Ben “BitBoy” Armstrong has expressed strong confidence that XRP will soar to $10, highlighting a clear regulatory landscape and substantial growth potential.
As the market experiences a broad resurgence, XRP has remained stable at approximately $0.5200, consistent with its trading range from the previous week. In contrast, Bitcoin has surged over 9% in the last week, reaching a seven-month peak above $73K. This upward movement has boosted the overall market capitalization to nearly $2.5 trillion, shifting market sentiment towards “greed.”
Despite Bitcoin’s impressive gains, XRP has shown little movement, holding steady around $0.52. This stagnation has raised concerns among market participants, especially among XRP holders who are disheartened by the lack of price fluctuations.
However, commentators from the community, including Ben Armstrong (BitBoy) and Edoardo Farina, have reassured XRP investors, asserting that the bullish outlook for XRP remains strong.
### XRP to $10 “No Matter What”
In a recent post on X, Farina highlighted BitBoy’s bold proclamation that XRP will reach $10 “no matter what.” This target represents a staggering potential increase of 1,806% from XRP’s current price of $0.5245, which could set a new all-time high.
Armstrong’s optimism is bolstered by the fact that XRP is no longer entangled in the ongoing SEC Ripple litigation, which has recently entered an appeal phase. BitBoy pointed out that during the last bull run, the SEC case had a significant impact on XRP’s market performance, but that influence has now dissipated.
He noted that prior to the court ruling stating that XRP is not a security, investors were hesitant to engage with XRP due to the SEC’s initial classification. With the legal clouds cleared, BitBoy believes that regulatory barriers no longer impede XRP’s potential.
“The case is over. It doesn’t matter if there’s an appeal,” he stressed. He further argued that, with a clear regulatory pathway, “XRP is the chosen institutional vehicle,” suggesting that large investors would feel secure investing in XRP without the fear of legal repercussions.
### XRP Will Not Hit $10 in One Go
On the other hand, Farina voiced his skepticism regarding the notion that XRP could leap to $10 in a single move. He anticipates that XRP will first approach $10 before experiencing a sharp decline to around $5.
Farina believes that this drop would serve to shake out retail investors, potentially creating a supply shock before a robust rebound occurs.
### XRP “Will” Massively Outperform Bitcoin and Ethereum
Armstrong went even further, claiming that XRP will outperform both Bitcoin and Ethereum, and will significantly exceed Ethereum’s growth. This viewpoint aligns with his earlier statements this month, where BitBoy suggested that XRP could surpass Ethereum, making it the second-largest cryptocurrency, with price targets ranging between $16 and $22.
He credits XRP’s prospective rise to its unique position in the market, especially in facilitating cross-border liquidity. In contrast, BitBoy posits that Ethereum will face heightened competition in the smart contract arena, which could impede its growth.
Armstrong recalled instances when XRP had previously surpassed Ethereum in market cap and asserted that current market conditions favor XRP’s substantial growth, bolstered by factors such as banking partnerships and the potential for ETFs.
### Disclaimer
This content is for informational purposes only and should not be construed as financial advice. The opinions expressed in this article may reflect the author’s personal views and do not represent those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.
