Ripple (XRP) on the way to new heights: price target of 10 US dollars by 2030 and short-term profits of 23 percent in sight!

Ripple (XRP) on the way to new heights: price target of 10 US dollars by 2030 and short-term profits of 23 percent in sight!

Ripple (XRP): Analysts expect price to rise to $10 by 2030

The future of the cryptocurrency XRP looks promising, as recent analyzes show. Ryan Lee, Bitget's chief analyst, predicts a price target of $10 by 2030. This would represent an impressive 310 percent increase compared to the current market value of $2.44.

Positive regulatory developments driving XRP

A key factor contributing to this optimistic forecast is the US Securities and Exchange Commission's lifting of its lawsuit against Ripple Labs Inc., the issuer of the XRP token. This regulatory clarity minimizes the risks that had previously weighed on the coin. In addition, the chances of the first XRP ETF being approved increase, which could have a further positive impact on the price.

These regulatory changes are driving interest in XRP among institutional investors, who can potentially benefit from the low fees and fast processing of cross-border payments.

Price analyst Dark Defender also highlights the $10 price target and expects this target to potentially be achieved even in the current bull market.

Short-term price gains of up to 23 percent possible

In addition to the long-term prospects, there are also positive short-term trends. Ryan Lee reports that XRP has the potential for a price increase of up to 23 percent. If the coin manages to break through the resistance at $2.55, prices could rise to as high as $3.00. XRP currently only needs a price gain of 4.50 percent.

However, in a pessimistic scenario, price losses of up to 18 percent could occur, which could potentially push the price down to $2.00. The possible establishment of XRP ETFs, which, according to experts, could be launched on the market soon, also plays a crucial role.

Ripple IPO: A possible IPO in the future?

The positive development of the regulatory landscape and the end of the legal dispute with the SEC opens up the possibility of an initial public offering (IPO) for Ripple. Ripple CEO Brad Garlinghouse recently hinted that an IPO could be considered.

However, he stressed that the company is not currently prioritizing an IPO as it has sufficient capital to grow organically and look for acquisitions. For the time being, Ripple is pursuing the strategy of taking over other cryptocurrency companies rather than going public itself.

Overall, the developments surrounding XRP and Ripple seem promising, and analysts see potential for significant price gains in both the long term and short term.