Top Analyst Says XRP to $7, Solana to $1,000 in 2024: Here’s Why

• Ben Armstrong believes that XRP will skyrocket to $7, marking a 1,029% gain.
• The foundation of the $7 XRP forecast rests on outlooks of XRP ETF and Ripple IPO.
• In contrast, he argued that Solana (SOL) will hit $1,000 in 2024.

In a recent YouTube analysis, a popular crypto influencer Ben Armstrong shared his bullish predictions for XRP and Solana, forecasting significant price surges for the new year. Armstrong believes that XRP will skyrocket to $7 soon, while Solana (SOL) will hit $1,000 this year.

Armstrong emphasized that the predicted values for XRP and SOL are not the peak for either cryptocurrency, noting they could outperform the forecasted numbers. Moreover, in an attempt to clarify the foundation of the $7 and $1k outlooks for the two assets, he drew attention to the relatively close multiplier factors. 

In particular, Armstrong pointed out that with XRP currently priced at around $0.61, its journey to $7 represents an approximately 11x to 12x increase. This is specifically a 1,029% growth rate from the present market value. Similarly, the analyst noted that Solana’s trajectory to $1,000 from its $101 necessitates a comparable ten times price gr…

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