XRP is experiencing a surge in bullish interest following the U.S. Securities and Exchange Commission’s (SEC) decision to dismiss its longstanding lawsuit against Ripple Labs last week, signifying a pivotal change for the token.
This development has ignited optimism among XRP enthusiasts, with analysts forecasting a possible ascent to $10 by 2030, fueled by clearer regulations, the uptake of Ripple’s RLUSD stablecoin, and the potential for a Ripple Labs initial public offering (IPO).
Ryan Lee from Bitget highlighted that a breakout beyond the current trading range of $2.35 to $2.55 could result in substantial price movements in either direction.
“Short-term price targets are set from $2.00-$2.17 on the lower end to $2.65-$3.00 on the higher end,” Lee remarked, adding, “Long-term predictions indicate $4.20-$10+ by 2030 if Ripple successfully promotes payment adoption, while $2.50 remains a crucial level to monitor for the next significant move.”
He associated the medium-term range of $1.50-$5.89 with the SEC’s retreat and the expected approvals for XRP ETFs, although current technical indicators such as a neutral RSI and bearish MACD point toward a period of consolidation.
The RSI, or relative strength index, is a momentum measurement tool assessing the speed and variation of price changes on a 0 to 100 scale, indicating conditions that are overbought (above 70) or oversold (below 30).
Meanwhile, MACD, or moving average convergence divergence, serves as a trend-following tool illustrating the relationship between two moving averages of a price, where crossover points of the signal line denote shifts between bullish and bearish momentum.
Nick Ruck, director at LVRG Research, commented that the relatively low volatility in XRP’s price movements is an additional indicator of a bullish sentiment, stating, “XRP has performed resiliently during the recent crypto market selloff and has potential for further upward movement, though momentum could wane if U.S. macroeconomic conditions and tariffs impact the sector.”
These forecasts emerge amid growing discussions about a possible IPO, which Garlinghouse described as “feasible” in a Wednesday interview last week, giving further signals for optimistic positioning.