TheWignus, a Bitcoin investor with more than 2.4 million followers, said on the X platform that XRP will move towards its target of $10. This optimistic outlook is based on the expected launch of an XRP exchange-traded fund (ETF). In a recent post, TheWignus claimed that XRP is ready to hit the $10 price point. His prediction is based on Ripple CEO Brad Garlinghouse’s expectations for an XRP spot ETF by 2025.
Garlinghouse discussed the expected timeline for the XRP ETF in a conversation with Fox Business. He emphasized the need for a variety of crypto spot ETFs, not just Bitcoin and Ethereum, to provide more diversified investment options. When asked when the market can expect an XRP ETF, Garlinghouse expressed an optimistic outlook, suggesting a launch could occur as early as 2025.
The positive statement from the Ripple CEO has created considerable excitement in the community. TheWignus is among those who have set high price targets as a result of the ETF's investments in it. Notably, this sentiment was affirmed by Bitcoin, whose 2021 all-time high was surpassed just two months after the launch of a Bitcoin spot ETF in the U.S. market.
Notably, XRP is currently trading at $0.499, having lost $4.271T in the past day. To reach the $10 target from its current value, it would need to grow by 1904%. Other market observers also believe that XRP could hit its $10 target in this bull run, although most are not basing their faith on an XRP ETF.
As previously reported by The Crypto Basic, Bitcoin day trader Emily recently asserted that XRP hitting a price of $10 is inevitable, especially if Bitcoin hits $100,000. She and four other analysts cited historical chart patterns to express optimism that XRP is about to surge.
Likewise, Web3Alert founder Nick previously argued that XRP’s goal of reaching $10 is not an unrealistic outlook. According to him, a market cap of $550 billion to $1 trillion is not uncommon, especially considering the market caps of Bitcoin and Ethereum.
While the optimism remains, many continue to dismiss these bullish sentiments as illusions due to XRP’s poor performance during this bull run. Notably, XRP continues to trade below $1. Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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