Bitrabo Editorial
Ben Armstrong, popularly known in the crypto world as BitBoy, has once again made headlines within the cryptocurrency community by expressing strong support for XRP. In a recent X post, he highlighted the importance of investing in XRP at its current pricing.
He pointed out that those considering investing in XRP now might feel regret if they miss this opportunity in the next five years. His statements suggest he expects a significant rise in XRP’s value during this time.
BitBoy’s Positive Outlook on XRP
As a prominent figure among crypto enthusiasts, BitBoy is known for his optimistic perspective on cryptocurrencies, particularly XRP. He has consistently vocalized his support for the asset. While he did not provide a detailed analysis to back up his recent bullish stance, his influence in the crypto space has garnered attention from multiple investors.
In 5 years you’re gonna wish you bought more $XRP.
— The BitBoy (@BenArmstrongsX) October 10, 2024
As expected, his comments elicited a variety of responses from the community. Some expressed skepticism about his claims, while others shared his optimistic view. One individual, Ben (@kcryptoinvest), who has a follower base of 372,200, voiced his disappointment, stating that despite holding XRP for five years, he has yet to see substantial returns as the price has remained stagnant since his initial purchase.
On the other hand, a more hopeful investor, (@myfriendblondie) with 24,200 followers, responded by suggesting that a five-year outlook might be excessive, and that even those holding XRP for just a year may soon regret not capitalizing on its potential growth.
Future Projections for XRP
BitBoy stands as one of the few analysts maintaining a hopeful perspective on XRP, especially given recent price trends. In July 2023, he confidently forecasted that XRP could soar between $15 and $35 in the next 18 months. However, since then, XRP’s performance has not lived up to expectations, causing many investors to withdraw their support.
Over the past year, XRP has traded within a narrow range of $0.50 to $0.60, leading to frustrations among long-term holders. The resolution of Ripple’s legal issues with the SEC, which many hoped would initiate a price rally, did not yield significant results. This has caused some to deem the cryptocurrency as losing vitality. Additionally, the SEC’s recent appeal has dampened market sentiment, placing XRP under the cloud of legal uncertainty once again.
As of now, XRP is trading at $0.5381. Investors are looking forward to the potential launch of Spot XRP ETFs as the next possible trigger for a considerable price increase.