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The potential of XRP to be a top performer in the next bull run has been widely discussed in the crypto space. Despite its growth being hindered during the 2020-2021 bull run due to Ripple’s legal battle with the SEC, XRP is now expected to regain momentum and lead the market gains in the upcoming bull run.
Crypto analyst Ben Armstrong, also known as BitBoy Crypto, believes that XRP will be a market leader in the next bull run, which is anticipated to occur between 2024 and 2025. In a YouTube video, Armstrong highlights several factors that he believes will drive XRP’s growth, including the token’s team, community, and the continued involvement of Ripple’s founders in the crypto industry.
Although XRP did not perform as expected in the previous bull market, Armstrong suggests that the next bull run could be the time for the token to shine. He points to the 2017 bull market, where XRP outperformed other cryptocurrencies, as a potential indicator of a similar price rally.
However, there are concerns regarding XRP’s ability to repeat such a performance, primarily due to 50% of the token’s supply still being controlled by Ripple. Armstrong addresses these concerns by explaining that this situation could actually benefit investors.
Furthermore, Armstrong notes that Ripple is nearing the end of its legal battle with the SEC, having achieved a few partial victories against the regulator in the past year. Once this battle concludes, it is expected that institutional adoption of XRP will increase, contributing to the token’s growth.
Armstrong is not the only analyst who expects XRP to outperform in the upcoming bull cycle. Another crypto analyst, FeiryTrading, consistently maintains that the token has the potential to surpass double-digit prices, predicting an explosive 7,000% rally for XRP.