Veteran crypto community figure, Bitboy Crypto, has forecasted a bullish outcome for XRP in a recent post on X. His prediction stems from a growing confidence across the XRP community even though its price has seen a sharp decline in the last seven days.

Bitboy Predicts New All-Time High for XRP

In his post, Bitboy suggested that XRP is ripe for a staggering increase, hinting that it could surge past its previous all-time high of $3.4 and jump to $4.5.

Also, he gave a timeline for this outcome, saying that it could happen between the end of this year and January 2025. The post which was viewed by over 200k people on X, sent excitement across the community with many expressing optimism and intentions to hold the coin for the long term.

It looks like $XRP is about to rip. It will hit $4.50 if not by end of year, in January.

— The BitBoy (@BenArmstrongsX) December 9, 2024

Recall that XRP only crossed the $2 mark for the first time in six years, after battling with a multi-year consolidation period. The surge, initially catalyzed by Donald Trump’s victory in the November 5 presidential elections, went even further after SEC chair Gary Gensler announced his resignation date.

XRP climbed as high as $2.9, triggering a wave of bullish predictions from several crypto experts. Most predictions align with Bitboy’s forecast, falling within the range of $4 and $5.

Factors Behind Optimistic Outlook

The optimistic view for XRP is attributed to several key developments set to happen by 2025. Particularly, the potential launch of the RLUSD stablecoin is a major factor, as it will indirectly increase the use case of XRP in facilitating cross-border payments.

Another notable factor is the anticipated change of leadership in the SEC, which many have speculated could lead to a dismissal of the long-running Ripple vs SEC court battle.

President Trump appointed former SEC commissioner, Paul Atkins, to take over once Gensler steps down. The move has been embraced by the crypto industry, as key figures endorsed Atkins as the right man for the job.

XRP Price Movements

Meanwhile, XRP has been rocked with a wave of sharp decline. Interestingly, the nosedive started after Atkins’s appointment was announced. The outcome sent mixed signals across the community as members expressed concerns about the timing.

XRP is now down about 35.6% from its all-time high after plummeting by 7.2% in the last 24 hours to trade at $2.22

Source: CoinMarketCap

However, the coin is still up about 280% in the last 30 days. Notably, XRP’s one-day trading volume rocketed by 95% to reach $21.9 billion, signaling increasing activities surrounding the project.

If Bitboy’s prediction comes through, then XRP would solidify its position as a top player in the market, as it would once again move to become the third most-valued cryptocurrency in the world.

The post Bitboy Gives XRP Prediction for January, Says its About to Surge appeared first on Coinfomania.