. This trend has caught the attention of market participants, especially XRP holders who are disappointed by the lack of movement.
However, community commentators like Ben Armstrong (Bitboy) and Edoardo Farina reassured XRP investors, insisting that the XRP bull market remains intact.
XRP hits $10 “no matter what”
In a post on For context, $10 represents a significant 1,806% growth from XRP’s current price of $0.5245 and could push it to new all-time highs.
🚨: Bitboy predicts $10 XRP “no matter what happens”! Calls for “against BTC” rally! @BenArmstrongsX pic.twitter.com/Wwch2eYxR4
— Ed Farina 🅧 XRP (@edward_farina) October 29, 2024
https://x.com/thecryptabasic
Armstrong’s optimism stems from the fact that XRP is no longer the subject of the ongoing SEC Ripple lawsuit, which recently entered the appellate stage. BitBoy pointed out that during the last bull market, the SEC incident affected XRP’s trajectory, but that is not the case now.
He noted that investors have been hesitant to enter the XRP market so far because the SEC classified the asset as a security early on, and many believe that XRP will never catch on. A court has since ruled that XRP is not a security, so BitBoy believes there are no longer any regulatory hurdles preventing it.
“The case is over. It doesn’t matter whether there is an appeal or not,” he emphasized. He further argued that with a clear regulatory path, “XRP is an institutional investor of choice,” suggesting that deep-pocketed investors could confidently invest in XRP without fear of legal repercussions. did.
XRP will not reach $10 at once
Meanwhile, in a separate comment, Farina disagreed with the idea that XRP could suddenly skyrocket to $10. He believes XRP will first approach $10 and then “immediately drop to around $5.”
The decline could spook retail investors and create a supply shock before it bounces back aggressively, Farina said.
XRP “significantly outperforms” Bitcoin and Ethereum
Armstrong also claimed that XRP will outperform both Bitcoin and Ethereum, emphasizing that it will significantly outperform Ethereum. This perspective is consistent with his comments earlier this month. BitBoy then claimed that XRP would overtake Ethereum to become the second-largest cryptocurrency, with a target price of $16 to $22.
He attributes XRP’s potential upside to its unique role in markets, especially cross-border liquidity. On the contrary, BitBoy argued that Ethereum faces stiff competition in the smart contract space, likely hindering its bullish expansion.
Armstrong recalled that XRP upended Ethereum in the past and argued that current market dynamics favor XRP, which is poised for significant growth due to factors such as bank partnerships and the potential for ETFs.
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