XRP Surge Ahead: Will It Hit $10 After SEC Victory?

XRP’s Bullish Momentum: Key Takeaways

XRP Surges Amid Market Rally

XRP is experiencing renewed bullish momentum, currently trading around $2.46. This reflects a 5% increase over the past week and a 3% rise in the last 24 hours. The token has rebounded by over 30% from its March 11 low of $1.89, coinciding with the broader crypto market’s upward trend.

The rally follows Bitcoin’s surge past the $86,000 mark, which has significantly improved investor sentiment across the market. Major altcoins like Ethereum, Solana, and Dogecoin have also recorded impressive gains. The global cryptocurrency market capitalization has risen by 3% to reach $2.84 trillion, enhancing the optimistic outlook.

Ripple’s Legal Victory Fuels Optimism

A significant factor driving XRP’s price increase is the favorable outcome of the Ripple vs. SEC lawsuit. Ripple CEO Brad Garlinghouse confirmed that the SEC has officially dropped its appeal, concluding the lengthy legal battle. This resolution eliminates a major regulatory obstacle that has long overshadowed XRP’s adoption and price potential.

With regulatory clarity now established, XRP is positioned for broader institutional adoption. Additionally, the possibility of a spot ETF approval looms, adding to the bullish sentiment surrounding the token.

Technical Indicators Confirm Strength

XRP’s price action on the charts supports the ongoing rally. The token has successfully flipped its 50-day Simple Moving Average (SMA) at $2.52 into a support level. Key resistance points are identified at $2.80, $3.00, and a critical barrier at $3.20.

The Relative Strength Index (RSI) has moved into bullish territory at 52, suggesting further upside potential. Market analysts are closely watching the $2.22 and $2.50 levels as critical markers for sustained momentum.

Could XRP Reach $10?

Long-term projections for XRP remain optimistic. Some analysts predict that the token could reach $10 by 2030, driven by developments such as Ripple’s RLUSD stablecoin and ongoing speculation about a potential Ripple IPO.

However, caution remains as analysts note that XRP has several price gaps between $1.71 and $0.64. This indicates that pullbacks could occur before a sustained upward rally is achieved.

Final Thoughts

XRP’s bullish momentum is underpinned by favorable market conditions, legal clarity, and promising technical indicators. While short-term volatility is likely to persist, the long-term outlook for XRP continues to strengthen.