XRP’s potential price trajectory has become a hot topic in the cryptocurrency community. Bitcoin investor TheWignus (@TheWignus), a prominent crypto personality on X, has thrown his hat in the race, igniting a spark of optimism by predicting a potential surge to $10. This bullish forecast hinges on the highly anticipated arrival of a dedicated XRP exchange-traded fund (ETF).
TheWignus’ prediction stems from comments made by Ripple CEO Brad Garlinghouse during a recent interview with FOX Business. Garlinghouse expressed his belief in the eventual launch of a spot ETF for XRP, potentially arriving in 2025.
Garlinghouse recently revealed this in a Fox Business interview. He emphasized the significance of expanding investment options beyond Bitcoin and Ethereum ETFs, fostering a more diversified cryptocurrency market.
Garlinghouse’s optimistic outlook has sent ripples of excitement through the XRP community. TheWignus and other analysts interpret a potential XRP ETF as a catalyst for significant price growth.
This sentiment comes from Bitcoin’s price performance over the past few months. Following the introduction of Bitcoin spot ETFs in the U.S., the leading cryptocurrency surpassed its previous all-time high within two months.
Many believe Bitcoin’s surge is just the start, as there have been many predictions, with some reaching as high as $500,000 in the current bull cycle.
Is XRP Going to $10?
Achieving the $10 target would necessitate a monumental surge. XRP is trading at $0.4932, down 4.85% over the past 24 hours, and dipping below $0.5 for the first time since May 13. $10 is 1,925.57% higher than its current price. Despite the underperformance, TheWignus and many other prominent crypto figures and analysts are confident in XRP’s future.
Prominent Bitcoin trader Emily (@Crypto__emily) recently called the $10 inevitable for XRP. Her prediction seemed to hinge on Bitcoin reaching $100,000, but she did not provide any analysis of XRP’s price. EGRAG CRYPTO, a well-known analyst, dove into XRP’s charts, setting a $9-$10 target based on insight from the digital asset’s Dominance chart.
Another analyst recently set the same $10 based on Elliott Wave Theory, and this consensus among well-respected analysts has renewed optimism in many community members.
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Despite the prevailing optimism, some remain unconvinced. XRP’s lackluster performance during the current bull market and its inability to sustain a break above the $0.6 level has increased skepticism among investors.
However, the ETF brought massive gains to Bitcoin, and many believe it will do the same for Ethereum, and XRP ETFs might be the catalyst that sends it to a new all-time high.
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