BitBoy Says XRP Next Stop is $4.5, Get Ready

Ben Armstrong, better known as BitBoy, has recently shared his view on how high XRP could go before its first major pullback.

Currently, XRP is trading at $2.70 after experiencing a more than fourfold price surge since November. This impressive price action has elevated XRP to become the third-largest crypto asset by market cap, trailing only Bitcoin and Ethereum.

Notably, XRP reached its current position faster than many anticipated. It was trading in the $1 range just two days ago, and since entering the $2 range, it has continued to rise and is now looking to hit $3.

Amid this, market analysts like Ben Armstrong are voicing their opinions on where XRP could go before cooling off from its streak of giant green candles.

XRP Next Stop is $4.50

In a tweet, Armstrong suggested that $4.50 is the next target XRP for XRP, urging market participants to prepare for the wave. This price point would mark a fresh all-time high.

With XRP at $2.70 at the time of writing, reaching $4.50 would require an additional growth of 67%. For a coin that has already seen over 100% gains in under seven days, XRP proponents believe this new projected level is within reach.

At the $4.50 price point, XRP’s market cap would rise to $256 billion, bringing it closer to Ethereum’s valuation.

Commenting on BitBoy’s tweet, community members shared even more optimistic outlooks for XRP’s next stop before a potential consolidation phase. Analyst Mack suggested a $10 price target, while another argued that the ongoing uptrend could continue for another 12 days before a retracement.

Take Profit and Exit XRP

However, amid the optimism around XRP’s growth, critics are raising red flags, cautioning holders to take their accrued profits and exit the market.

Analyst “ElonTrades” has called on XRP holders not to get caught in a “roundtrip” this time, urging them to take their current 4X profit “and run.”

He shared a chart showing that in at least two instances in recent history when XRP experienced towering candlesticks, a major price slump followed shortly after.

As a result, he has advised moving profits into other underperforming crypto assets while there’s still an opportunity. Market commentators like IncomeSharks have even predicted a potential massive XRP dump to $0.60, which would represent a substantial 77% loss for current holders.

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