XRP $4.50 Dream: Can It Become Reality?
The crypto world is buzzing with speculation about XRP’s potential for a massive price surge. Renowned crypto influencer Ben Armstrong, better known as BitBoy, has pinpointed a critical price level that could ignite the next major bull run for the digital asset.
The $2.75 Hurdle: A Key to XRP’s Breakout?
Armstrong emphasizes the significance of XRP closing both daily and weekly candles above the $2.75 mark. He believes that achieving this crucial threshold would pave the way for a dramatic ascent towards his predicted target of $4.50.
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While XRP briefly touched $2.72 following the announcement of the highly anticipated Ripple stablecoin, RLUSD, it quickly lost momentum, primarily due to Bitcoin’s price pullback. Despite this setback, BitBoy remains adamant that recapturing the $2.75 level is paramount for XRP’s continued bullish trajectory. He has previously issued bold predictions, suggesting that XRP could potentially reach the $4.50 mark by the end of the year.
A New All-Time High and Beyond: Analyst Predicts Uncharted Territory
Adding fuel to the bullish fire, crypto analyst “360 Trader” has offered an even more ambitious outlook. He believes XRP is not only poised to reclaim its all-time high (ATH) but also destined to establish a new support level above it. This new support base, according to the analyst, would serve as a springboard for XRP’s “true” bull market, potentially propelling the token into uncharted price territory.
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Currently trading at $2.23, XRP is 41.14% below its all-time high of $3.84. Reclaiming this historical peak would require a substantial 49% price surge.
A Mixed Bag of Expectations: Bullish Hopes vs. Bearish Concerns
As 2025 approaches, optimistic projections about XRP’s future continue to gain traction, fueled by anticipated pro-XRP developments such as the potential resolution of the Ripple lawsuit and the potential launch of an XRP ETF.
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However, amidst the bullish sentiment, a note of caution persists. Skeptics warn of a potential price breakdown, citing historical patterns and predicting a potential decline to as low as $0.50.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risks, and readers are advised to conduct thorough research and consult with qualified financial professionals before making any investment decisions.
