Ben, from BitBoy Crypto, discussed the potential XRP profits and offered a game plan going forward after the case is over. He expects the case to end in early summer, with the relisting on all exchanges taking a few weeks. Ben anticipates two booms, the first being 24-48 hours after the case is over and the second being after the relisting on all exchanges. He suggests taking profits at these points, although it does not necessarily mean you do not believe in the coin long-term. Ben expects the price to potentially 2-3X on the relisting to about $1, dropping to around 75-80 cents before the second boom. The target he is looking at for the second boom is $1.50.
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My name is Ben. Guys, I want to talk to you about XRP profits and what a good game plan is going to be going forward once the case is over and things like that. But before we do that, I’ll show you guys our new BitLab Academy studio. You guys can look for videos coming here very soon. Look at that. Amazing! Shout-out to Kelly. Shout-out to Bobby. That’s all they get. That’s all the screen time they get because this is my video.
XRP Profits and Gameplan After Case is Over
Guys, look. So everybody wants to know, what are we going to do when XRP, when the settlement comes or when the case is over? And a lot of people were talking about, “When do you take profits?” This is a very popular question that people have been asking me.
And I’m going to give you kind of my game plan for what I would do if I was in your position. We own a lot of XRP. And it’s a lot to sell it. So we’re probably just going to hold because we’re really counting on the bull run. And most of our XRP, we bought around, I think, 45¢, 50¢, about where it is right now.
So the whole idea is, when the case is over, what is going to happen to the price? So we have to start there, and then work backwards to what you should do. So when it comes to the case, once this is over, let me tell you what I expect. Now, I expect it to happen probably about the middle of next year. It could be Quarter 1. It could be Quarter 2. I’m expecting sometime early, early, early summer.
Well, May technically isn’t summer. You guys know if you’re in the south, May is summer, right? Am I right? I know it doesn’t start until the middle of June or the back half of June. But, you know, May certainly feels like summer to me.
Two Booms to Look For
Sometime around May or June is when I expect this to be over. And then sometime in June as well or July, I expect all the exchanges start relisting. You’re going to look for two booms, okay? You’re going to get a boom when the case is over
Because, all of a sudden, people are going to start piling in, and the price is going to shoot straight up. I would say within 24 hours, 24-48 hours, depending on where you got in at, you’re going to want to take profits. Period. Okay?
Now, taking profits does not mean you don’t believe in something in the long term. It means you would rather compound your gains and be able to accumulate more with those gains than you have now. That’s really what it is, whether it’s getting into the same coin or not.
So when it comes to the second boom, what we expect, the second boom will be the Coinbase relisting. Once it gets relisted in the United States, at Coinbase, and, of course, we could probably expect to see it, you know, Binance US,
If you’re a communist and you still use FTX US, then, you know, you can do that there, but we expect it to be on almost all American exchanges probably within a couple of weeks. It’s not going to happen instantly.
Now, we do know Coinbase last year was testing what would happen if they relisted it. They made a mistake, and people could actually see XRP as a purchasable asset on Coinbase for a small period of time. Maybe six months ago. That was them testing. So they might have a switch.
As soon as it’s over, boom, it happens. Now, of course, Coinbase with their amicus curiae brief on behalf of the people– or on behalf of Ripple– excuse– excuse me, on behalf of Coinbase to stand with Ripple, then what you see is that.
Ripple Price Expectations
Basically the long and short of it is they might have insider info now. I don’t know if that’s true or not. I doubt it, but they might. So they could hit the switch. Once it gets relisted, once again, 24-48 hours, We are going to look for that to be a time to take profits. Now, where should you be taking profits? And how high do we expect this price to go?
Well, when you look at the price right now, and I think it’s about 45¢ or so, Guys, I expect the price to 2-3X probably pretty quickly. On the relisting. Probably at least 2X on the day the case is over. So if it’s at 50¢ the day the case is over, which is definitely a potential, you could look for it to go at about $1.
And then, of course, it’ll probably come back down to about 75¢, maybe 80¢. I think 70¢ is a very strong support, so we’ll just say 70¢. Then when you get the relisting on all the exchanges, you’re going to expect to see another boom.
It could potentially go back up to $1.50. That’s kind of the target I’m looking for, is $1.50. It may surprise me and go a lot more than that, but it just depends on where you got in. I mean, if most of your purchases were done above $1,
You know what? I don’t know if taking profits is the best thing, unless it goes well above $1.50. If you got in near the lows, 30¢, somewhere around there, shoot, take profits at $1. Take it at $1.50. Take it where you can get it.
XRP Pullbacks and Bull Run
Because, look, guys. People, I know, XRP Army. I love you all. You all are great. You all are best community out there, you and the Cardano community. But I know how you guys think.
You think sometimes it just goes straight up in an upward line. That’s not the way this is going to work. We’re going to see pullbacks. It’s a bear market. This is– the true power of Ripple and XRP, the value of the coin is going to be seen in the bull run.
Because there’s more liquidity and less hesitation from people because they know it’s not a security. So the whole idea is, we’re going to see two separate rallies for this, but they will both come back down. I think Ripple has a strong chance of sitting at around $1.
For most of the year following the case being over. So that’s something to watch for. But if you got around 30¢, take profits on those booms. It’s going to retrace. It’s obvious that that’s going to happen. Now, if– we do have one scenario to think about.
Most Bullish Scenario
If we do get the 24-hour boom after the case is over, and then we get an additional boom immediately or almost in the midst of it because Coinbase has a switch and they just turn it on, then, yeah, we’ll probably only have one giant run up.
And if those two things happen together, and let’s say Ripple announces an IPO the next day, you could see the price go maybe up to $2. Now, look. Don’t quote me on that. I’m not guaranteeing that’s going to happen.
That’s kind of the bullish scenario, the most bullish scenario I could see. It could go up to $2 and then maybe recover around $1.25, $1.50 instead. These are targets that we’re looking at. These are numbers that we’re looking at. I want to know, what numbers are you looking at?
What is your plan for taking profits with XRP? Drop those down below in the chat. That’s all I got. Be blessed. BitBoy out. You guys like our new studio? Pretty cool, huh?