2024–2025 Ripples (XRP) have been making waves in the crypto market, surging over 40% in recent weeks. This bullish momentum has reignited discussions about XRP reaching a much-anticipated milestone: $10 per coin. While this may seem like a distant dream considering its current price of around $0.60, several factors could propel XRP towards this ambitious target during the ongoing 2024–2025 bull run.
Firstly, speculation surrounding a potential Ripple Initial Public Offering (IPO) is driving investor interest. CEO Brad Garlinghouse’s recent announcement regarding a $1.4 billion stock buyback fueled rumors of an upcoming IPO, especially if the SEC leadership changes. While Garlinghouse clarified the company’s intention to wait for a more favorable regulatory landscape, an IPO under new leadership or even outside the US (as suggested by former Ripple director Sean McBride) could significantly boost XRP’s value.
Secondly, the launch of an XRP Exchange-Traded Fund (ETF) could be another game-changer. With the SEC approving Bitcoin and Ethereum ETFs, XRP is a strong contender for the next spot. Asset managers like VanEck have already filed for a SOL ETF, paving the way for similar ventures with XRP. Both McBride and Garlinghouse have expressed optimism about an XRP ETF launching by 2025, potentially unlocking a new wave of investment.
Thirdly, the ongoing legal battle between the SEC and Ripple has undoubtedly hampered XRP’s growth. The lawsuit prevented it from mirroring the all-time highs achieved by its peers in 2021. However, with a final resolution expected by the end of this year, a verdict in Ripple’s favor could significantly improve investor sentiment and remove a major roadblock for XRP’s adoption.
Finally, the widespread adoption of XRP for cross-border payments remains a key factor. Ripple’s payment solutions, particularly RippleNet (formerly ODL), utilize XRP as a bridge currency for faster and cheaper international transactions. If the SEC lawsuit is settled and regulatory hurdles are addressed, US financial institutions could finally embrace XRP, leading to a surge in demand and potentially pushing the price toward the $10 mark.
While reaching $10 will require a significant market rally, the confluence of these factors presents a compelling case for XRP’s potential in the remaining months of the bull season. With an IPO, an ETF, a legal victory, and wider adoption all on the horizon, XRP’s journey towards $10 could become a reality.