Ripple investors and people looking to invest in XRP are concerned about whether Ripple will reach the $10 target. According to experts with reliable levels of experience as crypto analysts, the idea that Ripple XRP will reach the $10 target can turn out to be a reality.
Long-term Ripple price prediction indicates that the value of Ripple (XRP) will maintain an upward trend and can even cross the $10 mark price. PrimeXBT has predicted Ripple to hit the $12 level and even go past it to attain a prospective high of $50.
XRP by Ripple stands among the world's leading cryptocurrencies and is renowned for being the most interesting crypto. Unlike Bitcoin, Ethereum, and other industry giants, XRP does not advertise itself with its characteristic decentralization. On the contrary, it maintains a close association with multiple banks, financial institutions, and investment corporations across the globe.
While this appears pointless, especially when other players in the industry believe that the most lucrative selling point for crypto is their independence from influence by external organizations, XRP holds fast to its own beliefs. Nonetheless, the debates between experts in the crypto space continue to grow on whether XRP's mode of operation is the key to its success and perhaps the enabler for reaching its $10 target soon.
What's New In The Ripple Rally
In analyzing the future price action of Ripple XRP, it is important that you first take into account the fact that this particular crypto has witnessed what appears to have been the most disturbing experience or flow within the crypto space. Other than the normal turbulence characteristic of this environment, Ripple XRP was also victimized by the SEC financial regulators on the charges that they were a security.
The case led the two sides to court. The founders of Ripple XRP were accused of selling unregistered securities illegally in 2013. There was, however, an interesting turn of events in June when Ripple XRP response to the court propelled the company to win on two different discovery rulings. This makes the minor victories in the battle between them and SEC a positive indication for the crypto's potential and something exciting for the markets.
Because of market excitement, Ripple XRP has been able to get back much of the losses it endured during the beginning of the year. In addition, crypto has also been able to go up by at least 300% on a scale of one year to this day.
Witnessing the recovery reinforces the beliefs and hopes that the coin will reach and surpass the set target after the volatilities and market turn.
Multiple factors determine the future price action that Ripple XRP will take. First, the market forces are due to demand and supply. In this regard, it may be difficult to tell whether Ripple will ever attain the $10 level as this outcome is entirely dependent on whether the crypto wins its case with the Securities and Exchanges Commission.
To this end, there are certain analysts, including the ones at Coinpedia, who is the opinion that while Ripple XRP will attain the $10 price action, this will only be possible in a span of between 5 and 10 years, thus 2025 to 2030, but this also depends on whether they will come out victorious after the SEC case.
Read Also: How Much Will XRP Be Worth In The Next 5 Years?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple Price Analysis
Ripple XRP has designed a niche for itself within the crypto space and now stands among the most popular cryptos. Based on this popularity, there exists a clear chance that the value of this crypto would far exceed the $10 level if the SEC lawsuit had not been there.
The belief that Ripple XRP would have attained the $10 level by now is supported by the evidence that 2021 marked a period when its peers were able to double the market highs they manifested in 2017 and 2018.
As it stands, Ripple XRP is faster crypto with a very scalable characteristic compared to other players in the crypto space. With this property, there may not be any way to tell the extent to which the crypto market run that has just ended would have propelled XRP had it not been set back by the lawsuit from SEC.
Indeed, Ripple can reach the $10 level and even achieve a higher valuation before the year comes to an end. Many factors would support this goal, including its characteristic scalability, the fact that its transactions have a speedy processing, and the fees are lower than other cryptos.
Nonetheless, the main influencers that determine whether Ripple XRP will attain the set target will be the results of the SEC lawsuit and the current market conditions within the crypto space. Experts in the crypto space believe that the court ruling in favour of the Ripple will influence a market recovery and will certainly raise XRP trades past the $10 target. The reverse is true.
Some analysts believe in the extremely bullish predictions about the price action of XRP. According to them, past 2021, Ripple has a strong chance at raising its market price and even surpassing it many times over by 2025 to reach $50.
Despite the positive expectations, there are still those who are not optimistic about Ripple XRP future price action. Some Ripple price prediction shows that by the time the year is ending, Ripple will be priced at $1.09. This is a very small margin, given that XRP is at $0.74 and strong market bulls are yet to kick in. If bulls are at their strongest, this level will be surpassed by year-end.
Although a tall order, the rush towards hitting the price target level, therefore, stands possible. Ripple investors and experts in the crypto space who believe that Ripple XRP will reach the $10 price target also support that it may take some time and a significant amount of effort.
To begin with, the crypto must beat the Securities and Exchange Commission case so that all uncertainties that traders and investors have about the future of XRP are cleared.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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