By Michael Scott
The market analyst highlights ten reasons that could drive XRP to realize an ambitious $10 price.
Recent insights by Alpha Lions Academy chief executive Edoardo Farina reignite the bullish sentiments to suggest that XRP will scale double-digit prices. The support for the ambitious price objective emerges as XRP reclaimed $1.50 and edges closer to $2.
The chart indicates the XRP is still up 146.0% over the past 14 days to sustain a price above $1. For context, XRP attaining $10 would involve 800% growth. Farina acknowledges that though the XRP requires massive growth for the target, several factors make it feasible.
Regulatory Clarity and SEC Lawsuit Termination
Farina cites the bullish outlook anticipating the US Security and Exchange Commission (SEC) will conclude the prolonged legal tussle it levelled against Ripple. The market analyst considers a settlement likely if a more-crypto candidate succeeds Gary Gensler, who announces his exit.
As Donald Trump considers crypto-friendly figures in his administration, such could change the fortune of the digital assets team. Farina considers the lawsuit conclusion a huge relief for XRP, whose market potential is suppressed by the multi-year-long litigation process.
Farina considers the conclusion could deliver another reason for XRP becoming the only crypto with regulatory clarity in the US. The executive considers that clarity could pave the route for increased institutional adoption.
Ripple Unveiling RLUSD Stablecoin
Farina spotlights the XRP Ledge’s role in facilitating the issuance of RLUSD stablecoin. Besides, the native stablecoin has also launched on the Ethereum network and XRPL.
Farina explains that the stablecoin is confirmed as operational ready, with Ripple eyeing regulatory clearance. Also, the firm hinted that RLUSD is complementary to XRP.
Gensler Exit Amid Pro-Crypto Leadership
The re-election of Donald Trump constitutes a critical factor that Farina believes will propel XRP prospects. The Grand Old Party (GOP) candidate assumed office in January, a day that Gensler confirmed to exit from the SEC chair role.
The market commentator recounted the previous interactions that Ripple executives and policymakers could result in a favourable regulatory environment. He adds that the introduction of a pro-crypto chair will bolster the XRP path to $10.
Superior XRPL Technological
Farina considers XRP harbours the technological marvel traits a reason that could catapult it to the $10 price level. It represents an updated version of Bitcoin, thereby dubbing it Bitcoin 2.0.
Unlike rivals such as Solana, Ethereum, and Bitcoin, the executive observed the ability to settle transactions efficiently and cheaply. It transforms XRP as a real contender for established real-world financial apps, boosting its potential to climb to $10.
Potential Ripple from ETFs Approval
Farina emphasizes that unveiling XRP exchange-traded funds (ETFs) is among the key factors in accelerating the uptick to the $10 mark. He forecasts growing institutional interest to spark more bids for the XRP ETFs next year.
Several asset managers have expressed bids to unveil XRP ETFs, including Canary Capital, Bitwise, and 21Shares. Grayscale is joining the XRP ETFs applicants as it seeks to convert the multi-asset fund that features XRP. The institutional fear of missing out could spur entities into adding XRP to the existing portfolios.
Public Listing and Global Financial Integration
Farina anticipates that Ripple will conclude the initial public offering (IPO). The public listing will bolster Ripple’s visibility, thereby attracting additional investors into the XRP ecosystem.
The re-election of Trump could alter the stance on US IPO that Ripple Labs had dismissed.
Farina adds that Ripple could replace the Nostro-Vostro accounts, thereby presenting XRP with global reserve currency status.
Central banks adopting the XRP tokens for reserve would lower the circulating supply. Such development would fuel the demand needed to drive prices higher.
Integration with Elon Musk’s X
Farina believes that the potential partnership with the X platform could propel the XRP price to $10. Such a perspective arises from Musk’s vision to have X become a payments hub aligning with XRP’s fast and low-cost capabilities for cross-border transactions. Such an objective though speculative could propel XRP price to $10 overnight.
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