XRP price is experiencing choppy moves as traders hold their positions in anticipation of the outcome of the SEC vs. Ripple lawsuit. The XRP community is bullish that the end of this 4-year-long case will bode well for Ripple price, which may add a zero and possibly rally past $10. In this article, we explore whether XRP can attain the $10 price target.
XRP Price Eyes Massive Gains as Ripple Lawsuit Nears Conclusion
XRP price is poised for more volatility ahead as the SEC case against Ripple nears its end. Last week, Attorney James K. Filan reported that Ripple and the SEC would not file any brief on April 16, with the agreed settlement awaiting approval from the commission. Once the case ends, several catalysts will bolster a parabolic rally for XRP price past $10.
- Possible endorsement by the US government
While speaking in an interview with Fox Business, Ripple CEO Brad Garlinghouse recently opined that Ripple was ready to make a $50M settlement with the SEC. He noted that the company was willing to make the settlement in the form of XRP tokens. If the US government ends up holding these tokens in its digital assets stockpile, it will drive an XRP price rally past $10.
- Pro-crypto SEC Chair
The SEC will likely approve the Ripple settlement deal once the new SEC Chair Paul Atkins is sworn in after being confirmed by the US Senate last week. Atkins is expected to spearhead pro-crypto changes at the SEC, which will also bode well for Ripple price.
- BlackRock XRP ETF filing
The end of this lawsuit will also draw institutional interest to the XRP token. The community anticipates that Wall Street giants like BlackRock will step in with spot XRP ETF filings once the case is closed. This may lead to XRP price adding a zero and possibly surpassing $10.
- XRP ETF Inflows
Meanwhile, the SEC will make the next decision on the submitted spot XRP ETF filings in May 2025. An approval will stir a parabolic rally for Ripple. Analyst Zach Realtor noted that these ETFs will stir a 650% XRP price rally to $15 after JPMorgan predicted $4 billion to $8 billion inflows to the products.
- SWIFT integration with Ripple
A recent Coingape article reported that SWIFT may integrate with Ripple this month, which will also fuel XRP price gains. The end of the lawsuit makes this integration more likely to happen, making a rally past $10 feasible.
Will XRP Price Add a Zero after the SEC Case?
XRP price trades at $2.15 at press time after successfully defending support at $2. If Ripple adds one zero to its price, it will push the price to above $10. The aforementioned catalysts may also drive a rally toward $20.
A $10 price target for Ripple price is attainable. If Ripple reaches $10 with its current supply of 58 billion tokens, its market capitalization will be $580 billion. At this point, XRP will emerge as the largest altcoin.
In a more bold scenario, XRP price may reach $20 and attain a $1.16 trillion market cap to rival Bitcoin’s dominance. Davinci Jeremie, an early Bitcoin investor who bought BTC in 2011 at $1, believes that $20 is the ideal target price for XRP price.
Short-Term Forecast for Ripple Price
It may take some time for the XRP price to add a zero and surpass $10 after the SEC vs. Ripple lawsuit ends. However, the short-term outlook is also bullish, suggesting that Ripple may be on the verge of making new highs.
The daily chart shows that Ripple has bounced from a key demand zone. It is now aiming for the next resistance at $2.347, which is also the PoC line. The PoC shows a point where a lot of trading activity happened. If Ripple can flip this level, it will fuel gains. However, the RSI is at a neutral level and more buying activity is needed to support an uptrend.
To sum up, XRP price can add a zero and reach $10 if the Ripple vs. SEC case ends. Such gains will be fuelled by high institutional interest. The short-term forecast is also bullish after Ripple bounced from a key demand zone.
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