XRP Soars as SEC Lawsuit Ends, Eyes $10 by 2030

XRP has been riding a wave of optimism, with its price hovering at $2.45 and a market cap of $142.2 billion, bringing it closer to overtaking Tether (USDT) as the third-largest cryptocurrency by market capitalization, a gap of just $1.6 billion. This surge follows the U.S. Securities and Exchange Commission’s (SEC) decision to drop its long-standing lawsuit against Ripple Labs, which had been a significant overhang on the token’s price and adoption since 2020.

With this regulatory uncertainty lifted, XRP’s price has surged by 287% over the past year, outperforming 94% of the top 100 cryptocurrencies, and continues to trade above the 200-day moving average, signaling long-term strength.

The resolution of the SEC lawsuit marks a pivotal moment for XRP. Analyst Ryan Lee from Bitget noted that a breakout from its current $2.35–$2.55 range could spark significant moves in either direction. However, the upside potential appears substantial, with Lee forecasting that if XRP maintains its momentum above the $2.50 mark, it could reach long-term price targets as high as $10 by 2030.

Another analysts predict that XRP’s price could reach between $5 and $7 in the first half of 2025, driven by Ripple’s progress and favorable market conditions. However, some experts caution that XRP may experience a temporary drop to $1.54 before a significant rally, with potential to surpass $5 thereafter. Long-term projections are even more optimistic, with forecasts suggesting XRP could hit $50 by 2030 as global banks increasingly adopt Ripple’s On-Demand Liquidity (ODL) services.

These varying predictions underscore the inherent volatility and unpredictability of cryptocurrency markets, highlighting the importance of conducting thorough research and exercising caution when considering investments in XRP or any other digital asset.