High-profile trader Ben Armstrong together with founder and CEO of Real Vision Raoul Pal discusses the potential growth of XRP in the next bull run.
According to Armstrong, XRP is the most interesting coin in this bull run as it’s one of the only major coins that did not hit a new all-time high during the first phase of this bull run. The reason for this is very simple: the SEC lawsuit. However, the analyst is strongly optimistic that things will change in the later phase:
“I believe that things are going to get cleared up before the end of this bull run. I think actually sooner rather than later. And that sets it up to have an even bigger bounce in the second half of this bull run due to the suppression that occurred in the first half.”
Meanwhile, Raoul Pal states that he shares the same perspective with Armstrong in which XRP offers a great risk and reward in this lawsuit:
“Every single one has been fined. It’s going to be a slap on the wrist that it could look like a security. There’ll be no admission of guilt on either side. There’ll be a payment of a fine. And then XRP is free to run.”
Moreover, the CEO of Real Vision points out that besides its numerous use cases, what is interesting about XRP at the moment is that people cannot buy XRP on exchanges as it has been delisted on exchanges due to the lawsuit.
“It’s not in the Bitwise ETF. The Bitwise ETF is now the top 10 index with billion dollars. So the moment XRP is freed, they have to buy a few 100 million dollars in it as everybody else can because the exchanges will have it back.”
In terms of the price aspect, Paul says that the worst-case scenario is 50% downside. Meanwhile, the best case is that it could be 10x or more from here.
“I think $10 to $15 is probably in the right range for where we should see XRP go. There’s a much more bullish case, in my opinion, where we could see higher, $20 to $30.”
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