Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run


Prominent altcoin, XRP, has produced a positive performance in the last day, rising by 6.92%, according to data from CoinMarketCap. This price increase adds to the token’s impressive form all week, culminating in an 11.85% gain in the last seven days. 

Interestingly, it appears there may be larger gains for XRP investors in the coming months as popular crypto analyst Ben Armstrong has placed the token as the most favorable asset for investment ahead of a potential 2024-2025 bull crypto market.

How To Get Free Crypto  

XRP Is The Token To Buy In 2024, Analyst Explains Why

In a recent video on YouTube, Ben Armstrong has backed XRP to emerge as the leader of a potential crypto bull run over the next two years. Armstrong supports his claim with respect to many factors, including the team behind XRP, the token’s marketing, performance, utility, community, and technology, among others.

When commenting on marketing, the renowned analyst explains that XRP is one of the most advertised assets to institutional investors. Furthermore, he claimed that the token’s publicity has largely increased following Ripple’s long-lasting squabble with the US Securities and Exchange Commission, which eventually resulted in a partial victory.

On XRP’s performance, Ben Armstrong admits the altcoin left much to desire in the last bull run in 2020-2021. However, he attributes this negative performance to a suppression induced by the SEC case against Ripple. To back his XRP prediction,  the crypto analyst notes that the altcoin gained by over 44,000% in the 2017 bull run and could repeat a similar feat, topping the next bull run in 2024-2025. 

In addition, Ben Armstrong also believes that XRP Is going to experience more adoption by traditional institutions in the world. Notably, he references the current application of the token in the creation of CBDCs by the central banks of some nations. 

Coinbase Banner  

Armstrong Notes Worry Over XRP’s Tokenomics 

In his bold XRP prediction, Ben Armstrong has expressed some worry over the altcoin’s tokenomics as half of the coin’s supply is controlled by Ripple. 

Notably, this factor does not alter the analyst’s projection of the altcoin in 2024-2025. In fact, he believes the payment company to retain his control over XRP to be beneficial for investors. However, Armstrong predicts Ripple’s dominance in the XRP market might prove to be an unfavorable policy in the long run. 

At the time of writing, XRP trades at $0.687, with a 1.57% loss in the last hour. Meanwhile, the token’s trading volume is up by 51.78%  in the last day and is currently valued at $2.4 billion. 

XRP trading at $0.685 on the daily chart | Source: XRPUSD chart on Tradingview.com

Featured image from CoinMarketCap, chart from Tradingview

FreeBitcoin Banner  

Go to Source
Author: Semilore Faleti


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.