Bitboy Crypto Bullish on XRP
Crypto veteran Bitboy Crypto recently posted that XRP is set to rise. He believes this is mainly due to the XRP community's overwhelming confidence, even though the price has dipped a bit in the past seven days.
Bitboy estimates XRP could hit a historical high
In his post, Bitboy mentioned that this time XRP can really soar, possibly breaking its previous high of $3.4 and shooting up to $4.5. He also provided an approximate timeframe, saying it could be between the end of this year and January 2025. Once the post was made, over 200,000 people viewed it, and everyone was quite excited, with many planning to hold onto this coin long-term.
XRP looks like it's going to explode, potentially reaching $4.5 in January.
Think about it, XRP has broken the $2 mark for the first time in six years, partly because Trump won the election on November 5, and additionally, SEC Chairman Gary Gensler announced he would resign, further boosting the price. XRP surged to $2.9, and several crypto experts believe it will continue to rise, similar to what Bitboy thinks, around $4 to $5.
Why is there such optimism for XRP?
Simply put, there are several major events expected in 2025. In particular, the potential launch of the RLUSD stablecoin could make XRP very useful in cross-border payments.
Another thing to mention is that there might be a change in personnel at the SEC, and everyone is guessing that Ripple and the SEC's lawsuit could yield a favorable outcome this time.
President Trump has also nominated former SEC Commissioner Paul Atkins to replace Gensler. This news is quite popular in the crypto community, and everyone feels Atkins is a suitable choice.
How is XRP's price doing recently?
However, XRP has also seen a significant drop lately. As soon as Atkins was nominated, XRP started to decline. This has caused anxiety within the community, as people are wondering if this timing is right.
In the past 24 hours, XRP has dropped by 7.2%, currently selling at $2.22, which is 35.6% lower than its peak.
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