BitBoy, a popular cryptocurrency influencer, has highlighted several key factors that could drive a potential rally for XRP, Ripple’s native crypto. These factors include a possible victory for Donald Trump in the upcoming presidential election, the firing of SEC Chair Gary Gensler, and the resolution of the Ripple lawsuit. In addition, the potential adoption of XRP by BRICS nations as a payment solution and Ripple’s IPO in 2025 could further accelerate the altcoin’s growth.
BitBoy predicts that XRP will displace Ethereum as the second-ranked cryptocurrency by 2025. He points out that XRP has surpassed Ethereum in the past and believes it can do so again. However, XRP’s growth has been hindered by its legal battle with the SEC, which began in December 2020. BitBoy expects Ethereum to experience a surge of only 2.5x to 3x during the next bull run, while XRP could see a 20x increase in price.
BitBoy believes that XRP’s participation in the bull run is overdue and that a 20x price increase is possible. Currently trading at $0.5297 with a market cap of $30 billion, a 20x surge would push XRP’s price to $11 with a market cap of $600 billion. BitBoy suggests that XRP could surpass Ethereum due to its slower momentum and predicts that Ethereum will have peaked and started to decline by the time XRP starts to rise.
BitBoy also highlights other factors that could contribute to a mega rally for XRP. He expects that if Donald Trump wins the presidency, he will follow through on his promise to fire SEC Chair Gary Gensler, which could lead to a final settlement in the Ripple lawsuit. This, in turn, could trigger more ETF filings and possibly an appeal, driving XRP’s price up by 30x to $16.5 and pushing its market cap past $1 trillion. Furthermore, Ripple’s IPO in 2025 could further boost XRP’s price to as high as $22.
The potential adoption of XRP by BRICS nations as a liquidity and payment solution is seen as the biggest wildcard that could propel XRP’s growth to new heights. If this were to happen, the sky would be the limit for XRP’s potential.
In conclusion, BitBoy’s analysis suggests that XRP has the potential for significant growth in the coming years, driven by various factors such as political developments, the resolution of the Ripple lawsuit, and the adoption of XRP by BRICS nations. However, it is important to note that these predictions are speculative and should be taken with caution.