The price of XRP is rising on Monday, March 24, 2024, by almost 1%, testing the $2.47 level. This is a continuation of Sunday's movement, when XRP gained 3%. Since the March lows, when XRP temporarily dropped below the psychological level of $2, the cryptocurrency has already recovered 30% of its losses.

Investors are asking one burning question: Will XRP price reach $10? Recent developments, including the SEC dropping its lawsuit against Ripple Labs and growing adoption of Ripple’s RLUSD stablecoin, have fueled optimism. In this article, we’ll dive into the latest predictions, key factors influencing XRP’s price, and whether hitting $10 by 2030 is a realistic goal.

XRP Price Today Is Up

XRP is benefiting from positive sentiment in the cryptocurrency market at the beginning of the new week and is rising by 2.4% over the last 24 hours, according to CoinMarketCap data.

How does the technical situation look? My analysis shows that the XRP price is currently moving under an important resistance defined by a trendline drawn from December lows, which now acts as resistance and coincides with a local bearish defense level at $2.58 (highs from the second half of March and late 2024).

If buyers fail to overcome this level, I would expect a correction and retest of the psychological $2 level. However, a move above opens the path to test $2.83 (February highs) and ultimately this year's ATH around $3.35.

XRP’s Recent Surge: Why Is XRP Price Going Up Today?

XRP has been on a steady upward trajectory, bolstered by significant milestones. The most notable catalyst came last week when the U.S. Securities and Exchange Commission (SEC) officially dropped its long-standing lawsuit against Ripple Labs. This resolution has removed a major cloud of uncertainty that had loomed over XRP since December 2020, when the SEC accused Ripple of selling unregistered securities.

Analysts and investors alike view this as a game-changer. Bitget’s Ryan Lee, a prominent crypto analyst, highlighted that XRP could hit $10 by 2030, driven by this newfound regulatory clarity, the adoption of Ripple’s RLUSD stablecoin, and potential IPO chatter surrounding Ripple Labs. With a current market cap ranking XRP among the top cryptocurrencies, the token is showing signs of breaking out from its current trading range of $2.35 to $2.55.

Also significant is last week's news that Bitnomial is set to launch the first-ever Commodity Futures Trading Commission (CFTC)-regulated XRP futures in the United States following its decision to voluntarily dismiss a lawsuit against the Securities and Exchange Commission (SEC).

"Regarding XRP, the news is more evidence of the change in direction for the US administration," Paul Howard, Director at Wincent, comment for Finance Magnates. "It is largely expected news and we can expect more positive news and endorsements on this and others in the coming months that will push the US to being a global leader in digital assets."

Short-Term Outlook: Can XRP Break Key Resistance?

In the near term, Lee predicts XRP could fluctuate between $2.00-$2.17 on the downside and $2.65-$3.00 on the upside. The pivotal level to watch is $2.50, which could signal the next breakout or breakdown. Technical indicators like the Relative Strength Index (RSI) remain neutral, while the Moving Average Convergence Divergence (MACD) leans bearish, suggesting XRP may consolidate before its next big move.

Nick Ruck of LVRG Research adds that XRP’s relatively low volatility compared to other cryptocurrencies during recent market selloffs is a bullish sign. However, he cautions that broader U.S. macroeconomic factors, such as tariffs or economic disruptions, could dampen momentum.

“Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” Lee said. “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.”

XRP Price Prediction: $10 by 2030?

The $10 price target by 2030 isn’t just wishful thinking—it’s backed by several key drivers:

• Regulatory Clarity: The SEC’s retreat has opened the door for institutional adoption. With XRP no longer classified as a security for retail sales, financial institutions may feel more confident integrating Ripple’s technology.
• RLUSD Stablecoin Adoption: Ripple’s recently launched RLUSD stablecoin is gaining traction, enhancing the XRP Ledger’s utility. Partnerships like the one with BDACS in Korea signal growing institutional interest, which could boost XRP demand.
• Ripple Labs IPO Buzz: CEO Brad Garlinghouse hinted at a potential Ripple Labs IPO in a recent interview, calling it “possible.” An IPO could inject significant capital and visibility into Ripple’s ecosystem, potentially pushing XRP’s price higher.

Lee’s long-term forecast ranges from $4.20 to over $10 by 2030, assuming Ripple capitalizes on its payment solutions. He also notes a medium-term range of $1.50-$5.89, influenced by potential XRP ETF approvals—a development that could further legitimize the token in mainstream finance.

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What Could Hold XRP Back?

While the outlook is promising, XRP isn’t without risks. Here are some factors that could prevent it from reaching $10:

• Market Volatility: The crypto market remains unpredictable. A bearish turn in Bitcoin (currently at $87,431.36, up 3.65%) or Ethereum ($2,090.74, up 3.77%) could drag altcoins like XRP down.
• Competition: Stablecoins like USDT ($1.0002) and USDC ($1.0002), along with competitors like SWIFT’s blockchain initiatives, could challenge XRP’s dominance in cross-border payments.
• Macro Factors: As Ruck pointed out, U.S. economic policies or global financial instability could disrupt XRP’s growth trajectory.

Conclusion: Will XRP Hit $10?

So, will XRP price reach $10? The answer hinges on Ripple’s ability to leverage its legal victory, expand RLUSD adoption, and navigate a competitive market. Analysts like Ryan Lee see a path to $10 by 2030, supported by technical breakouts and fundamentals. However, investors should remain cautious—crypto’s volatility means nothing is guaranteed.

For now, XRP’s momentum is undeniable. Whether you’re a long-term holder or a short-term trader, keeping an eye on the $2.50 level and upcoming Ripple developments could be key to catching the next wave. What do you think—will XRP hit $10? Share your thoughts below!

XRP Price News, FAQ

Could XRP Reach $10?

Yes, XRP could reach $10, according to some analysts. Ryan Lee from Bitget predicted that XRP might climb to $10 or more by 2030. This optimism stems from the SEC dropping its lawsuit against Ripple Labs, which has boosted confidence in XRP’s future.

Can XRP Hit $20?

XRP hitting $20 is less commonly predicted and would require exceptional growth. Most forecasts, including Ryan Lee’s, focus on a $10 target by 2030, which is already ambitious from its current price of $2.4625 (as of March 24, 2025). To reach $20, XRP’s market cap would need to soar far beyond its historical highs, likely needing massive adoption in global payments and a huge crypto market boom.

Can XRP Hit $5?

Yes, XRP hitting $5 seems more achievable in the near-to-medium term. Ryan Lee suggests a medium-term range of $1.50 to $5.89, influenced by the SEC case resolution and potential XRP ETF approvals. At its current price of $2.4625, reaching $5 would mean roughly doubling in value—a realistic jump compared to its all-time high of $3.84 in 2018.

How High Will XRP Go?

It’s tough to pin down exactly how high XRP will go because it depends on many moving parts. Ryan Lee’s long-term forecast points to $4.20 to $10+ by 2030 if Ripple capitalizes on its opportunities, like payment adoption and regulatory wins. Short-term, he sees it possibly hitting $2.65 to $3.00 soon if it breaks past $2.50. Other forecasts vary—some X users dream of $20 or more, while conservative estimates stick closer to $5. XRP’s ceiling hinges on Ripple’s success, broader crypto market trends, and global economic conditions. For now, $5 to $10 by 2030 is a common range among experts, but no one can predict the exact peak with certainty.