Expert Predicts XRP’s Future Trajectory: From Short-Term Range Trade to Long-term Growth

XRP continues to be a focal point for investors amidst the ongoing legal proceedings with the SEC. Following recent gains, fueled by investor optimism surrounding the resolution of the case, Bitget chief analyst Ryan Lee presents his outlook on XRP’s price movements in the coming years. 🎧 Lee anticipates that if Ripple navigates regulatory hurdles and pursues an initial public offering (IPO), XRP could soar to a value of up to $10 by 2030. This prediction stems from an anticipated surge in institutional demand upon Ripple’s IPO, which Lee believes would create increased buying pressure on XRP. Despite the lack of clarity regarding a settlement agreement between the SEC and Ripple, Lee highlights that a definitive resolution could provide much-needed stability to XRP’s price trajectory. He acknowledges that the currency currently trades within a tight range between $2.35 and $2.55 in the short term, but anticipates a breakout, leading to either significant upward or downward movements. He sets his short-term targets for XRP at $2-$2.17 on the downside, and $2.65-$3.00 on the upside. Notably, Lee paints an even more optimistic picture in the long term: He predicts that by 2030, XRP could reach a value between $4.20 and $10. Despite a recent dip of 4.3% within the last 24 hours, XRP currently trades at $2.02. *Disclaimer: This is not investment advice.*