XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025

Following the XRP price’s stellar performance in the current bull cycle, a crypto analyst has now predicted that the value of the third-largest cryptocurrency could soon soar to $10 or more in 2025. This bullish projection is backed by several key factors expected to drive strong demand and boost global adoption.  Factors That Could Push XRP Price To $10 Unlike past cycles, when XRP pumped toward the tail end of the bull market, this time, it has emerged as one of the top-performing altcoins early on. Expanding on this impressive performance, X (formerly Twitter) crypto analyst and XRP supporter Edo Farina has shared a video analysis of the cryptocurrency, predicting the tokens potential price outlook and outlining different factors that could drive this surge.  Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The analyst has highlighted the influence of Bitcoin Dominance (BTC.D), which he sees as a critical indicator for altcoin movements. According to him, BTC.D currently remains relatively high. However, historically, the dominance dropped from 40% to 30%, marking the onset of the altcoin season. This expected drop in Bitcoin’s Dominance could serve as the trigger for a broader altcoin market breakout, positioning the XRP price for a potential 4X rally from current levels. According to Farina, a 4X jump from $2.39 could easily propel XRP toward the $10 mark.  Key to this optimism and bullish outlook is the recent resolution of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple. With legal battles seemingly behind it, XRP is no longer classified as a security in the US, giving Ripple the green light to offer the token to financial institutions. Farina has suggested that this newfound regulatory clarity is expected to bolster investor confidence and lay the groundwork for global adoption. Achieving a $10 price point will also require more than a shift in market sentiment. Farina explains that it will depend heavily on XRPs integration into the global financial system. The analyst argues that XRP must become the cornerstone, especially in cross-border payments and Real World Asset (RWA) tokenization. Ripple has already taken significant steps in this direction, reportedly playing a role in the roll-out of the digital Euro.  Ripple is also making strategic acquisitions, such as its acquisition of Hidden Road and the potential  purchase of Circle, which could exponentially expand its influence in traditional finance. The analyst further notes that the possible launch of XRP ETFs could significantly impact the tokens price dynamics. If approved by the SEC and more ETFs hit the market, investor demand is expected to skyrocket, potentially driving prices toward or even beyond $10 in 2025. How Much Will 1,000 XRP Be Worth In 2025? In his analysis, Farina estimated how much 1,000 XRP could be worth in 2025 if its price surges to $10 and above. At $10, a modest holding of 1,000 XRP would be worth $10,000.  Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds If financial adoption accelerates as Farina projects, XRP could climb well beyond $10, potentially reaching $100. In that scenario, a 1,000 XRP bag could soar to $100,000 profit, potentially offering life-changing returns for long-term investors. Featured image from Getty Images, chart from Tradingview.com

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Analyst Outlines XRP Price Scenarios Ahead Of Ripple-SEC Case Update

In a chart analysis shared via X, the crypto analyst Dark Defender provided insight into the potential price movements of XRP ahead of this weeks Ripple-SEC case update. The analysis, conducted on a monthly time frame, reveals that XRP has been holding above a critical support trend marked in blue. With the crypto community’s eyes set on the new Ripple filings expected next week, there’s a mix of anticipation and caution. XRP Price Enters Potentially Crucial Week Dark Defender notes that although market news does not typically have a direct correlation with price movements, the “last puzzle piece” pertaining to the Ripple case may add a layer of enthusiasm to the market sentiment surrounding XRP. The question posed is: What could happen if XRP fails to maintain its position above the blue support line? According to the analysis, if XRP breaks below this blue support line, it will likely approach the two critical Fibonacci retracement levels at $0.4623 (38.2% retracement level) and $0.3917 (23.6% retracement level). These figures are derived from the swing high and low points on the chart, traditionally considered potential support levels where the price could stabilize or bounce back. Related Reading: XRP Bulls Roar: Analyst Foresees Explosive Surge With God Candle On The Horizon In the context of the current chart, a drop below these levels, particularly if the price closes under $0.3917 for two to three days consecutively, would invalidate the bullish five-wave structure that Dark Defender suggests could propel XRP to a high of $5.85. On the flip side, should XRP reclaim the 61.8% Fibonacci level at $0.6044, it could signify a first step towards a strong upward move. Between the price range of $0.6649 and $0.3917, any price movement is considered a sideways trend. A breakout above the 70.2% level at $0.6649 would likely confirm a bullish trend, with the analyst highlighting this as a significant threshold for a positive price trajectory. Above this level, XRP would then eye the next Fibonacci extension levels of $1.8815 (161.8% extension) and potentially $5.8563 (261.8% extension), which are ambitiously projected targets. The chart also highlights a “Main Resistance Trend” line that has capped the price since the peak of early 2018, and the current price action is pinched between this descending resistance and the ascending support trend lines, forming a converging pattern that traders often interpret as a potential breakout signal. Related Reading: XRP Whales Are On The Move Again, But Are They Bullish Or Bearish? A breakout could be the first bullish indication of a larger rally, with at least one monthly close above the line required. In the past, several attempts at a breakout have failed, and even one monthly close was followed by a fall back below the trendline the following month. Ripple Vs. SEC: What To Expect This Week Ripple Labs is gearing up to file its response to the US Securities and Exchange Commissions (SEC) remedies briefing on April 22, a pivotal moment in their protracted legal battle. This response from Ripple is in reaction to the SEC’s briefing that put forth potential remedies including disgorgement of profits derived from XRP sales and civil penalties. The financial stakes are high, with the SEC calculating fines that could reach around $2 billion, claiming that Ripple engaged in an unregistered securities offering with its XRP sales. The legal and financial communities expect Ripple to mount a formidable defense against the SEC’s claims. Key to this counter-argument will be undermining the SEC’s assertion of the necessity for disgorgement, given the alleged lack of demonstrable financial harm to XRP purchasers. Furthermore, Ripple is likely to leverage favorable recent legal decisions and regulatory developments, aiming to weaken the SECs position. According to the schedule, Ripple is expected to submit a public redacted version of its opposition brief along with associated declarations and exhibits today, if these materials are devoid of any SEC-designated confidential information. If confidentiality is a concern, Ripple will file the documents under seal and submit a redacted public version by April 24. Following this, the SEC will have the opportunity to reply, with their response anticipated to be filed under seal by May 6. At press time, XRP traded at $0.53. Featured image from NameCoinNews, chart from TradingView.com

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Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’

Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology [...]

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FTX EU launches withdrawal website to pay back European users

FTX EU was only approved by the Cyprus regulator in March, 2022, about seven months before FTX collapsed in November.

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Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs

The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to attract blockchain firms to Wyoming. New Law Reinforces Wyoming Crypto-Friendly Reputation Mark Gordon, the Republican governor of Wyoming, [...]

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Ripple Provided Major XRP Price Discounts To Select Investors, SEC Claims

In the XRP lawsuit, the US Securities and Exchange Commission (SEC) filed its motion for remedies and entry of final judgment against Ripple, proposing a suite of penalties that includes injunctive relief, disgorgement of profits, and a notable $2 billion in civil penalties today. But that’s not the whole story as the 210-page document contains some interesting statements and assertions. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion, and its "Proposed" Judgment.https://t.co/uPlpJ7Tmon — James K. Filan (@FilanLaw) March 26, 2024 Did Ripple Favor Select Institutional Investors? One of the assertions made in the SEC document and pointed out by XRP community lawyer Bill Morgan was a key revelation that Ripple engaged in discriminatory pricing practices, offering substantial discounts on XRP tokens to a select group of institutional investors. This practice, the SEC alleges, created an uneven playing field, benefiting certain “favored” investors at the expense of others. Related Reading: Top Analysts Bold Prediction: XRP Set To Skyrocket 1,500% XRP community lawyer Bill Morgan provided a summary of this aspect, highlighting the potential damage to Ripple’s standing in the eyes of institutional investors. “The SECs brief is a possible problem for Ripple beyond this case. The SEC is able to argue that there were two groups of institutional sales investors (it calls them favored and unfavored) and Ripple offered one group significant discounts in XRP price over the other group that did not receive them,” Morgan noted via X (formerly Twitter). He further delved into the SEC’s claim that such practices harmed the “unfavored” group of investors to the tune of $480 million, a figure based on assumptions that Morgan suggests need thorough examination. The evidence of causation of this alleged harm seems thin, he added. The SEC’s filing goes on to argue that Ripple’s sales tactics, specifically the discounted sales to certain investors, directly contributed to downward pressure on the overall market price of XRP. This point is not just a matter of regulatory compliance but also raises the specter of legal action from those institutional investors who may feel aggrieved by not being privy to the same discounts. Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern Morgan also touched upon the ramifications of these actions being classified as investment contracts by the SEC, saying, “As these sales to institutions were found to be investment contracts, it means that this offering of discounts to some but not other institutions is the very disclosure according to the SEC that should have, and would have been made to the institutions, if the sales to institutions had been registered.” He further noted that these claims by the SEC are also not great for the reputation of Ripple. Not sure this revelation is great for Ripples reputation with institutional investors, Morgan remarked. Ripple CLO Alderoty Responds Ripple’s Chief Legal Officer, Stuart Alderoty, also issued a broad response to the SEC’s filing via X, vehemently disputing the narrative presented by the regulatory body. Alderoty stated, Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead. He further attacked the SEC for its illegitimate reasoning, stating: They stayed true to form here. Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the industry at large. We trust the Court will approach the remedies phase fairly. At press time, XRP traded at $0.64365. Featured image from Shutterstock, chart from TradingView.com

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Largest Weekly Inflows in Digital Assets in Over a Year, Led by Bitcoin

In a significant shift of sentiment, digital asset investment products experienced their largest single weekly inflows since July 2022, totaling a substantial $199 million, according to CoinShares report. This surge effectively corrected almost half of the prior nine consecutive weeks of outflows, signaling renewed investor confidence in the market. (Read More)

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Winklevoss Twins Rail Against US SEC’s Anti-Crypto Stance: ‘It Does Not Feel Like America, It Feels Like Venezuela’

The Winklevoss twins, founders of Gemini, a U.S.-based cryptocurrency exchange, have criticized the U.S. Securities and Exchange Commission (SEC) for its perceived anti-crypto stance and recent enforcement actions. In a recent interview, the Winklevoss twins commented that the regulatory environment in the U.S. felt like “third world, like Venezuela,” for builders in the crypto world.

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US SEC Chair Gary Gensler: Coinbase and Other Crypto Exchanges Must Register with Agency

After raising concerns over Coinbase’s lending product, US SEC Chairman Gary Gensler has once again reiterated that cryptocurrency exchanges should register with the commission. (Read More)

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Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out

As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SECs acknowledgment of Grayscales Cardano ETF filing, providing a bullish outlook for the crypto.  How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market participants will no longer see ADA below $0.80. The analysts accompanying chart showed that a break above could see Cardano reclaim the $1 psychological price level.  Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown This bullish outlook for the Cardano price comes as the US Securities and Exchange Commission (SEC) acknowledged Grayscales Cardano ETF filing. An ETF is bullish for the ADA price as it will attract institutional investors and drive more inflows into the coins ecosystem, which could spark a rally to new highs.  However, in the meantime, the Cardano price looks to be in bearish territory, as it has declined alongside the broader crypto market. ADA is currently below the $0.8 price level, which could represent a great buying opportunity, especially if the crypto eventually never sees this price level again, as CobraVanguard predicted.  Regarding the short-term bearish outlook for the Cardano price, crypto analyst CryptoBusy also noted that ADA is barely clinging to its 0.5 Fibonacci support level. The analyst added that a breakdown below this Fib support could lead to a straight drop to the $0.618 price level. CryptoBusy suggested that this breakdown will likely happen as ADA is facing significant selling pressure.  A Mega Bounce Is Coming For ADA In an X post, crypto analyst Sebastian told market participants to get ready for a mega bounce for the Cardano price after this market downtrend. In another post, he remarked that the worst time to sell is right now. He added that in a month, market participants will wish they had bought more. According to him, the market is a game of emotions and the more people capitulate, the higher prices will go eventually.  Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Heres How Meanwhile, crypto analyst Ali Martinez recently noted that the most critical support zone for the Cardano price is between $0.67 and $0.80. He remarked that as long as this level holds, ADAs bull run remains intact. His accompanying chart showed that ADA could still reach its current all-time high (ATH) of $3.10 and possibly surpass this price level in this market cycle.  At the time of writing, the Cardano price is trading at around $0.65, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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Ripple Expects Business to Pick Up in the US After Landmark Ruling

Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes to start talking with possible customers this quarter. Ripple Hopeful About U.S. Business [...]

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Bittrex Faces Potential Legal Action from US SEC

Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations. (Read More)

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Judge Criticizes SEC Approval of Coinbase IPO in Pre-Motion Conference

Southern District of New York judge Katherine P. Failla called to attention the U.S. Securities and Exchange Commission’s (SEC) approval of Coinbase’s Initial Public Offering (IPO), hinting that the agency could have been more thorough. Failla expressed skepticism about the SEC’s posture that approving the Coinbase S-1 form to go public meant “nothing,” stating that [...]

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Chia Network Files for IPO With the SEC, Eyes Public Listing

On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s [...]

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US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License

U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector General Deborah Jeffries, Torres calls for investigation of the “backroom deals” [...]

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Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of

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Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’

John Reed Stark, founder and former chief of the Office of Internet Enforcement of the U.S. Securities and Exchange Commission (SEC), has warned about a new regulatory “siege” against crypto platforms. Reed Stark believes that “crypto trading platforms are high-risk, perilous, and inherently unsafe” and recommends investors exit all crypto exchanges. Former SEC Enforcement Chief

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Ripple CEO Brad Garlinghouse: ‘The SEC Is Throwing Lawsuits at the Wall’

Brad Garlinghouse, the CEO of Ripple, has criticized the crypto “pro-innovation” stance of the U.S. Securities and Exchange Commission (SEC) and its recent lawsuits against significant exchanges like Coinbase and Binance. Garlinghouse stated that the SEC was “throwing lawsuits at the wall” to distract attention from the debacle of bankrupted exchange FTX. Ripple CEO Brad

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US Senator Cynthia Lummis Blasts SEC Actions Against Coinbase, Explains Crypto Industry Is Being Pushed Offshore

Wyoming U.S. Senator Cynthia Lummis has heavily criticized the recent legal action of the Securities and Exchange Commission (SEC) against Coinbase, stating that it might push the cryptocurrency industry and its innovation offshore. Lummis also remarked that the SEC has failed to streamline a path for cryptocurrency companies like Coinbase to regularize their operations. U.S. [...]

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Defi Education Fund Submits FOIA Request for SEC’s Docs

The Defi Education Fund, an organization dedicated to expanding the decentralized finance environment, has submitted a Freedom of Information Act (FOIA) request to the U.S. Securities and Exchange Commission (SEC). The documents requested are linked to the SEC’s non-answer to whether syndicated term loan notes constitute securities. Defi Education Fund Issues FOIA Request for SEC [...]

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