Crypto influencer Ben Armstrong, known as Bitboy, recently disputed criticisms about fading momentum of XRP after it lost over $5 billion in market capitalization. This came after Armstrong’s precise prediction of a post-lawsuit surge and dip played out.
Bitboy highlighted that he had forecast a 2-3X price spike followed by a drop and gradual recovery once the Ripple lawsuit concluded. He attributed the conservative outlook to limited mainstream awareness of the case.
As predicted, XRP doubled within a day before retreating. Bitboy criticized those who expected immediate record highs, noting the recent gains were mainly from existing holders and new exchange buyers rather than an influx of mainstream investors.
Despite lingering legal questions, Bitboy maintained that regulatory clarity fundamentally altered XRP’s state positively. He remained confident in XRP reaching $20 next bull cycle.
“The average person out there, the mainstream audience that we rely on, they weren’t even aware that there was a lawsuit,” Armstrong said, defending his analysis.
With XRP having lost over $5 billion in market cap amid stagnant crypto markets, Bitboy urged patience, insisting the developments were still game-changing for its long-term outlook.
