XRP (XRP-USD) surged back into focus this week after the U.S. SEC dropped its lawsuit against Ripple Labs, removing a key legal overhang and getting traders and analysts paying attention again. The resolution has cleared up major regulatory uncertainty and opened the door to long-term price projections reaching as high as $10 by 2030.
The SEC’s decision to drop its lawsuit against Ripple marks a major shift in XRP’s regulatory outlook, removing a cloud that’s hung over the token since 2020. Bitget’s Ryan Lee said a breakout from the current $2.35–$2.55 range “could lead to extensive moves in either direction.” He added that “$2.50 remains a pivotal level to watch,” with long-term targets hitting up to $10 if Ripple pushes adoption of its RLUSD stablecoin.
Ripple IPO Speculation Boosts Sentiment
Further boosting confidence, Ripple CEO Brad Garlinghouse told reporters an IPO was “possible” last week. According to Nick Ruck at LVRG Research, XRP’s relatively stable performance through recent selloffs shows sentiment may already be shifting.
At the time of writing, XRP is sitting at $2.46.
