Can the XRP price rise to 10 dollars in a year?

How has the XRP price moved in the last few days?

The XRP price has risen significantly in the last seven days. The XRP coin increased in value by over 3% in the last 24 hours alone. Thus, the XRP price was able to benefit from the recent increases in the Bitcoin price.

TradingView - XRP Price Performance

The price of XRP has risen particularly sharply since the beginning of March. The price recently rose to USD 0.74. As a result, the XRP coin was able to rise sharply again after losses in the previous weeks.

TradingView - XRPUSD_2024-10-17 (1Y)

Why were the gains so small before?

In contrast to Bitcoin and many altcoins such as Solana, Avalanche and Ethereum, the XRP price has not been able to rise as much in 2024. The reason is obvious: the legal dispute with the SEC is still dragging on. Last year, Ripple was able to breathe a partial sigh of relief, as only the sale of the token to institutional investors, but not to individual investors, had violated securities law.

In recent weeks, Ripple has had to submit further documents to shed light on the issue of institutional trading. This news limited the price gains in January. Confidence in the XRP token is not particularly high at the moment.

Can the XRP price still rise to 10 dollars?

However, the disputes could also have the effect that the XRP coin is particularly undervalued at the moment. The XRP price could therefore rise particularly sharply in a parabolic bull run. This is when legal disputes fade into the background and new investors only want to profit from the issues.

The XRP coin is very well suited to triggering extremely high FOMO. As an alternative payment system within the existing banking system, it can attract many new investors with its idea. Furthermore, it appears more reputable than many memecoins, which should only see profits again in extremely bullish phases.

Just when the Bitcoin price reaches a new all-time high, the mainstream should become aware of the crypto market again. This could cause the XRP price to explode. A new all-time high of over 3.80 dollars could be reached. In an extremely optimistic scenario, a rise to USD 10 is also possible.