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3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon

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2 days ago

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XRP price is rising after Ripple CEO Brad Garlinghouse confirmed that the SEC will drop its appeal soon. Traders are optimistic that Ripple could hit $10 soon and easily outperform Bitcoin, Ethereum, and Solana. In this article, we explore the top reasons why more than 100,000 traders are bullish on a massive XRP bull run.

Voting Polls Show Why XRP Price Could Reach $10 

Popular analyst The Bitcoin Therapist published a poll on X asking US-based crypto investors about the altcoin they would buy if Elon Musk and President Trump issued a $5,000 DOGE dividend. 52% of more than 44,000 users who voted on the poll picked XRP as the best buy. 

3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon
XRP Voting Poll

Crypto trading platform Uphold also held two different polls assessing investor sentiment toward XRP. In the first poll, the exchange asked users which crypto they would buy for $10M and hold for 8 years. 90% of respondents picked XRP.

In their second poll on the best crypto that US crypto investors can buy with the DOGE dividend, 91% of respondents also voted for XRP. 

These three voting polls indicate that crypto investors are bullish on XRP price and are optimistic that it could rally to as high as $10. So, what is driving this sentiment? Let’s explore. 

Bullish Catalysts That Could Push Ripple Price to $10 

XRP price trades at $2.52 today after a staggering 13% gain in 24 hours. These gains come after Ripple CEO revealed that the SEC will drop XRP’s case. In an X post, Garlinghouse stated, 

“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.” 

The rally that is already underway hints at a possible bullish leg to $10 once the SEC releases a statement on the same. Per Ripple’s Chief legal officer, XRP was now “in the driver’s seat”, suggesting that it could soon outperform the broader market. 

As Coingape reported, the end of the SEC vs. Ripple lawsuit could lead to US banks buying XRP. This move will accelerate a parabolic rally past $10 to $100. 

XRP Buying Volumes Surge As Bulls Regain Control 

The XRP 4-hour price chart shows that bulls have regained control. The RSI has soared past 71, after more than $100M in buying volumes in under an hour as Ripple formed a God Candle. A continuation of these bullish trends could see the altcoin reach $3 soon. 

Ripple has also moved back above its 200-day EMA of $2.39, which indicates that the trend is gaining strength. If this momentum continues, it will pave the way for a rally to $10. 

3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon
XRP/USDT: 4-hour Chart

To sum up, many traders are bullish on XRP price, and the conclusion of the SEC vs. Ripple lawsuit is fuelling a price recovery. The altcoin could soon hit the iconic $10 target and emerge as the largest altcoin.

Frequently Asked Questions (FAQs)

XRP price can reach $10 soon amid high bullish sentiment and the end of the SEC vs. Ripple case.

Traders have flipped bullish on Ripple as the SEC case draws to a close. Spot XRP ETF filings and the possibility of the US government adopting Ripple are also driving the positive momentum.

Ripple CEO has confirmed that the SEC will drop its appeal in a resounding victory for the XRP community.

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Price analysis

Could XRP Price Hit $1,000 if Used for US National Debt Repayment?

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2 months ago

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January 18, 2025

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XRP price remains in focus after a sharp 30% surge last week, hovering near $3.20. Ripple’s potential use in U.S. national debt repayment has sparked heated discussions among investors. With growing adoption and market interest, the question remains could XRP realistically achieve the ambitious $1,000 price target?

Here’s Why XRP Price Could Reach $1,000

The potential for XRP, the cryptocurrency developed by Ripple Labs, to reach extraordinary price levels has sparked countless debates among analysts and enthusiasts. 

While such predictions remain speculative, exploring hypothetical scenarios can offer insight into what could drive XRP’s value to $1,000 or beyond. Below are five key scenarios that outline possible paths for XRP’s future growth.  

Massive Adoption as the Global Payments Standard

If XRP becomes the go-to solution for cross-border transactions, it could revolutionize the financial system. Its speed, efficiency, and low transaction costs make it attractive for banks, corporations, and even governments. 

If XRP price achieve this level of adoption, experts believe its price could rise to between $10 and $50.  

Recognition as a Global Reserve Currency

A more ambitious scenario envisions XRP being recognized as a global reserve currency, held by central banks alongside traditional assets like the U.S. dollar or gold. 

Such status would dramatically increase demand for XRP, with its price potentially soaring to $50-$200. This transformation would require widespread trust in XRP’s stability and Ripple’s ecosystem.  

XRP Powers CBDCs Globally

Central banks around the world adopting XRP as the foundation for their central bank digital currencies (CBDCs) could drive unprecedented demand. 

Ripple’s ongoing partnerships with financial institutions and regulators position XRP as a contender for this role. In such a case, analysts speculate that XRP could reach a valuation between $200 and $1,000.  

Market Cap Matches Bitcoin’s Current Level

If XRP’s market capitalization were to reach the Bitcoin current valuation of around $1 trillion, its price could climb to $500-$2,000. 

Achieving this milestone would depend on shifting investor sentiment and significant growth in adoption by institutional and retail markets.  

XRP as a Digital Store of Value

XRP price could also transition into a widely accepted store of value, similar to gold. In this role, it would serve as a hedge against economic uncertainty, driving its price to between $1,000 and $5,000. However, achieving this requires a fundamental shift in perception about XRP’s utility and long-term potential.  

Ripple Price Analysis

As of Saturday, the value of XRP is trading at $3.19, reflecting a 4% decrease over the last 24-hours. The cryptocurrency has been consolidating above the crucial $3.00 support level after a recent rally.

The Relative Strength Index (RSI) reads 57, signaling that XRP remains in neutral territory but closer to overbought levels.

XRP has a target of $3.50 if the bulls regain momentum. A break above $3.50 could open the path toward $3.84, a critical resistance level near the all-time high (ATH). Conversely, a failure to maintain the $3.00 support could lead to a pullback toward $2.80.

Could XRP Price Hit $1,000 if Used for US National Debt Repayment? Could XRP Price Hit $1,000 if Used for US National Debt Repayment?
XRP Price Chart: TradingView

While the above scenarios present exciting possibilities for XRP, they are purely speculative and intended for entertainment purposes. Market dynamics, adoption rates, and regulatory developments will ultimately shape XRP’s future. 

Frequently Asked Questions (FAQs)

While speculative, scenarios like global adoption or CBDC integration could drive XRP to such levels.

Recognition by central banks alongside traditional assets like gold and the U.S. dollar.

Its speed, efficiency, low transaction costs, and Ripple’s partnerships with financial institutions.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Price analysis

5 Key Reasons To Not Sell XRP Tokens

Published

3 months ago

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December 20, 2024

By


XRP price hovers around $2.31 after dropping nearly 17% in the past two days. Today, the token is up 3.18% and shows signs of recovery, which is in line with Bitcoin’s outlook. While the short-term outlook is noisy, the long-term outlook remains certainly bullish. This CoinGape article explains five reasons to not sell XRP and how the token could offer more upside in 2025.

XRP Price: 5 Key Reasons To Not Sell XRP Tokens

Although XRP price has shot up more than. 500% in 2024, its upside potential is not capped yet. Here are five key events that are yet to unfold that could have a massive positive impact ont the value of XRP and potentially catlayze another uptrend.

Trump Inauguration: Trump wining the US elections on November 5 was a key trigger that kickstart the crypto bull market. Some believe that Trump January 20, 2025 inauguration event could lead to an even bigger rally. The reason for this is the expectation of a more crypto-friendly regulatory environment that could benefit XRP and the broader crypto markets. Additionally, Trump’s pre-election statements on cryptocurrencies are positive. This could lead to help with XRP’s adoption and propel its price higher.

Gary Gensler is out of SEC: Gary Gensler, the SEC chairman filed the lawsuit on Ripple at the end of 2020 and a dozen other crypto-related suits, has been considered an enemy to the cryptocurrency ecosystem. Hence, the departure of Gary Gensler, a perceived crypto skeptic, from the SEC will reform the image of this regulatory body and lead to a shift in regulatory tone that favors cryptocurrencies. This development could be one key factor that boosts XRP price.

SEC Lawsuit Settlement: Although the long-running battle between the SEC and Ripple came to a conclusion, it isn’t settled yet. Hence, a firm settlement could bring much-needed clarity and certainty to XRP’s regulatory status, leading to a rally in Ripple price.

Alt Season Begins: As mentioned in previous CoinGape articles, an altcoin season could kickstart after the recent crash and extend all the way up to January 2025. Hence, capital rotation out of Bitcoin and into altcoins, including XRP, could see a huge uptrend.

XRP ETF is Approved: Bloomberg analysts have already suggested that the XRP and Solana ETF could be next. Considering that Bitcoin saw such a massive uptrend after spot ETF approval, XRP could mirror this trend considering the demand. Moreover, the approval of an XRP ETF would provide institutions and safe way to invest in XRP. Hence, this event could lead to massive rally for XRP price.

XRP Technical Analysis: Ripple Has A Long Way to Go

Tony Severino, a certified analyst, posted on X, that he is “potentially not bullish enough on XRP.” According to Severion, XRP’s “three-month candlestick is above the Bollinger Band basis for the first time since April 2019”, reflecting volatility. A buy signal would emerge if the quarterly candlestick manages to push its above the “the upper Band” and closer there. Sevenrio also note that the Bollinger Bands “have been the tightest in XRPBTC history,” which is a signal that precedes volatile moves.

To further support his bullish outlook, the analyst notes that the three-month Relative Strength Index (RSI) has crossed above the RSI-based moving average and rising toward the 50 mean level. If the three-month RSI manages to climb above  50, it would suggest a spike a bullish momentum, aka “increasing strength”.

The third bullish indicator, according to Severiono, is the Fisher Transform that is “flipping bullish with a multi-year bullish divergence.” The certified analyst adds that the three-month Logarithmic MACD depitcs a “weakening bearish momentum” and that it is ready to flip “bullish for the first time on the chart.”

XRP/USD 3-month ChartXRP/USD 3-month Chart
XRP/USD 3-month Chart

All in all, the analyst remains wildly bullish on XRP price and expects it to continue its ascent. However, there are a few conditions that need to be met for Rippel to trend higher. This outlook is in line with the five reasons why you should not sell XRP here.

Frequently Asked Questions (FAQs)

As of December 19, 2024, XRP’s current price is around $2.32

Trump’s inauguration is expected to lead to a more crypto-friendly regulatory environment, which could benefit XRP and the broader crypto market.

Gary Gensler’s departure is seen as a positive development for XRP, as he was perceived as a crypto skeptic, and his departure may lead to a shift in regulatory tone that favors cryptocurrencies.

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Akash Girimath

Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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