XRP has been stuck in legal limbo for years, but with Ripple’s recent court victories, the tide is turning. Some analysts are now predicting that XRP could hit $10 in 2024.
Ripple’s Legal Win Against the SEC
Ripple’s legal battle with the SEC has been a major overhang on XRP’s price. However, recent court decisions have swung in Ripple’s favor, boosting investor confidence and pushing XRP’s price higher. If Ripple fully wins the case, a $10 price target for XRP could be within reach.
Global Adoption of Ripple’s Payment Solutions
Ripple’s payment solutions are being adopted by banks and financial institutions worldwide. As institutions use RippleNet for cross-border payments, the demand for XRP is likely to increase, which will support a significant price rally.
Bullish Sentiment from Institutional Investors
XRP’s legal clarity could open the floodgates for institutional investors, who had previously stayed away due to regulatory uncertainty. With major financial players entering the market, XRP’s price could surge as high as $10.