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- BitBoy said that if Ripple times the IPO correctly, there’s a flood of investors coming to XRP leading to an unprecedented price rally.
- However, the US SEC has shown its willingness to appeal the court ruling on XRP, and this could delay the IPO further.
Everyone is talking about Ripple’s recent victory against the US SEC which is a milestone event and could be a game-changer for the entire industry. Market analysts have already started predicting the next value unlocking that could happen for XRP investors in the long term.
During his recent interview, renowned crypto influencer and YouTuber Ben Armstrong aka BitBoy made a massive bullish price prediction for XRP. BitBoy believes that if Ripple manages to time its IPO correctly, the XRP price could shoot all the way in the range of $15-$35 over the next 18 months.
This would mean a massive 1,729% increase from the XRP’s current value, and BitBoy calls this price prediction ‘reasonable’ on his part. BitBoy’s prediction of a $15 price for XRP reflects his strong belief in its potential for long-term growth. This positive outlook may be influenced by the optimistic feelings surrounding the lawsuit’s resolution and the regulatory clarity it provides to the XRP ecosystem.
$15 is reasonable I believe over 18 months or so.
If they IPO and time it correctly, could be up to $35 imo.
Make no mistake… it may not go that high… but $XRP IS breaking an all time high this cycle save some sort of pointless, vindictive SEC appeal. (Low chance) https://t.co/rrMCuOacrE
— Ben Armstrong (@Bitboy_Crypto) July 19, 2023
Ripple IPO Could Provide A Strong Catalyst
In the past, Ripple CEO Brad Garlinghouse expressed his intention to take the company public after its case settlement with the SEC. Now, analysts in the cryptosphere have turned bullish that Ripple should make the next move ahead.
Earlier this year in April, BitBoy highlighted XRP as his top choice for an altcoin during the next bull run. He predicted that if the SEC lawsuit turned in favor of XRP, the asset could experience a significant surge. BitBoy believed that this favorable outcome would grant XRP a unique status as the only asset with clear legal and regulatory clarity.
There’s a lot of optimism surrounding Ripple’s IPO since market analysts believe that the IPO could attract a lot of mainstream attention as well as attract a fresh wave of investors. Thus, it would serve as a major catalyst for Ripple’s next rally.
Even though BitBoy is optimistic, he also admitted that the market can be unpredictable in a recent tweet. He said that the price might not reach the high numbers he projected. However, he still believes that XRP will at least surpass its previous highest price during this market cycle. Thus, it would mean another 5x rally from here even if the XRP price reaches its previous all-time high.
BitBoy talked about XRP’s future when Evan Luthra, an experienced angel investor and entrepreneur, asked him a question. Luthra pointed out that XRP’s total trade volume has exceeded Bitcoin’s after the court’s ruling on July 13.
US SEC to Appeal Ripple Court Ruling
In their recent response to the Terra case, the US SEC has announced that they would proceed with appealing Ripple’s court ruling. Terraform Labs cofounder, Do Kwon, is using the recent XRP ruling as an example in his ongoing lawsuit, while facing accusations of fraud. Kwon mentioned that Judge Torres’ ruling stated XRP sales are not considered securities to defend himself against the charges. However, the US SEC responded on Friday, asking the court not to take the Ripple judgment into account because they are planning to review it separately.
“Respectfully, those portions of Ripple were wrongfully decided, and this court should not follow them. SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review,” he added.
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