Ben “BitBoy” Armstrong has expressed his strong conviction that XRP is destined to hit $10, citing a clear regulatory environment and the asset’s potential for remarkable growth.
As the cryptocurrency market continues its upward momentum, XRP has stabilized around $0.5200, remaining in the same price range as it did a week ago. In contrast, Bitcoin has surged by over 9% in the last week, soaring above $73,000—a price not seen in seven months. This rally has propelled the total market capitalization to nearly $2.5 trillion, shifting overall sentiment into a state of “greed.”
Despite Bitcoin’s impressive performance, XRP’s price movement has been lackluster, with minimal fluctuations around $0.52, which has left many XRP holders feeling frustrated by the stagnant price action.
However, figures in the community, such as Ben Armstrong and Edoardo Farina, have reassured XRP investors that the bullish case for XRP remains strong.
### XRP to $10 “No Matter What”
In a recent post on X, Farina highlighted a bold declaration from BitBoy, who confidently stated that XRP would reach $10 “no matter what.” To put this in perspective, a jump to $10 would represent an astonishing increase of 1,806% from XRP’s present price of $0.5245, potentially establishing a new all-time high.
Armstrong’s optimism is buoyed by the fact that XRP is no longer entangled in the ongoing SEC case against Ripple, which has now moved into an appeals phase. He pointed out that during the previous market rally, the SEC lawsuit significantly influenced XRP’s price trajectory, but that is no longer the case.
Previously, investor hesitation stemmed from the SEC’s classification of XRP as a security, which led many to doubt its future potential. However, with the court ruling that XRP does not qualify as a security, BitBoy argues that there are now no regulatory barriers obstructing XRP’s growth.
“The case is over. It doesn’t matter if there’s an appeal,” he stressed. He further asserted that with a clear regulatory framework, “XRP is the preferred option for institutional investors,” implying that wealthy investors would be more willing to invest in XRP without concerns regarding legal repercussions.
### XRP Will Not Hit $10 All at Once
On a different note, Farina voiced his skepticism regarding the notion that XRP could reach $10 in a single leap. He posited that the price might first approach $10, only to “instantly dump” to approximately $5. According to Farina, such a drop would flush out retail investors and potentially create a supply shock before an aggressive rebound occurs.
### XRP “Will” Outperform Bitcoin and Ethereum
Armstrong further claimed that XRP is poised to outperform both Bitcoin and Ethereum, asserting that it would significantly eclipse Ethereum’s performance. This view is consistent with his earlier remarks this month, where he predicted that XRP would surpass Ethereum to become the second-largest cryptocurrency, with price targets ranging from $16 to $22.
He attributes XRP’s potential surge to its distinctive role in facilitating cross-border liquidity. In contrast, BitBoy believes Ethereum will encounter fierce competition in the smart contract sector, which could stifle its bullish momentum.
Armstrong recalled instances when XRP had previously overtaken Ethereum and contended that the current market dynamics are favorable for XRP’s substantial growth, bolstered by elements such as banking partnerships and potential ETF developments.
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This content is for informational purposes only and should not be interpreted as financial advice. The opinions expressed in this article may represent the author’s personal views and do not necessarily reflect those of The Crypto Basic. Readers are encouraged to conduct their own thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.