Ben “BitBoy” Armstrong recently became the topic of debate in the cryptocurrency space after listing altcoins he believes will soon ‘rip’, including XRP.
Earlier today, he said on X that he thinks the altcoins market will have a massive run very soon. This outlook comes after the previous week, when altcoins performed rather poorly as far as price movement is concerned.
The range of crypto assets in the list was representatives of various industries. This list was led by Ondo Finance (ONDO), a project dedicated to generating digital replicas of RWAs. ONDO aims at a $16 trillion market in the future.
Next up was The Graph (GRT), a project that drives a decentralized data querying and indexing protocol similar to what Google can do with its web indexing.
Furthermore, BitBoy identifies popular meme coin Floki and Pyth Network’s token PYTH as cryptocurrencies to watch in the upcoming days. XRP is the most well-known cryptocurrency asset on his list, ranking among the top 10.
$6T Market Cap for XRP
Notably, BitBoy who has long been a bull for XRP has predicted that this cycle, the coin might achieve an $6 trillion market valuation. According to this forecast, it would trade at almost $60.
Armstrong disclosed that he initially had a price objective of $18 to $25 for XRP. Moreover, he said that if all goes according to plan, it will reach $52. At this elevated benchmark, its market capitalization surpasses $5 trillion.
BitBoy claims that the introduction of an XRP ETF and Ripple’s IPO are reasons to support these ambitious goals. Additionally, the XRP Army is particularly optimistic about the introduction of an ETF in the US as it would provide new investors access.
The primary bullish aspect is the possible price impact, which is comparable to what happened to Bitcoin. BTC price reached an all-time high when ETFs were introduced before to its most recent halving.
XRP investor interest: surge incoming?
The XRP price has been rising in the past week. It climbed by 7% to trade at roughly $0.57, with trading volume jumping by over 73%. This spike suggests that as Ripple continues to expand its asset portfolio, there is growing anxiety about the crypto.
Market analysts remain cautious, though, and they believe that it will eventually encounter significant resistance at $0.62.
Additionally, Grayscale Investment recently unveiled a trust that gives authorized investors direct access to XRP, further igniting the rise. At the time of writing, XRP is trading at $0.56, up 7.13% in the past 7 days. The market cap stands at $31.95 billion, with a 24-hour volume increase of 24.43%.
