XRP Could Get Close to a $6 Trillion Market Cap in the Future, Especially If Bitcoin Reaches $150,000: BitBoy

Popular crypto pundit Ben Armstrong, aka BitBoy, has suggested that XRP could get close to a $6 trillion market cap in the future

Crypto influencer Ben Armstrong, also known as BitBoy, has shared his thoughts on XRP’s future price, suggesting that it could reach a market cap of nearly $6 trillion if BTC hits $150,000.

In his recent appearance on the Thinking Crypto Podcast, Armstrong discussed XRP’s price potential and shared his best-case scenario for the token.

During the podcast, host Tony Edward asked Armstrong for his price prediction for XRP. In response, Armstrong highlighted his best-case scenario for the token.

“$52 XRP is Attainable”

Armstrong began by revealing that his initial price target for XRP was in the range of $18 to $25. However, he noted that he could envision XRP reaching $52 if everything aligns perfectly for the token. At this higher price threshold, XRP’s market cap would exceed $5 trillion.

According to BitBoy, the initial public offering (IPO) of Ripple and the launch of an XRP exchange-traded fund (ETF) would be key factors that could justify these lofty aspirations. He believes that the combination of these two events could propel XRP to new heights.

The XRP Army has been eagerly anticipating the launch of an ETF in the U.S., as it would provide a convenient way for new investors to gain exposure to XRP. One of the main bullish arguments in favor of an ETF is its potential impact on price, which was evident in the astronomical rise of Bitcoin following the introduction of ETFs prior to its most recent halving.

As for Ripple’s IPO, the community widely expects the company’s public listing to introduce XRP to a much broader audience, likely increasing adoption and driving up the price.

However, Armstrong also pointed out that the capital required to push XRP to such heights would likely come from other coins, such as ADA. He specifically mentioned the rivalry between ADA and XRP and expressed sympathy for the ADA community.

BitBoy believes that many ADA investors are stuck in a sunk “cost fallacy” and are unable to shift to assets that might perform better, like XRP.

BitBoy’s “Realistic Targets”

While Armstrong’s best-case scenario includes XRP prices as high as $52, he acknowledged that such an outcome may be unrealistic. Instead, he suggested that a more realistic price target for XRP would be in the range of $8 to $10, a sentiment shared by many other analysts.

This projection is based on the fact that XRP’s previous all-time high was $3.84, and doubling that peak seems achievable, according to BitBoy.

Ultimately, Armstrong noted that Ripple’s IPO would be sufficient to drive XRP to the $18 to $25 range, while the addition of an ETF would continue to propel it to $52. However, he expressed skepticism about all these factors aligning before the current bull run ends, emphasizing the importance of setting realistic expectations. As a result, he reiterated his belief that a price range of $8 to $10 is very realistic.

At press time, XRP is trading at around $0.57.

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