XRP continues to generate buzz, with analysts predicting substantial price growth as Ripple moves closer to resolving its long-standing legal battle with the U.S. SEC.
According to Ryan Lee, Chief Analyst at Bitget, XRP could surge to $10 by 2030 if Ripple can capitalize on key opportunities, including regulatory clarity and the possibility of an IPO.
Ripple’s SEC Lawsuit Resolution: A Game Changer for XRP
The long-running legal dispute between Ripple and the SEC has been a significant hurdle for XRP. However, recent developments suggest the case is nearing its conclusion, which has sparked optimism among XRP enthusiasts and investors.
Last month, Ripple announced that the SEC would no longer pursue an appeal in the case. However, an official notification of a settlement has yet to emerge, as both parties are still negotiating the terms.
Meanwhile, the resolution of the lawsuit would give XRP a new sense of direction. Particularly, it would allow Ripple to focus on its business operations without the shadow of regulatory uncertainty. In this context, Bitget’s Ryan Lee shared his analysis of XRP’s potential price trajectory following the legal resolution.
Ryan Lee’s Short-Term and Long-Term XRP Price Predictions
Lee acknowledged that XRP largely trades between $2.35 and $2.55 in the short term. He suggests that a breakout from this range could lead to substantial price movements in either direction. Short-term targets range from $2.00 to $2.17 on the downside and $2.65 to $3.00 on the upside.
However, Lee’s long-term forecast is even more bullish. He predicts that XRP could reach anywhere between $4.20 and $10, but he expects this to materialize by 2030.
This prediction hinges on Ripple successfully leveraging payment adoption, building stronger partnerships, and its RLUSD stablecoin adoption. The potential surge also heavily depends on the continued regulatory clarity Ripple will likely enjoy following the SEC case resolution.
Ripple Labs IPO: Additional Bullish Catalysts for XRP
Another key factor that could drive XRP’s price to new heights is the possibility of a Ripple IPO. CEO Brad Garlinghouse recently mentioned that an IPO for Ripple was “possible,” which has further fueled optimism among investors.
If Ripple goes public, it could increase its exposure to institutional investors, thereby creating additional demand for XRP. Some community pundits, like Ben Armstrong, have suggested that XRP’s price could rally to $25 on Ripple’s IPO.
Leave a Reply