A market commentator recently highlighted ten reasons he believes XRP could be on its way to the ambitious $10 mark.
Edoardo Farina, CEO of Alpha Lions Academy and Head of Social Adoption at XRPHealthcare, presented arguments supporting the audacious price goal days after XRP reclaimed the $1 level. The recent uptrend has reignited bullish sentiments around the altcoin.
XRP, which has maintained its position above $1, would require an 809% increase to hit $10. Despite the massive growth necessary for this target, Farina believes it is feasible but speculative, citing ten factors that could catalyze it.
SEC Lawsuit Resolution and Regulatory Clarity
One reason for Farina’s bullish stance on XRP is the anticipated conclusion of its prolonged legal battle with the U.S. SEC. Although the SEC has taken the case to appeal, speculations suggest a settlement could occur once a more pro-crypto candidate replaces Gary Gensler as SEC Chair.
Notably, the Donald Trump transition team is already considering crypto-friendly individuals such as Teresa Guillen. Farina believes if the lawsuit ends, it could release suppressed market potential for XRP, leading to price growth.
Moreover, his second reason is that XRP now holds a unique position as the only cryptocurrency with regulatory clarity in the U.S., paving the way for broader institutional adoption. Recall that Judge Analisa Torres ruled last July that XRP is not a security.
Ripple’s RLUSD Stablecoin
For his third reason, Farina highlighted the XRP Ledger’s role in supporting the issuance of Ripple’s native stablecoin, RLUSD.
Ripple has confirmed that it will launch the stablecoin on the XRPL and Ethereum. Notably, the stablecoin is operationally ready, with Ripple now awaiting regulatory clearance before launch. The firm has confirmed that RLUSD will complement XRP.
Pro-Crypto Policies and Gensler’s Resignation
As pro-crypto Donald Trump looks to assume office in January 2025, Farina believes this is the fourth factor that could help XRP’s prospects.
Farina drew attention to past interactions between Ripple executives and influential policymakers, suggesting a favorable regulatory environment under pro-crypto leadership.
This optimism extends to the potential resignation of current SEC Chair Gary Gensler. For his fifth reason, Farina suggests that if Trump fires Gensler or he resigns, the introduction of a pro-crypto SEC Chairperson could bolster XRP’s chances of reaching $10.
XRPL Technological Superiority
Farina describes XRP as a technological marvel, noting that this is the sixth reason he believes it could reach $10. He dubbed XRP “Bitcoin 2.0,” suggesting it is an updated and better version of Bitcoin.
Its ability to settle transactions in under three seconds at negligible fees sets it apart from competitors like Bitcoin, Ethereum, and Solana. This makes XRP a contender for real-world financial applications, which could boost its chances of hitting $10.
The Ripple Effect of ETFs
Farina pointed to the potential launch of XRP ETFs as the seventh factor that could help XRP hit $10. He expects a surge in XRP ETFs by 2025 from growing institutional interest.
Notably, asset managers Bitwise, Canary Capital, and 21Shares have already filed to launch XRP ETFs. Grayscale is also looking to convert its multi-asset fund, which contains XRP, to an ETF. This institutional FOMO could lead financial entities to add XRP to their portfolios.
Ripple IPO and Global Financial Integration
Farina highlighted Ripple’s anticipated initial public offering (IPO) as the eighth reason. Public listing could boost Ripple’s visibility, drawing more investors into the XRP ecosystem. While Ripple CEO previously dismissed the idea of a US IPO, the emergence of the Trump administration could change this course.
Meanwhile, for the ninth reason, Farina noted that Ripple’s goal to replace traditional Nostro-Vostro accounts could present XRP as a global reserve currency. Central banks adopting XRP for their reserves would reduce circulating supply, driving up demand.
Potential Collaboration with Elon Musk’s X
Farina speculates on a potential partnership between Ripple and Elon Musk’s X platform as the tenth factor that could help XRP reach $10. Musk’s vision to transform X into a payments hub syncs with XRP’s capabilities for fast and low-cost cross-border transactions.
If XRP integrates into X’s ecosystem, it could revolutionize creator payouts and propel the asset’s price overnight. However, such a partnership remains highly speculative as of press time.
Read the full article here
