Expert Explains Why XRP Price Could See a 10x Soon

XRP is back in the spotlight, generating renewed optimism for a significant price surge. A YouTuber, Cheeky Crypto (182K subscribers), explored the potential for a 10x increase in XRP's price, citing Ripple's legal victory over the SEC, subsequent market reactions, and factors contributing to long-term growth. However, a cautious "wait-and-see" approach persists.

Ripple CEO Brad Garlinghouse announced the SEC's withdrawal of its appeal, a development many anticipated would boost XRP's price. The market initially reacted positively, with XRP rising 16% to approximately $2.60. This enthusiasm proved short-lived, however, as the price retreated 8% the following day.

This fluctuation, analysts explain, stemmed from the lack of official SEC confirmation. The absence of concrete evidence left investors hesitant, mirroring a reaction to unsubstantiated rumors. Traders sought clarity before committing significant capital.

XRP's Distinguishing Characteristics

A crucial point emphasized is XRP's divergence from meme coins. Unlike Dogecoin or Shiba Inu, XRP's value isn't driven by hype, viral trends, or celebrity endorsements. Angel investor Armando highlights XRP's inherent utility as the foundation of its value, comparing its growth to that of a tree—requiring time and nurturing.

The analyst also notes XRP's increasing presence in the derivatives market, mitigating price volatility and attracting institutional and serious investors. This underscores XRP's long-term investment potential rather than its suitability for short-term trading.

XRP Market Timing and Price Projections

With the legal entanglement behind it, Ripple is poised for expansion. Opportunities in cross-border payments and asset tokenization are highlighted, attracting interest from banks and major financial institutions. Widespread adoption by these players could significantly impact XRP's price.

Johnny Krypto, featured in the video, predicted an XRP price of $8 during a bullish "super cycle," basing this projection on market fundamentals and real-world adoption trends. However, he cautions that such a substantial increase hinges on institutional investment, not solely retail Fear Of Missing Out (FOMO).

XRP's Long-Term Outlook and Investor Sentiment

The muted market response may also reflect the belief that the lawsuit's outcome was already factored into the price. Some traders, anticipating the win, acted preemptively, dampening the subsequent price reaction. Until the SEC issues an official statement, many investors remain cautious.

The video concludes by emphasizing the long-term nature of cryptocurrency investment. Short-term price fluctuations are less significant than strong underlying fundamentals. As regulatory clarity, adoption, and utility increase, a sustained long-term rally becomes increasingly probable, potentially leading to the anticipated 10x price increase for XRP.