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BitBoy Projects XRP to Surpass Ethereum With $16.5 to $22 Price Target

BitBoy Projects XRP to Surpass Ethereum With $16.5 to $22 Price Target

TimestabloidTimestabloid2023/07/14 16:00
By:By Tobi Loba

Cryptocurrency influencer Ben Armstrong popularly known as “BitBoy,” recently shared a bold prediction regarding XRP’s future market position. According to his recent post on X, Armstrong believes XRP will displace Ethereum from its long-held second position in the cryptocurrency market rankings by 2025.

How Can XRP Flip Ethereum (ETH)?

In his video , Armstrong also pointed out that XRP has already flipped Ethereum in the past. He shared a screenshot of CoinMarketCap from January 7 2017 when XRP was the second largest cryptocurrency in the market. XRP might have achieved this again in 2021, but the legal battle with the U.S. Securities and Exchange Commission (SEC) held it down.

Armstrong speculated that if the lawsuit had never happened, XRP May have flipped Ethereum in 2021 and stayed as number two permanently.

Bitboy speculated that Ethereum (ETH) might only surge 2.5x to 3x in this cycle, bringing its market cap between $785 and $942 million. He describes this as a more realistic scenario than a 3.5x surge because of the resistance ETH will face while trying to break through the psychological $1 trillion market cap.

He notes that XRP has not begun its run yet, so he sees a 20x surge as highly feasible. He stated that the asset has not spent any momentum, unlike Solana which began climbing late last year and flipped XRP but has not come close to Ethereum. At the time of his analysis, a 20x surge would have sent XRP to $11, and he sees this as feasible.

He also believes that XRP can flip ETH because of its slow start. He is convinced that ETH would have reached its peak and be on the way down when XRP rises. However, he goes further, stating that if XRP can achieve a 25x or 30x surge, there’s no way it won’t flip Ethereum.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Factors to Aid XRP’s Rise

Bitboy listed potential factors that could help XRP achieve this goal. The first would be a Donald Trump victory in November, SEC Chair Gary Gensler getting fired, and the excitement surrounding the upcoming Ripple documentary .

This would end the XRP lawsuit, and pave the way for more ETF filings and a potential appeal which could send XRP up by 30x to $16.5 and achieve a market cap exceeding $1 trillion. The icing on the cake that could send XRP up as high as $22 is Ripple’s IPO later in 2025.

However, the biggest wildcard is the adoption of XRP by BRICS nations as a liquidity and payment solution. Armstrong believes the sky will be the limit if that happens.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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