Crypto influencer Ben Armstrong, also known as BitBoy, suggests that XRP needs to close its daily and weekly candles above $2.75 in order to trigger a significant bull run, potentially driving the price to $4.50. Despite briefly reaching $2.72 after the announcement of the Ripple stablecoin RLUSD, XRP lost momentum due to Bitcoin's pullback. BitBoy believes that recapturing the $2.75 level is crucial for XRP's further ascent. Another analyst, "360 Trader," believes that XRP is on track to not only reach its all-time high but also establish a new support level above it, potentially driving the token into uncharted territory. While XRP currently trades 41.14% below its ATH, optimistic projections for the future include the potential end of Ripple's lawsuit and the launch of an XRP ETF. However, skeptics warn of a potential breakdown to as low as $0.50, citing historical patterns.
- Content Editor ( thecryptobasic.com )
- 2024-12-27
BitBoy Pinpoints The Only Condition to Trigger XRP Run to $4.5