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Crypto Influencer Ben Armstrong (Bitboy) Arrested in Florida. Here’s Why

Solomon Odunayo — Wed, 26 Mar 2025 08:57:14 +0000

In a recent tweet, Cointelegraph reported that Ben Armstrong, widely known in the cryptocurrency community as “BitBoy,” was arrested in Florida after publicly acknowledging the existence of an outstanding warrant against him.

Armstrong had previously informed his followers about the warrant related to his communications with a Georgia judge.

Details of the Arrest

On March 25, Armstrong was taken into custody by the Volusia County Division of Corrections in Florida. The arrest record indicates that he was classified as a fugitive from justice and was apprehended at 7:18 pm local time. This development came shortly after Armstrong publicly acknowledged the warrant issued against him.

Armstrong’s Admission

Before his arrest on March 21, Armstrong addressed the situation on the social media platform X. He confirmed that the warrants for his arrest were due to emails he had sent to Cobb County, Georgia Superior Court Judge Kimberly Childs.

Armstrong stated that these communications occurred while he was representing himself legally. He also alleged that Judge Childs had deleted her social media accounts, although this claim remains unverified.

Legal Implications

The specific charges leading to Armstrong’s arrest have not been publicly detailed. However, his admission points to potential legal issues arising from his direct communications with a sitting judge.

Such actions can be construed as attempts to influence or intimidate judicial proceedings, which are taken seriously under the law. The nature of these emails and their content will likely be central to any forthcoming legal proceedings.

Community Reaction

The cryptocurrency community has been attentive to Armstrong’s recent legal issues. His arrest has prompted discussions about the responsibilities and conduct of influencers within the crypto space. Some community members have expressed concerns over the potential impact of such incidents on the broader perception of cryptocurrency and its advocates.

Ben Armstrong’s arrest in Florida underscores the legal complexities that can arise from personal conduct, especially when it intersects with public platforms and the judiciary. As the situation develops, further details will shed light on the specific allegations and the potential consequences he may face.

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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BitBoy Says XRP Will See Rocket Rally to $4.5 Once This Happens

Solomon Odunayo — Sat, 28 Dec 2024 08:53:52 +0000

XRP is currently trading at $2.14, reflecting a 34% decline from its recent seven-year high. Market participants who entered during the token’s recent rally are experiencing losses, though sentiment remains hopeful.

Some prominent crypto analysts suggest that XRP may soon break through this period of consolidation to reach new heights.

Conditions for XRP Rally to $4.50

Crypto influencer Ben Armstrong, known as “BitBoy,” has outlined the critical level XRP must surpass to initiate its next significant price rally.

In a recent tweet, Armstrong emphasized the importance of XRP closing daily and weekly candles above $2.75. If this condition is met, he believes the digital asset could achieve a rally to $4.50.

XRP briefly reached $2.72 after Ripple announced the launch of its stablecoin, RLUSD. Many anticipated that this news would catalyze XRP’s price, but the token quickly retraced, largely impacted by Bitcoin’s market downturn.

Despite this, Armstrong maintains that reclaiming the $2.75 level remains the key trigger for XRP’s upward movement. He has also suggested that this price target could be reached by the end of the year.

XRP’s Path Toward Reclaiming Its All-Time High

Adding to the bullish outlook, another prominent crypto analyst named “360 Trader” has presented an even more optimistic perspective. The analyst predicts that XRP is on the verge of recovering its all-time high (ATH) of $3.84 and establishing a strong price base above it.

They argue this would provide the foundation for XRP’s “true” bull run, potentially leading to unprecedented price levels.

Market Sentiment: Optimism vs. Skepticism

The broader crypto community continues to monitor XRP’s performance with mixed expectations. Optimists point to potential catalysts, including the anticipated resolution of Ripple’s ongoing legal battle and the possible approval of an XRP exchange-traded fund (ETF). Both developments are expected to boost market confidence significantly.

On the other hand, skeptics caution against overestimating XRP’s potential in the near term. Some predict a possible decline to $0.50, citing historical patterns and market volatility as key risks.

As the end of the year approaches, XRP’s price movement remains a focal point for analysts and investors alike. While the asset has been trading within a narrow range over the past two weeks, key developments and market trends could dictate its next major move.

Whether XRP can meet Armstrong’s $2.75 threshold and surge to $4.50, or face further pullbacks, remains to be seen. However, enthusiasts and critics agree that the coming months will be pivotal for the digital asset’s trajectory.

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Bitboy Pinpoints A Sign That Shows XRP ETF Is Around the Corner

Solomon Odunayo — Sat, 14 Dec 2024 07:20:34 +0000

The crypto market is about to enter a new era, and there is mounting anticipation surrounding major developments like a potential XRP Exchange Traded Fund (ETF).

Recent developments have sparked increased speculation about XRP’s traditional investment prospects, driven by key market indicators and regulatory developments.

Grayscale’s XRP Trust, launched in September 2024, has emerged as a significant point of interest for market observers. The trust has demonstrated remarkable performance, with its share price experiencing a substantial surge of over 300%. Initially priced at $10.85, the trust has climbed to $47.48, catching the attention of prominent market commentators and investors.

Crypto influencer Ben Armstrong, a.k.a Bitboy, highlighted this performance as a promising signal for a potential XRP ETF. The dramatic price appreciation of the Grayscale trust suggests growing institutional interest and potential market readiness for a more accessible investment vehicle for XRP.

Is An XRP ETF Coming?

The U.S. Securities and Exchange Commission’s (SEC) historical stance toward XRP has been a significant hurdle for XRP ETFs. The SEC filed a lawsuit against Ripple and its executives in December 2020, and both parties have been embroiled in this legal battle since.

Although the court ruled in July 2023 that XRP is not a security, the SEC has not budged on its stance and appealed the ruling after the final verdict in August. However, the crypto market is as relentless as the SEC.

Ripple has spent over $150 million fighting the lawsuit, and multiple asset management firms have submitted applications for spot XRP ETFs, indicating substantial institutional interest.

Considering the current landscape and the impressive performance of the Grayscale XRP Trust, Armstrong is confident that an XRP ETF is coming.

When Will We See XRP ETFs?

According to regulatory timelines, the SEC typically requires 240 days to review ETF applications. With the most recent XRP ETF applications submitted in November 2024, potential approval could extend to July 2025 under optimal circumstances.

Nate Geraci, president of the ETF Store has also argued that the timeline could be extended, as XRP ETF approval would require an established Commodity Futures Trading Commission (CFTC) regulated futures market.

The SEC has also revealed that it will not approve Solana ETFs under the current administration. This might extend to other altcoins. However, a new administration will come in on January 20, and this pause will likely be lifted.

While the timeline for an XRP ETF is uncertain, the asset is one of the most popular among investors and institutions, and this pressure could expedite the approval process.

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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Bitboy Says XRP Is About to Rip, Projects Two Key Timelines For $4.5

Solomon Odunayo — Tue, 10 Dec 2024 06:48:43 +0000

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.

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.

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.

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BitBoy to Ethereum (ETH): You Can Run, But You Can’t Hide From XRP

Solomon Odunayo — Sun, 01 Dec 2024 06:48:26 +0000

Ben Armstrong, popularly known as BitBoy, has reiterated his belief that XRP could surpass Ethereum in market capitalization during the ongoing bull run.

Armstrong, a prominent crypto commentator, made the remarks following XRP’s recent significant milestone, where it surpassed Binance Coin (BNB) to claim the fifth spot among cryptocurrencies by market cap.

XRP Outpaces BNB, Climbs to Three-Year High

On Friday, XRP overtook BNB after reaching $1.70, propelling its market capitalization to $97 billion. This marked a significant achievement for XRP, which has since gained momentum.

As of the latest data, XRP is trading at $1.86, reflecting a slight pullback from its recent peak of $1.94—the highest price recorded in three years. The asset currently holds a $107 billion market capitalization, solidifying its position as one of the leading cryptocurrencies.

This development has widened the gap between XRP and BNB, solidifying XRP’s fifth-place position. The new valuation brings XRP within striking distance of Solana (SOL), the fourth-largest cryptocurrency by market cap.

Solana holds a market capitalization of $117 billion, maintaining a $10 billion lead over XRP. Analysts suggest XRP could surpass Solana if its price reaches $2.10, assuming Solana’s price does not see a proportional increase. Achieving this milestone would position XRP directly behind Ethereum, which leads the altcoin market.

Ethereum Under Pressure from XRP’s Surge

Amid XRP’s recent progress, Armstrong has emphasized his long-standing prediction that XRP will surpass Ethereum. In a tweet, Armstrong stated, “ETH, you can run, but you can’t hide (from XRP),” signaling his confidence in XRP’s upward trajectory.

Ethereum currently trades at $3,705, with a market capitalization of approximately $446.27 billion. By comparison, XRP’s market cap of $107 billion highlights a significant gap between the two. For XRP to match Ethereum’s valuation, its price would need to quadruple, reaching roughly $8.

Although such a scenario may seem ambitious, XRP’s recent performance suggests it is not impossible. Since November 4, XRP has surged from $0.4968 to $1.94, representing a remarkable 291% increase.

In contrast, Ethereum’s price has grown by just 40% over the same period. If XRP’s growth continues at this pace and Ethereum’s rise remains modest, the possibility of XRP closing the gap becomes more plausible.

Can XRP Reach Ethereum’s Market Cap?

Reaching Ethereum’s market valuation would require XRP to sustain its bullish momentum. Should XRP achieve a market cap of $445 billion, the asset’s price would align with the projected $8. However, some critics view this target as overly optimistic, citing the likelihood of resistance between the $3 and $5 price levels.

Despite these concerns, many XRP proponents remain confident that the cryptocurrency could reach double-digit prices during this cycle, potentially leading to the much-anticipated “flip” of Ethereum.

The coming weeks will be critical in determining whether XRP can maintain its upward trajectory and challenge Ethereum’s dominance. Armstrong and other bullish commentators remain steadfast in their belief, but market dynamics will ultimately dictate the outcome.

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BitBoy States the Problem With Picking XLM Instead of XRP

Solomon Odunayo — Wed, 27 Nov 2024 05:50:31 +0000

Cryptocurrency influencer Ben Armstrong, popularly known as BitBoy, has sparked an intense discussion among investors with a provocative claim that could reshape their perspectives on digital assets.

In a recent post on X, Armstrong boldly asserted that investors who hold more XLM than XRP will ultimately regret favoring XLM.

Armstrong’s prediction comes at a unique moment in the cryptocurrency market, where both XRP and XLM have demonstrated remarkable growth. While XLM has technically outperformed XRP in recent weeks, Armstrong remains steadfast in his conviction about XRP’s potential.

The current market data provides an intriguing backdrop to Armstrong’s declaration. XRP has experienced a substantial rally, climbing from a November low of $0.49 to current trading levels around $1.46, representing an increase of almost 200%. At its November peak of $1.6216, the digital asset was more than 230% above its lowest point.

XLM has experienced more growth, rising from a monthly low of $0.08952 to its current price of $0.5242, experiencing an impressive gain of over 450% over three weeks. At its November peak of $0.6342, XLM achieved a remarkable increase of almost 610%, dramatically improving its market positioning from #30 to #13.

Both assets have historically shown correlation and their rallies coinciding hasn’t surprised many. However, Armstrong’s statement has, because XLM seems to be the better performer on the surface.

Community Reactions

One user revealed that he had made significant profit from XLM over the past week, and stated that his only regret was not doubling down on the digital asset. However, another user described this as a short-sighted view. He noted that this was an initial phase, and XRP would outperform XLM in the long run.

XRP has historically been a late bloomer in the market but has always outperformed most other digital assets. Armstrong recently predicted that XRP and the ONDO token would be the two best-performing cryptocurrencies next year.

The underlying technology and partnership ecosystems of both XRP and XLM contribute to their market appeal, and both are viable options for the current cycle. However, the XRP community, including Armstrong, is confident that the digital asset can outperform the market in the current cycle. Armstrong recently revealed a crucial factor that can help XRP achieve this goal.

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BitBoy Says XRP Is Just Getting Started, Slams Doubters

Tobi Loba — Sat, 23 Nov 2024 06:31:24 +0000

Prominent crypto influencer Ben Armstrong, known as “Bitboy,” has drawn attention to XRP’s remarkable resurgence, noting that the digital asset is “just getting started.” His remarks follow XRP’s recent surge to $1.50, its highest price since 2021, and only a short distance from its previous peak of $1.96.

Armstrong’s comments reflect the growing optimism within the crypto community as XRP gains momentum alongside broader market strength. This milestone for XRP comes amidst a wave of positive developments that have excited the community.

These include regulatory shifts, heightened institutional interest, and Bitcoin’s historic rally. Investors and analysts speculate that the asset could soon surpass its 2021 high, solidifying its position as one of the leading cryptocurrencies by market capitalization.

Regulatory Shifts and Market Optimism

One of the major drivers of optimism for XRP is the recent announcement by Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), that he will step down in January 2025, making way for the Trump administration to appoint a new SEC Chair.

Gensler has championed the SEC’s legal battles against cryptocurrency companies, including Ripple. His departure will pave the way for a more crypto-friendly environment in the U.S., potentially benefiting XRP and other digital assets.

Multiple XRP-focused exchange-traded fund (ETF) applications have been submitted, signaling increased institutional interest. If approved, these ETFs could provide a new avenue for investors to gain exposure to XRP, further boosting its adoption and market momentum.

The broader cryptocurrency market has also bolstered the sentiment. Bitcoin recently reached an all-time high of $99,655, with market analysts suggesting that the flagship cryptocurrency is poised to break the $100,000 milestone. This historic rally has lifted the entire market, creating a favorable environment for altcoins like XRP.

Expert Projections for XRP

Market veterans have weighed in on XRP’s potential to surpass its 2021 high. Peter Brandt, a well-known trader and technical analyst, recently predicted that breaking through the $1.96 level could give the digital asset the boost it needs for a sustained price surge.

Such a move would mark a significant milestone for XRP, further solidifying its position as one of the top cryptocurrencies. A new all-time high has never been closer for XRP, and it will be intriguing to watch where it goes in the next few weeks or months.

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XRP Explained to Donald Trump Jr.: “XRP Is A Network of Value”

Solomon Odunayo — Sat, 09 Nov 2024 07:30:50 +0000

In her recent tweet, crypto influencer Amelie shared a video clip in which Ben Armstrong, a prominent figure in the crypto community, explains the unique features of XRP to Donald Trump Jr.

In the tweet, Amelie expressed her enthusiasm about the conversation by stating, “WOW! BEN ARMSTRONG EXPLAINS #XRP TO DONALD TRUMP JR: ‘XRP IS A NETWORK OF VALUE!” Armstrong’s explanation emphasized the transformative role that XRP can play in revolutionizing international banking, specifically in cross-border payments.

The SWIFT System vs. XRP

The video discussion centered on XRP’s technological advantages compared to traditional financial systems, particularly the SWIFT network, which has been the standard for international bank transfers.

Armstrong noted that while SWIFT is an established system for transmitting information globally between financial institutions, it has limitations when it comes to speed and efficiency.

He described SWIFT as a “network of information,” where the actual transaction processing and settlement are handled at the back end of individual banks. This structure often leads to significant delays, sometimes taking five to seven days to complete a cross-border transaction.

In contrast, Armstrong explained that XRP operates as a “network of value.” XRP’s infrastructure is designed to carry information and the actual value or asset being transferred, allowing it to streamline international payments. This distinction enables XRP to facilitate near-instantaneous settlement, a sharp improvement over the SWIFT system.

According to Armstrong, XRP’s system can complete transactions in “30 seconds,” a substantial improvement over the days-long process in traditional banking. He elaborated on XRP’s mission to change the global financial system by drastically reducing the time required for cross-border settlements.

Armstrong also pointed out that, like Bitcoin, XRP is part of a broader class of assets known as “networks of value,” which aim to enable more efficient and direct financial exchanges.

Public Reactions and Comparisons with Traditional Systems

Amelie’s tweet also received a response from a Twitter user, Joshua W. B., who compared the processing time of XRP to traditional stock sales.

Joshua acknowledged XRP’s speed advantage, noting that while XRP transactions may settle in around 30 seconds, this is still a vast improvement over the 48-hour waiting period commonly required for processing stock sales.

His comment reinforced Armstrong’s point that XRP offers a significant advantage over conventional financial systems based on speed and efficiency.

XRP’s Potential to Disrupt the Financial Industry

Armstrong’s statements come at a time when XRP and other digital currencies are increasingly scrutinized for their potential impact on the financial industry. The XRP Ledger’s design prioritizes scalability and efficiency, making it particularly suitable for high-volume transactions across borders.

By targeting these specific use cases, XRP positions itself as a direct competitor to traditional payment infrastructures like SWIFT, aiming to address long-standing inefficiencies in the global banking system.

The video featuring Armstrong and Trump Jr. highlights a trend in which prominent voices in the crypto community are reaching out to public figures and influencers to raise awareness about blockchain technology and digital assets.

This is part of a broader strategy to foster public understanding and gain support for the crypto industry from influential sectors outside the traditional tech space.

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Bitboy: XRP Will Replace Memecoins

Solomon Odunayo — Tue, 05 Nov 2024 09:18:04 +0000

In a recent post, cryptocurrency influencer Amelie drew attention to a bold prediction by Ben Armstrong, commonly known as “BitBoy,” who envisions a substantial market shift in favor of XRP. Bitboy suggested that in the next cycle, XRP will replace meme coins as the primary destination for retail investor interest.

In a video, he noted, “This is going to sound really crazy. The XRP will replace meme tokens in the next cycle. And what I mean by that is, that’s where all the money flowed in, right?” This statement has sparked discussions across the cryptocurrency community about the potential of XRP and its place in the market as a utility-driven alternative to speculative meme coins.

Ripple’s Legal Victory Sparks Renewed Interest in XRP

Armstrong’s forecast comes at a time when XRP, the digital asset associated with Ripple, is undergoing a renewed phase of interest due to recent developments, including Ripple’s legal victory over the U.S. Securities and Exchange Commission (SEC). The SEC had alleged that XRP was a security, casting uncertainty over its trading and adoption within the U.S. market.

The positive outcome of the legal battle has not only validated the token as a non-security but has also revitalized interest among investors, with Armstrong’s latest statements amplifying this renewed attention.

According to Armstrong, the reallocation of funds from meme coins to XRP is poised to redefine the dynamics of the cryptocurrency market. Meme coins like Dogecoin and Shiba Inu have historically attracted significant capital inflows due to their high volatility, community-driven narratives, and viral appeal.

However, Armstrong contends that the speculative phase of meme coins may give way to assets with greater utility and institutional support, such as XRP. He argues that retail and institutional investors alike will prefer digital assets that offer real-world applications, particularly in cross-border payments, a space where Ripple’s technology has seen significant adoption.

Can XRP Surpass Ethereum by 2025?

Further adding to this ambitious outlook, Armstrong previously expressed a belief that XRP might soon displace Ethereum as the second-largest cryptocurrency by market capitalization. In a post on X last month, he suggested the token could overtake Ethereum’s position by 2025.

To support his claim, Armstrong highlighted that XRP has achieved this ranking in the past; on January 7, 2017, the digital asset briefly surpassed Ethereum as the second-largest cryptocurrency. Although this status was not sustained, Armstrong speculates that recent developments could enable XRP to challenge Ethereum’s position.

The idea of XRP surpassing Ethereum gains plausibility in light of Ripple’s advancements in securing global partnerships with financial institutions, which could increase the token’s liquidity and adoption in cross-border transactions.

Ethereum’s dominance has largely been attributed to its robust ecosystem of decentralized applications (dApps) and smart contract functionality. However, Armstrong suggests that XRP’s unique positioning as a bridge currency could lead to a more significant role in the global financial infrastructure.

Ripple’s strategy of positioning XRP as a payment solution rather than a speculative asset aligns with this outlook, potentially making the token a safer bet for institutional investors looking to adopt blockchain technology without exposure to high-volatility assets.

The Future of Meme Coins and XRP’s Role as a Utility Asset

As the crypto market prepares for the next cycle, Armstrong’s predictions have fueled debates on the future trajectories of meme coins and XRP. Meme coins, known for their rapid value fluctuations driven by social media trends, may face challenges if investor sentiment shifts toward assets that promise real-world utility.

XRP’s legal validation as a non-security asset could provide the foundation for broader adoption, particularly if regulatory clarity attracts cautious investors who previously refrained from high-risk assets like meme coins.

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Bitboy: “The Case Is Over, XRP Is Going to Get to that $10 Level”

Tobi Loba — Fri, 01 Nov 2024 06:04:38 +0000

Edoardo Farina, CEO of Alpha Lions Academy, and Ben “Bitboy” Armstrong, a prominent crypto influencer, recently had an insightful conversation about XRP and its potential.

Armstrong shared his optimistic outlook for XRP, predicting that the asset’s journey to the $10 mark is inevitable. Farina captioned the clip of their conversation on X. In the video, Armstrong emphasized XRP’s potential to outperform Bitcoin and Ethereum in the currency cycle.

Is XRP Going to $10?

Armstrong firmly believes in XRP’s potential for significant growth, asserting, “XRP is going to get to that $10 level.” He predicted that the digital asset will “make up a lot of ground on Ethereum,” a sentiment he shared recently when he drew attention to XRP’s time as the second-largest cryptocurrency and its potential to reclaim that spot in the current cycle.

This prediction is underpinned by the resolution of the longstanding legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The legal battle has consistently held down the digital asset, but Armstrong pointed out that the case is effectively concluded.

“The case is over,” he stated, emphasizing that XRP is now recognized as a regulated cryptocurrency, not a security. Although the SEC appealed certain aspects of the ruling in early August, XRP’s non-security status is safe, and the law of the land, according to Ripple’s Chief Legal Officer (CLO) Stuart Alderoty.

Farina echoed Armstrong’s sentiments, underscoring the irrelevance of any potential appeal. “It doesn’t matter if there’s an appeal,” Farina noted, referencing Alderoty’s comments. According to Farina, the ongoing debate is purely financial, revolving around the settlement amount, which is currently $125 million.

The Importance of Regulatory Clarity

Armstrong emphasized the strategic importance of XRP’s regulatory clarity. He pointed out that since 2017, many skeptics have dismissed XRP as a “banker coin” and doubted its legitimacy due to the SEC’s lawsuit.

He noted that big money institutions need XRP to be properly regulated so they can use it. With the security issue resolved, Armstrong believes institutional investors have a clear path to incorporate XRP into their portfolios.

This regulatory clarity is expected to bolster confidence among institutional investors, who previously hesitated due to legal uncertainties. Armstrong encouraged the XRP community to view the SEC’s actions as part of a broader strategy.

He believes the SEC’s lawsuit is a necessary step in establishing market trust, and he suggested that the regulatory clarity achieved through the case will ultimately benefit XRP’s adoption and growth. Many experts have reiterated the $10 target, and it’s only a matter of time before XRP starts climbing as analysts expect.

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