Ripple’s native token XRP is currently hovering around the $2.45 mark on Wednesday. The leading altcoin has had a solid year as it surged nearly 280%. It is among the top-performing cryptocurrencies in the market going from a low of $0.50 to a high of $3.20. Several developments pushed its price to the top and the latest being the SEC dropping the lawsuit against Ripple Labs has made it turn bullish.
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Ripple 2030 Price Prediction: XRP to $10?
XRP is now free from legal battles, as the SEC dropped all charges, officially ending the lawsuit. The resolution has ignited major optimism in Ripple’s token, which could drive prices higher. Ryan Lee, a leading financial analyst at Bitget, wrote in a recent note that Ripple’s XRP has the potential to reach $10 by 2030.
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He forecasted that Ripple’s native token could move around the $2.35–$2.55 range and eventually break out in the indices. The analyst wrote that XRP has major upside potential that could make prices skyrocket in five years. “Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” he wrote.
Coming to the long-term price prediction, Lee forecasted that Ripple’s XRP could first hit the $4.20 mark. Once it holds on to its resistance level, the altcoin could head north and breach the $10 level. “Long-term forecasts suggest $4.20-$10+ by 2030 if Ripple capitalizes on payment adoption, though $2.50 remains a pivotal level to watch for the next breakout or breakdown.”
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However, he stressed that Ripple needs to push through payment adoptions for XRP to hit the $10 price range. The Ripple Foundation has extended its payment solutions to leading banks and foreign transactions across the world. Further extension of its blockchain-based payment services will only strengthen the price of its native cryptocurrency.
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