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Ripple (XRP) Eyeing Price Above $10 in 2025, Here’s How

July 11, 2024
in Altcoin3
Reading Time: 4 mins read
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Ripple (XRP) Eyeing Price Above $10 in 2025, Here’s How
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As its ongoing lawsuit with the US Securities and Exchange Commission (SEC) is approaching a conclusion, Ripple (XRP) is eyeing a price above $10 in 2025. Attorney Fred Rispoli took to X (formerly Twitter) to predict the lawsuit will likely end in July.

That would have a massive impact on XRP. With its current trajectory, there are many who expect a double-digit surge in the coming year. Specifically, one key analyst has noted that its impending rally could have it challenging the $20 price point after the lawsuit ends.

Ripple
Source – CryptoTicker

Also Read: Ripple XRP Recognition: A Deep Dive into Its Impact on DeFi

XRP Could be on its Way to $17 After SEC Lawsuit Ends

Noted cryptocurrency analyst EGRAG Crypto shared a Ripple (XRP) price prediction that saw the token surpass the $10 price point in 2025. Indeed, he noted that a Bent Fork pattern backed his rather ambitious prediction. That performance may hinder the SEC lawsuit.

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The lawsuit has been immensely important to crypto. It has represented a key point of contention: the security status of digital assets. Although XRP was ruled as a non-security in second-hand sales, that hasn’t assured Ripple’s victory in the massive legal battle.

According to Rispoli, the lawsuit could end as early as July 13th. Alternatively, he predicted that it would continue, reaching a final judgment on July 31st. Still, these predictions are much sooner than Ripple CEO Brad Garlinghouse, who expected the lawsuit to last until the end of Summer. Specifically, around August or July.

Ripple (XRP)Ripple (XRP)
Source: Watcher.Guru

Also Read: Ripple XRP Mid-July Price Prediction

Data is supporting a bullish trajectory for the token. On July 10th, more than 27,000 addresses were active on the XRP Ledger, according to Santiment. That is further evidence that XRP could be set to enjoy bullish movements serviced from increased demand and importance to the overall sector.

XRP is currently up almost 2%, trading at $0.44 according to CoinMarketCap. It has also limited its losses, only dropping 7% over the last 30 days. As the crypto market keeps turning upward, XRP could massively benefit. Especially if the stars align in the form of an SEC ruling in the next several weeks. Altogether, it would fortify the projection that sees a $10 XRP next year.

Credit: Source link

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