Analyst: XRP Could Hit $10 By 2030 As Ripple Ends SEC Case
Bitget's Ryan Lee pointed out that a breakout from $2.35 to $2.55 could cause significant swings in either direction.
Shaurya Malwa | Edited by Parikshit Mishra on 24 Mar 2025 5:03 UTC
What you need to know:
- The SEC's withdrawal of its lawsuit against Ripple Labs has created positive expectations for XRP.
- Experts suggest that the price of XRP could rise to $10 by 2030 thanks to regulatory clarity and the adoption of Ripple RLUSD.
- Ripple Labs IPO talks are gaining momentum, adding to the bullish case.
XRP is gaining popularity among bulls after the US Securities and Exchange Commission (SEC) dropped its long-running lawsuit against Ripple Labs last week, marking a major development for the token.
The move has sparked optimism among XRP watchers, with analysts predicting a potential rise to $10 by 2030, fueled by regulatory clarity, the introduction of Ripple's RLUSD stablecoin, and the possibility of a Ripple Labs IPO.
Bitget's Ryan Lee noted that a move outside the current $2.35 to $2.55 range could result in significant moves in either direction.
“Short-term price targets range from $2.00 to $2.17 on the downside and $2.65 to $3.00 on the upside,” Lee said, adding, “Long-term forecasts suggest the price could be $4.20 to $10+ by 2030 if Ripple takes advantage of payment adoption opportunities, although $2.50 remains a key level to watch for the next breakout or dip.”
He explained the medium-term range of $1.50 to $5.89 as a possible effect of the SEC withdrawal and potential approval of the XRP ETF, although technical indicators such as the neutral RSI and bearish MACD point to consolidation.
RSI, or relative strength index, is a momentum indicator that measures the speed and change of price movement on a scale of 0 to 100, signaling overbought (above 70) or oversold (below 30) conditions.
MACD, or Moving Average Convergence Divergence, is a trend indicator that shows the relationship between two moving averages of prices, with crossovers of its signal lines indicating bullish or bearish changes in momentum.
Nick Ruck, director of LVRG Research, added that the relatively low volatility of XRP's price action is another indicator that sentiment is leaning toward a bullish trend: “XRP has performed well amid the recent crypto sell-off and has potential for further gains, although momentum could be lost if U.S. macro factors and tariffs negatively impact the sector.”
The forecasts come amid growing talk of an IPO, which Garlinghouse called “possible” in an interview last week, adding further signals for a bullish stance.
