BitBoy, a popular cryptocurrency influencer, has highlighted several key factors that could drive a potential rally for XRP. 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. Additionally, BitBoy predicts that an XRP IPO in 2025 and the adoption of XRP by BRICS nations as a payment solution could further accelerate the altcoin’s growth.
BitBoy believes that XRP has the potential to displace Ethereum as the second-largest cryptocurrency by market capitalization by 2025. He points out that XRP has previously surpassed Ethereum in terms of market capitalization, albeit for a short period of time in January 2017. However, the altcoin’s growth was stunted after it became embroiled in a legal battle with the SEC in December 2020.
While BitBoy expects Ethereum to experience a modest increase in value during the next bull run, he predicts that XRP could see a 20x price surge. Currently trading at $0.5297 with a market cap of $30 billion, a 20x increase would push the price of XRP to $11 with a market cap of $600 billion. BitBoy argues that XRP’s slower momentum compared to Ethereum could allow it to surpass the latter in terms of market capitalization. He also suggests that XRP’s rally could coincide with a decline in Ethereum’s value.
BitBoy identifies several factors that could contribute to the mega rally of XRP. He believes that a Trump presidency would lead to the firing of SEC Chair Gary Gensler, which could increase the likelihood of a favorable settlement in the Ripple lawsuit. This, in turn, could pave the way for a significant increase in XRP’s value. BitBoy also notes that XRP whale activity has already started picking up, indicating positive sentiment towards the altcoin.
Furthermore, BitBoy suggests that the potential adoption of XRP by BRICS nations as a liquidity and payment solution could be a major catalyst for XRP’s growth. He believes that if this adoption occurs, the sky’s the limit for XRP.
Overall, BitBoy’s predictions for XRP’s future are optimistic, highlighting several factors that could drive a potential rally for the altcoin. However, it is important to note that these predictions are speculative and should be taken with a grain of salt.