XRP Poised to Lead the Next Bull Run, Says Crypto Analyst
Crypto analyst Ben Armstrong, also known as BitBoy Crypto, believes that XRP will be a market leader in the upcoming bull run. The next bull run is anticipated to occur between 2024 and 2025, and Armstrong expects XRP to perform strongly during this period.
Armstrong highlights several factors, including the token’s team and community, as drivers of XRP’s growth. Ripple’s founders, who are responsible for issuing the XRP token, have established themselves as influential figures in the crypto industry.
Although XRP did not experience significant growth during the 2020-2021 bull market, Armstrong suggests that the next bull run could be the time for the token to shine. He draws a parallel with the 2017 bull market when XRP outperformed other cryptocurrencies.
Addressing Concerns and Future Outlook
Despite concerns about Ripple’s control over 50% of the XRP supply, Armstrong argues that this could work in favor of investors. Additionally, he notes that Ripple is nearing the end of its legal battle with the US Securities and Exchange Commission (SEC), which could lead to increased institutional adoption of XRP.
Armstrong is not alone in his prediction. Another analyst, FeiryTrading, has consistently suggested that XRP has the potential to exceed double-digit prices and anticipates a staggering 7,000% rally for the altcoin.
Hot Take: XRP’s Promising Future
The potential for XRP to emerge as a top performer in the next bull run is generating significant discussion in the crypto community. With factors such as Ripple’s influence, the nearing resolution of its legal battle, and positive market sentiment, XRP appears to be well-positioned for growth. While concerns about Ripple’s control over the token’s supply persist, many analysts, including Ben Armstrong and FeiryTrading, believe that XRP has the potential to outperform other cryptocurrencies in the coming years.
By
By
By
By
By