In the past weeks, the long-awaited XRP-SEC lawsuit was settled in favor of Ripple, and XRP experienced a massive rally.
After the court's XRP decision, exchanges such as Coinbase and Kraken re-listed XRP, and these listings contributed to the rally.
While analysts stated that XRP's ongoing uptrend is also supported by the MACD indicator giving a buy signal, the last comment came from analyst Ben Armstrong, known as “BitBoy Crypto” in the cryptocurrency industry.
Stating that XRP could go up to $ 15 in the next 18 months, Armstrong argued that if Ripple goes public and this IPO is carefully timed, XRP can rally up to $ 35.
“I think XRP could hit $15 in the next 18 months, and I think that's a reasonable estimate.
If Ripple goes public, and if this IPO is timed correctly, XRP can then go up to $35.
Make no mistake.
XRP may not rise that much. This is just a guess. But XRP is breaking all-time highs this cycle.”
Under the XRP share, a user commented, “All altcoins are breaking ATH in this cycle.”
Saying that it would be wrong to assume that the user will break the ATH of all altcoins during the current cycle, Ben Armstrong shared the altcoins he thought broke his ATH.
“Probably not. Solana, Dogecoin, Shiba are all potentially on this list.
The previous top 10 cryptocurrencies that did not form a new cycle in the last cycle: NEM, NEO, Dash, BCH, XRP (rightly) etc.
Don't fall into the trap I fell into last loop. Not everything is performing.”
*Not investment advice.