Having recorded significant increases since US President Donald Trump’s victory in November, XRP continues to be the focus of investors with the resolution of the SEC-Ripple case.
While the XRP price remains in a range due to lack of catalysts and uncertainty, Bitget chief analyst Ryan Lee has revealed his big price prediction for XRP.
Lee said that if Ripple can capitalize on key opportunities like regulatory clarity and the possibility of an IPO, XRP could rise to $10 by 2030.
Ripple CEO Brad Garlinghouse said that an IPO is possible for Ripple, while Lee said, “If Ripple goes public, it could increase its exposure to institutional investors, thereby creating additional demand for XRP.”
Referring to the fact that although the SEC and Ripple have withdrawn their appeals in the case, there has not yet been an official settlement announcement, Lee stated that a clear and definitive legal solution will support the XRP price.
Noting that XRP is largely trading between $2.35 and $2.55 in the short term, Lee said that a breakout from this range could lead to significant price movements in either direction.
Accordingly, Lee listed his short-term targets as $2-$2.17 on the downside and $2.65-$3.00 on the upside.
In contrast, Lee was more optimistic in his long-term XRP forecast. Lee predicted that by 2030, XRP could reach somewhere between $4.20 and $10.
XRP, which has fallen 4.3% in the last 24 hours, continues to trade at $2.02 at the time of writing.
*This is not investment advice.