2024-10-13 01:00 |
Ben Armstrong, widely recognized as BitBoy across social media platforms, has once again attracted attention from members of the crypto community with his firm endorsement of XRP. In a recent post on X, the influential crypto commentator emphasized the significance of investing in XRP at its current price level.
BitBoy underscored his belief that potential investors who overlook the current opportunity to acquire XRP may regret their decision after the next five years. His remarks seem to be anchored in anticipation of a substantial surge in the price of XRP in the next five years.
BitBoy Remains Bullish On XRPBitBoy is one of the most popular names among crypto traders and investors. The crypto influencer is particularly known for his bullish stance on the industry, with XRP having been a major aspect over the years. As such, BitBoy has reiterated his conviction on cryptocurrency. Although his recent bullish outlook on the cryptocurrency wasn’t accompanied by a technical or fundamental analysis of XRP, BitBoy’s position as a crypto influencer allowed the post to gain traction among many investors.
In 5 years you’re gonna wish you bought more $XRP.
— The BitBoy (@BenArmstrongsX) October 10, 2024
As expected, his remarks sparked a range of reactions within the community. Some were skeptical, while some relayed BitBoy’s optimistic outlook. One account, Ben (@kcryptoinvest), who boasts 372,200 followers on the platform, expressed frustration. He pointed out that despite holding XRP for five years, he has yet to see any significant returns, noting that the price of the cryptocurrency remains largely unchanged from when he initially bought in.
Another investor with a more optimistic view, (@myfriendblondie), who has 24,200 followers, responded by arguing that five years may be too long. Even just one year could be enough for those on the fence about XRP to regret missing out on its potential gains in the next year.
What’s Next For The Altcoin?BitBoy is part of a shrinking group of investors who continue to maintain a positive outlook for XRP in light of recent price movements. Back in July 2023, BitBoy boldly predicted that XRP could reach a price range between $15 and $35 within the following 18 months. However, XRP’s price action has been less than impressive since then, and many investors are already turning their backs on the digital asset.
Over the past year, XRP has been largely confined to a tight trading range between $0.50 and $0.60, which has frustrated many long-time holders. Even the conclusion of the high-profile legal battle between Ripple and the SEC, which some hoped would trigger a significant rally, failed to do much in terms of a rally. This has led to claims of many calling the crypto dead. Furthermore, the recent appeal by the SEC has worsened the sentiment, as the XRP price now seems to be back under the shadow of the lawsuit.
At the time of writing, XRP is trading at $0.5381. The next anticipated catalyst for a significant XRP price increase is the anticipated launch of Spot XRP ETFs.
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