The price of XRP is rising

XRP is benefiting from positive sentiment in the cryptocurrency market at the beginning of the new week and is rising by 2.4% over the last 24 hours

The price of XRP is rising on Monday, March 24, by almost 1%, testing the $2.47 level. This continues Sunday’s move, which saw XRP gain 3%.

Since March lows, when XRP had briefly dropped below the psychological level of $2, the cryptocurrency has already recovered 30% of its losses.

Investors are wondering: Will XRP price reach $10? Recent developments, including the SEC dropping its lawsuit against Ripple Labs and growing adoption of Ripple’s RLUSD stablecoin, have fueled optimism. In this article, we’ll delve into the latest predictions, key factors influencing XRP’s price, and whether hitting $10 by 2030 is a realistic goal.

XRP Price Today Is Up

XRP is benefiting from positive sentiment in the cryptocurrency market at the beginning of the new week and is rising by 2.4% over the last 24 hours, according to CoinMarketCap data.

How does the technical situation look? My analysis shows that the XRP price is currently moving under an important resistance defined by a trendline drawn from December lows, which now acts as resistance and coincides with a local bearish defense level at $2.58 (highs from the second half of March and late 2024).

If buyers fail to overcome this level, I would expect a correction and retest of the psychological $2 level. However, a move above opens the path to test $2.83 (February highs) and ultimately this year’s ATH around $3.35.

XRP’s Recent Surge: Why Is XRP Price Going Up Today?

XRP has been on a steady upward trajectory, bolstered by significant milestones. The most notable catalyst came last week when the U.S. Securities and Exchange Commission (SEC) officially dropped its long-standing lawsuit against Ripple Labs.

This resolution has removed a major cloud of uncertainty that had loomed over XRP since December 2020, when the SEC accused Ripple of selling unregistered securities.

Analysts and investors alike view this as a game-changer. Bitget’s Ryan Lee, a prominent crypto analyst, highlighted that XRP could hit $10 by 2030, driven by this newfound regulatory clarity, the adoption of Ripple’s RLUSD stablecoin, and potential IPO chatter surrounding Ripple Labs.

Moreover, with its current market cap ranking among the top cryptocurrencies, the token is showing signs of breaking out from its current trading range of $2.35 to $2.55.

Also significant is last week’s news that Bitnomial is set to launch the first-ever Commodity Futures Trading Commission (CFTC)-regulated XRP futures in the U.S. following its decision to voluntarily dismiss a lawsuit against the Securities and Exchange Commission (SEC).

“Regarding XRP, the news is more evidence of the change in direction for the US administration. It is largely expected news and we can expect more positive news and endorsements on this and others in the coming months that will push the US to being a global leader in digital assets.” Paul Howard, Director at Wincent, comment for Finance Magnates.

Short-Term Outlook: Can XRP Break Key Resistance?

In the near term, Lee predicts XRP could fluctuate between $2.00-$2.17 on the downside and $2.65-$3.00 on the upside. The pivotal level to watch is $2.50, which could signal the next breakout or breakdown. Technical indicators like the Relative Strength Index (RSI) remain neutral, while the Moving Average Convergence Divergence (MACD) leans bearish, suggesting XRP may consolidate before its next big move.

Nick Ruck of LVRG Research adds that XRP’s relatively low volatility compared to other cryptocurrencies during recent market selloffs is a bullish sign. However, he cautions that broader U.S. macroeconomic factors, such as tariffs or economic disruptions, could dampen momentum.

“Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” Lee said. “Long-term forecasts suggest $4.20-$10+ by 2030 if Ripple capitalizes on payment adoption, though $2.50 remains a pivotal level to watch for the next breakout or breakdown.”

XRP Price Prediction: $10 by 2030?

The $10 price target by 2030 isn’t just wishful thinking—it’s backed by several key drivers:

Lee’s long-term forecast ranges from $4.20 to over $10 by 2030, assuming Ripple capitalizes on its payment solutions. He also notes a medium-term range of $1.50-$5.89, influenced by potential XRP ETF approvals—