Ripple News: Sell XRP Now? Analyst Predicts $10 Target as Price Struggles Post-SEC Win
The post Ripple News: Sell XRP Now? Analyst Predicts $10 Target as Price Struggles Post-SEC Win appeared first on Coinpedia Fintech News
The cryptocurrency market has been full of ups and downs, with XRP at the center of attention. On March 19th, XRP saw a 11.32% surge after Ripple’s CEO, Brad Garlinghouse, announced that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal against Ripple.
This news fueled a spike in interest for XRP, but the surge was short-lived, followed by a market correction the next day, which saw XRP trading below $2.50. As a result, many investors sold off their assets at the first sign of trouble.
Vandell, a market analyst and co-founder of Black Swan Capitalist, predicts that XRP will reach double digits by the end of the year. While some investors are quick to sell off their holdings, Vandell encourages them to hold firm, believing that the best is yet to come.
The Bigger Picture: Why the Sell-off Could Be a Mistake
With the Ripple-SEC lawsuit nearly concluded and clearer regulations expected in the near future, now may be the best time to hold onto XRP. While many investors are selling in fear, the more patient ones are waiting for a major upside.
Looking back at November 2024, XRP began a remarkable rally, climbing from just 50 cents to a seven-year high of $3.40 by mid-January 2025. This 580% surge indicates that there’s more than just speculation driving XRP’s price. The analyst suggests this rally was powered by a mix of macroeconomic factors, evolving regulations, and the potential of XRP’s technology.
Double Digits for XRP?
He expects XRP to make a major leap, with some experts suggesting prices could rise to as high as $13 or $18. Currently, XRP is trading around $2.40, meaning a move to $10 would require a 300% jump, and even higher prices would result in dramatic gains.
Analysts like Alex Clay and Matthew Dixon have also expressed optimism, with some predicting that XRP could reach $8 to $10 or even higher in the near future.
