December 6, 2023

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The cryptocurrency analyst predicts that the price of XRP will reach $10 in the near future

The cryptocurrency analyst predicts that the price of XRP will reach $10 in the near future

Despite the recent market volatility, several coins are performing strongly, including XRP, which reached a two-month high. According to many, this is just the beginning of a major upward trend. For example, cryptocurrency analyst Lucky notes that XRP could approach $10 sooner than expected.

Analyst Lucky shared his prediction on X, his former Twitter handle. The analyst notes that Ripple lost up to $200 million in the legal battle with the US Securities and Exchange Commission (SEC). However, the team is showing flexibility, building new integrations and entering into interesting partnerships.

Developments on the Ripple network

Lucky points out some key developments that could significantly enhance the Ripple platform. One of these is a collaboration with Uphold, a platform that simplifies transactions between fiat currencies and cryptocurrencies. This collaboration focuses on integrating Uphold’s cryptocurrency liquidity capabilities with Ripple’s cross-border payment infrastructure.

Additionally, there is upcoming support for non-fungible tokens (NFTs) on the Ripple network, which has been initiated by financial services provider SBI Holdings. This addition has the potential to create a massive influx of users, which could benefit the price of XRP in the long term.

Meanwhile, the Xumm wallet, designed specifically for the XRP Ledger (XRPL), is celebrating reaching 600,000 active users. With ambitions for further expansion and improvements, including increasing ease of use and adding decentralized exchange functionality, Xumm is positioned to lead and support a growing number of users for Ripple.

XRP price prediction

The analyst notes that thanks to these developments, a valuation of $1 or even $10 for XRP could be reached sooner than initially expected. Some go even further and predict the price will increase to $30 by 2025. This would represent a staggering 5,350% increase over the current price.

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