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Homeweb3.0Bitboy Crypto Makes Bullish XRP Price Predictions, Targeting $8-10 Range as 'Slam Dunk'

Bitboy Crypto Makes Bullish XRP Price Predictions, Targeting $8-10 Range as 'Slam Dunk'

Aug 12, 2024 pm 06:36 PM
xrp Price Prediction XRP ETF Long-term Short-Term

In a recent discussion on Thinking Crypto podcast, Bitboy Crypto opened up about XRP's price potential, especially in light of the recent legal victory over the SEC.

Bitboy Crypto Makes Bullish XRP Price Predictions, Targeting -10 Range as 'Slam Dunk'

Popular YouTuber and crypto influencer Bitboy Crypto recently shared his thoughts on XRP’s price potential in a discussion on Thinking Crypto podcast. He compared XRP’s future to Bitcoin’s rise to $150,000, suggesting that XRP's growth could be even more substantial.

When the discussion took place, XRP was trading between $0.56 and $0.60. Bitboy mentioned that his initial price prediction for XRP was between $1.18 and $1.25, with the highest possible price in a perfect scenario being around $1.50. This “perfect scenario” would involve an IPO for Ripple and an XRP ETF.

However, he noted that for XRP to hit these highs, money would have to flow out of other cryptocurrencies, with ADA (Cardano) likely to be one of those affected.

Bitboy is confident that XRP can reach a price range of $8 to $10 in the long term. He described this target as almost a “slam dunk,” suggesting that it’s highly achievable. If XRP doubles its previous all-time high, which was around $3.40, it could reach $6 to $7. He considers $7 to be a solid target, as it would represent a doubling of its last peak.

While Bitboy is cautious about setting overly ambitious targets, he did explore scenarios where XRP could soar beyond $10. If Ripple were to launch an IPO and an XRP ETF were to be approved, he believes the price could surge into the $18 to $25 range. In an extreme scenario, where all these factors align perfectly, XRP could even reach the $50 mark. However, Bitboy expressed skepticism about all these events happening before the end of the current bull run.

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