XRP Analysts Predict Potential Price of $10 by 2030 After SEC Lawsuit Dismissal
XRP is experiencing bullish momentum following the U.S. SEC's dismissal of its lawsuit against Ripple Labs. Key points include:
- Analysts predict XRP could reach $10 by 2030 due to regulatory clarity, adoption of Ripple's RLUSD stablecoin, and a potential IPO.
- Bitget's Ryan Lee highlighted a critical trading range of $2.35 to $2.55, with possible short-term price targets between $2.00-$2.17 on the downside and $2.65-$3.00 on the upside.
- Long-term forecasts suggest a range of $4.20-$10+ by 2030 if Ripple successfully capitalizes on payment adoption.
- $2.50 is noted as a pivotal level for future breakouts or breakdowns.
- Medium-term projections are $1.50-$5.89, influenced by the SEC's retreat and potential XRP ETF approvals.
- Current technical indicators show consolidation, with a neutral RSI and bearish MACD.
- Lesser volatility in XRP’s price suggests bullish sentiment, though external factors could impact momentum.
- IPO discussions by CEO Garlinghouse add to optimistic positioning for XRP.