Ben Armstrong, widely recognized in the cryptocurrency community as “Bitboy,” shared an intriguing prediction for XRP in a recent post on X. Armstrong stated that XRP appears poised for a significant price increase, suggesting it could reach $4.50, either by the end of the year or in early January.
This bold projection comes amid renewed optimism surrounding XRP’s market potential and positive developments in the broader crypto landscape. The prediction suggests that XRP will reach a new all-time high. It has also stirred up excitement in the community.
It looks like $XRP is about to rip. It will hit $4.50 if not by end of year, in January.
— The BitBoy (@BenArmstrongsX) December 9, 2024
XRP Surges Beyond $2
XRP has recently crossed the $2 mark, a level it has not reached since 2018. The digital asset touched $2.86, marking its highest value in six years. This bullish performance has fueled speculation about further upward movement, aligning with Armstrong’s projection of a potential climb to $4.50.
Market analysts attribute XRP’s strong performance to several factors, including its increasing role in facilitating cross-border payments, consistent community support, and regulatory clarity. Armstrong’s post has added momentum to the bullish sentiment, as many community members and investors listen to him.
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Regulatory Developments Signal Potential Surge
Beyond market dynamics, regulatory developments have also played a role in bolstering XRP’s outlook. Gary Gensler’s announcement, the current Chair of the U.S. Securities and Exchange Commission (SEC), regarding his resignation in January 2025 has excited the community, as it could bring a major shift in the SEC’s regulatory strategy.
President-elect Donald Trump has nominated Paul Atkins, a known proponent of the crypto market, to succeed Gensler. Atkins’ appointment could bring a more favorable stance toward cryptocurrencies, potentially resolving the longstanding lawsuit between the SEC and Ripple.
XRP Set For New All-time High
Armstrong’s projection highlights a growing consensus among crypto enthusiasts that XRP is entering a new growth phase. With regulatory uncertainties easing and market fundamentals remaining strong, XRP could see increased institutional interest.
XRP is trading at $2.17, following a massive decline over the past 24 hours. However, the digital asset is still up 265% from last month. Many experts have recently shared bullish predictions, indicating it could see a swift recovery as we close the year.
If Armstrong’s forecast proves accurate, XRP could solidify its position as a leading cryptocurrency, setting the stage for a transformative 2025.
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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