TL;DR

Analysts predict XRP could rise to a new all-time high if key support levels hold, with possible pullbacks to $2.80 or $2.50 seen as buying opportunities. A favorable resolution in the Ripple v. SEC case and the potential approval of an XRP ETF in the U.S. could drive the assets price higher, with optimism fueled by the changes in the SEC leadership.

Is $10 Possible?

Ripples XRP has been flying high ever since Donald Trumps victory in the US presidential elections. Prior to the vote, the assets price hovered around $0.50, but currently, it is worth $3.20 (per CoinGeckos data). This represents a whopping 540% increase, with many analysts expecting further gains in the following months. 

XRP Price, Source: CoinGecko One of the people touching upon the matter is the popular X user Michael van de Poppe. He told his over 750,000 followers on the social media platform that a potential price plunge to $2.80 might serve as an optimal entry point. He also claimed that an eventual rise to $10 per coin is not out of the question. 

EGRAG CRYPTO chipped in, too. The analyst envisioned a possible retest of $2.83 and a drop to $2.50, which is normal. In general, though, the trader remains bullish, predicting the price to reach new dimensions if it breaks above $3.40. 

Recall that XRP almost hit that target on January 16. As CryptoPotato reported, it spiked to as high as $3.39, standing just 1% away from its all-time high registered at the beginning of 2018. 

The Bulls Are Waiting for These Developments

One of the most important factors that could positively impact the price of XRP is the final resolution of the Ripple v. SEC lawsuit (assuming it benefits the firm). Just a few days ago, the agencys former Chairman, Gary Gensler (considered a huge enemy of the digital asset sector), resigned and was succeeded by the pro-crypto Mark Uyeda. 

This has infused enthusiasm across the XRP Army that the case might conclude with a favorable resolution for Ripple soon. The popular American lawyer John Deaton also shares that thesis. 

He claimed there are three possible scenarios for the case after Genslers departure. The most likely includes dismissing the SECs appeal of the 2023 verdict set by Judge Analisa Torres. Back then, the magistrate ruled that XRP sales on public exchanges to retail investors did not constitute securities transactions.

However, Deaton thinks Ripple will have to pay the previously ordered $125 million penalty for violating certain rules. The fine shouldnt be a problem for the company since some execs already promised to abide by the rules. It also represents just a fraction of the $2 billion the securities regulator initially requested. 

The potential launch of an XRP ETF in the United States may also trigger upward pressure on the price of the underlying asset. A few weeks ago, Monica Long (Ripples president) said that such a product was likely to be next in line. According to Polymarket, there is a 64% chance that the investment vehicle will see the light of day before the end of 2025.