TheWignus, a prominent Bitcoin investor with a massive following of over 2.4 million on X, has confidently predicted that XRP is on track to reach the $10 mark. This positive forecast is rooted in the potential launch of an XRP exchange-traded fund (ETF). In a recent post on X, TheWignus stated that XRP is poised to hit $10.
The foundation of this prediction lies in Ripple CEO Brad Garlinghouse’s announcement regarding the expected release of an XRP spot ETF by 2025. During a discussion with FOX Business, Garlinghouse emphasized the necessity of expanding the range of crypto spot ETFs beyond Bitcoin and Ethereum to provide more investment diversification options.
When questioned about the timeline for the introduction of an XRP ETF, Garlinghouse expressed optimism by suggesting a launch in 2025. His positive remarks have generated significant excitement within the community, with TheWignus and others setting high price targets for XRP in anticipation of ETF investments.
The recent performance of Bitcoin, which saw its all-time high in 2021 shortly after Bitcoin spot ETFs were introduced in the U.S. market, further supports the notion of XRP reaching $10.
Currently priced at $0.499, XRP has experienced a 4.27% decline in the past day. To achieve the $10 target from its current value, it would need to surge by an impressive 1,904%. While some market observers believe XRP could hit $10 during this bull run, many do not attribute their confidence solely to an XRP ETF.
Bitcoin day trader Emily and four other analysts have expressed certainty in XRP hitting $10, particularly if Bitcoin reaches $100,000. Similarly, Web3Alert founder Nick has argued that a $10 target for XRP is feasible, considering the market caps of Bitcoin and Ethereum.
Despite the optimism surrounding XRP’s potential, some remain skeptical due to its underperformance in the current bull market where it continues to trade below $1.
Disclaimer: This article is for informational purposes and should not be considered as financial advice. The opinions expressed are those of the author and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.