- Crypto Analyst Forecasts XRP Surge Beyond $16, Potentially Surpassing Ethereum
A leading crypto analyst has predicted that XRP could surge past $16 in the upcoming bull run, potentially overtaking Ethereum to become the second-largest cryptocurrency by market capitalization by 2025. This optimistic forecast comes amidst various developments in the Ripple ecosystem, sparking widespread market interest.
XRP Set to Challenge Ethereum’s Market Position:
Ben Armstrong, known as “The BitBoy,” recently shared a bullish outlook for XRP, suggesting that the token could reach $16 or higher. He anticipates that XRP could “flip” Ethereum by market cap by 2025, projecting a possible price range of $16.50 to $22. Armstrong attributes this to XRP’s expanding use cases in the global banking sector, differentiating it from competitors like Ethereum. He emphasized:
“XRP isn’t competing with ETH—it’s in a league of its own. While Ethereum faces competition, XRP is securing global banking partnerships. The future is set.”
Armstrong argues that XRP’s focus on liquidity and cross-border payments makes it a unique asset. He also referenced XRP’s brief overtaking of Ethereum in 2018, predicting a similar occurrence in the near future. Additionally, he suggests that rising competition from other Layer-1 blockchains could challenge Ethereum, whereas XRP’s strong institutional partnerships might drive a 25-30X price increase. Armstrong believes this could lead to the much-anticipated “flippening” of Ethereum.
Optimism Amid Ripple’s SEC Lawsuit:
Armstrong also highlighted key factors in the Ripple market that could propel XRP’s growth. One major aspect is the resolution of Ripple’s legal battle with the SEC. Recent developments, particularly the SEC’s decision not to challenge XRP’s non-security status on appeal, have bolstered market confidence, suggesting a favorable outcome for Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, has recently commented on the likely positive resolution of the case.
The analyst further pointed out the potential approval of XRP ETFs and a possible Ripple IPO as significant factors that could boost XRP’s upward momentum. Growing adoption of XRP as a liquidity solution among BRICS nations also enhances its global presence, according to Armstrong.
Ripple CEO Brad Garlinghouse has weighed in on the positive developments, discussing various projects like the Ripple stablecoin RLUSD, the potential XRP ETF, and the SEC case. Additionally, Ripple co-founder Chris Larsen made headlines with a strategic $10 million donation in XRP to Kamala Harris’s campaign, sparking controversy as some see this move as politically motivated, given the anticipation that Democratic leadership, including SEC Chair Gary Gensler, may stifle crypto innovation.
Currently, XRP’s price is down by almost 4%, trading at $0.5354, with a 5% decline in trading volume to $1.12 billion. The token hit a high of $0.5594 in the past 24 hours, driven by speculation after Elon Musk mentioned XRP, fueling further market interest.
