Ben Armstrong, popularly known as BitBoy across social media platforms, is once again gaining attention from members of the cryptocurrency community for his strong support for XRP. In a recent post on X, an influential cryptocurrency commentator highlighted the importance of investing in XRP at its current price level.
BitBoy emphasized the idea that potential investors who miss out on the current opportunity to acquire XRP may regret their decision in the next five years. His comments appear to be in anticipation of a significant increase in the price of XRP over the next five years.
BitBoy remains bullish on XRP
BitBoy is one of the most popular names among crypto traders and investors. This crypto influencer is particularly known for his bullish stance on the industry, with XRP being a major factor for years. Therefore, BitBoy reiterated his belief in cryptocurrencies. Although his recent bullish outlook on cryptocurrencies was not accompanied by any technical or fundamental analysis of XRP, Bitboy’s status as a crypto influencer made this post interesting among many investors. was able to collect.
In 5 years you’ll wish you had bought more. $XRP.
— Bitboy (@BenArmstrongsX) October 10, 2024
As expected, his remarks provoked mixed reactions within the community. While some were skeptical, others conveyed an optimistic outlook for BitBoy. Ben (@kcryptoinvest), one of the accounts on the platform with 372,200 followers, expressed his frustration. He pointed out that despite holding XRP for five years, he has yet to see any noticeable gains, noting that the cryptocurrency’s price has changed little since he first bought it.
Another more optimistic investor (@myfriendblondie) with 24,200 followers countered that five years may be too long. For those worried about XRP, even just one year could be enough to make them regret missing out on next year’s potential gains.
What’s next for altcoins?
BitBoy is part of a group of investors who continue to maintain a positive outlook on XRP considering recent price movements. Back in July 2023, BitBoy boldly predicted that XRP could reach a price range of $15 to $35 within the next 18 months. However, XRP’s price movement has been less impressive since then, and many investors have already begun to turn away from the digital asset.
Over the past year, XRP has primarily been confined to a narrow trading range between $0.50 and $0.60, which has frustrated many long-time holders. The resolution of the high-profile legal battle between Ripple and the SEC, which some had hoped would spark a significant stock rally, didn’t do much in terms of stock price appreciation. This has led many to claim that cryptocurrencies are dead. Additionally, recent appeals by the SEC have further worsened sentiment as XRP price appears to be back in the shadow of litigation.
At the time of writing, XRP is trading at $0.5381. The next expected trigger for a significant XRP price increase is the anticipated launch of a spot XRP ETF.
Prices rise with the cryptocurrency market | Source: XRPSDT on Tradingview.com
Featured image created by Dall.E, chart on Tradingview.com
