Amid the ongoing crypto bull market, renowned analyst Ben Armstrong made the bold claim that XRP is the coin with the greatest potential to soar. Despite recent setbacks in XRP’s price action, Armstrong’s optimism remains steadfast. He cited several factors driving his belief.
Ben Armstrong optimistic about XRP despite challenges
In the past 24 hours, XRP rose slightly by 2.11%, with trading volume soaring, exceeding US$1.43 billion. The rise coincided with Bitcoin regaining $72,000 price levels.
However, over the past 30 days, the price of XRP has fallen by 4%. Tokens also exceed 60% the following How the top 100 digital assets performed during the bull market.
Despite these challenges, Armstrong Still bullish Regarding the future of XRP. He pointed to the narrative surrounding the tokenization of real-world assets (RWA) as a key driver of its potential.
Notably, Ripple is moving beyond crypto payment solutions. It aims to tap into the RWA tokenization market, which is expected to reach a staggering $16 trillion over the next six years.
In addition, Ripple’s Chief Technology Officer David Schwartz also said Express Confident in the future of XRP Ledger (XRPL). He stated that XRPL will become the platform of choice for RWA tokenization by 2025, further supporting Armstrong’s prospects.
Armstrong believes XRP has benefited greatly from Ripple’s RWA tokenization efforts. Therefore, the expert firmly believes that the coin is ready to rise significantly in the current bull market.
Looking ahead, Armstrong expects further positive developments for Ripple. These include the resolution of ongoing litigation with the SEC, a potential IPO for Ripple, and potential adoption by major U.S. banks.
Additionally, he highlighted the possibility of a well-known asset manager launching a spot XRP ETF, further boosting XRP’s upward trajectory.
Ripple CEO cites key points supporting XRP optimism
Armstrong supported XRP’s positive outlook with some promising events surrounding the coin. Ripple CEO Brad Garlinghouse and Xrpl Commons CEO David Bchiri elaborated on these events during Paris Blockchain Week.
They delve into various topics surrounding Ripple and the broader XRP ecosystem. Their discussions ranged from the possibility of a U.S. spot exchange-traded fund (ETF) to Ripple’s plans to launch a U.S. dollar stablecoin this year.
They also draw attention to community expansion efforts and the regulatory environment for digital assets.It is worth noting that in his speech, Garlinghouse emphasize The Importance of Diversification in Cryptocurrency Investments. He advised investors to consider a diversified portfolio rather than focusing solely on Bitcoin or Ripple.
He further emphasized XRP’s regulatory transparency in the United States, which is the same as Bitcoin’s, and saw this as a key advantage that could open the door to financial products such as ETFs in the future. Despite potential delays for altcoin ETFs, Garlinghouse remains hopeful about their future, especially for XRP.
