The renowned Bitcoin investor, TheWignus, with a massive following of over 2.4 million on X, has made a bold prediction that XRP is on its way to reaching the coveted $10 mark.
This optimistic forecast is hinged on the upcoming launch of an XRP exchange-traded fund (ETF). TheWignus recently took to X to express his belief that XRP is gearing up for a significant price surge towards $10.
The driving force behind his prediction stems from Ripple CEO Brad Garlinghouse’s announcement of an anticipated XRP spot ETF set to debut in 2025.
Garlinghouse shed light on the expected timeline for the XRP ETF during a conversation with FOX Business, emphasizing the need for a diverse range of crypto spot ETFs, beyond just Bitcoin and Ethereum, to cater to varied investment diversification preferences.
When questioned about the potential launch date of an XRP ETF, Garlinghouse exuded positivity by suggesting a 2025 release.
The Ripple CEO’s encouraging remarks have sparked a wave of enthusiasm within the community, with TheWignus and others setting ambitious price targets for XRP in anticipation of ETF investments.
It is worth noting that Bitcoin’s performance has been a testament to the impact of spot ETFs, as its all-time high in 2021 was surpassed just two months after the introduction of Bitcoin spot ETFs in the U.S. market.
Currently trading at $0.499, XRP has seen a 4.27% decline over the past day. To reach the $10 milestone from its current value, it would require a formidable 1,904% surge.
Various market analysts have also chimed in on the possibility of XRP hitting $10 during this bullish run, with some attributing the potential rise to factors beyond an XRP ETF.
As highlighted by The Crypto Basic, Bitcoin day trader Emily recently asserted that a $10 price target for XRP is inevitable, particularly if Bitcoin reaches $100,000. Drawing on historical chart patterns, she and four other analysts expressed optimism about an imminent significant increase for XRP.
Similarly, Web3Alert founder Nick previously argued that XRP achieving the $10 target is a realistic outcome. He pointed out that the resulting market cap of $550 billion to $1 trillion is not unprecedented, especially when compared to the market caps of Bitcoin and Ethereum.
Despite the positive outlook, there are skeptics who dismiss these bullish sentiments as unrealistic due to XRP’s underperformance in the current bull market, with XRP trading below $1.
In conclusion, it is essential to note that this content serves as informational and should not be construed as financial advice. The opinions expressed in this article are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
