The world of cryptocurrency has been a rollercoaster ride recently, with XRP stealing the spotlight. On March 19th, XRP experienced an impressive 11.32% surge following the announcement by Ripple’s CEO, Brad Garlinghouse, that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal against Ripple.
Although this news generated a lot of interest in XRP, the surge was short-lived and was followed by a market correction the next day, causing XRP to trade below $2.50. This led to many investors panic-selling their assets at the first sign of trouble.
Vandell, a market analyst and co-founder of Black Swan Capitalist, is optimistic about XRP’s future, predicting that it could reach double digits by the end of the year. He urges investors to remain steadfast in their holdings, believing that the best is yet to come.
Looking at the Bigger Picture: Why Selling Off Might Be a Mistake
As the Ripple-SEC lawsuit nears its conclusion and clearer regulations are on the horizon, now might be the opportune moment to hold onto XRP. While some are succumbing to fear and selling off, more patient investors are anticipating a significant upside.
Reflecting on the remarkable rally XRP experienced in November 2024, soaring from 50 cents to a seven-year high of $3.40 by mid-January 2025, it is evident that there is substance behind XRP’s price surge. The analyst attributes this rally to a combination of macroeconomic factors, evolving regulations, and the potential of XRP’s technology.
Potential for XRP to Reach Double Digits
There is a widespread expectation for XRP to make a substantial leap, with experts suggesting that prices could skyrocket to $13 or even $18. Currently trading around $2.40, a move to $10 would signify a 300% increase, while higher price targets would result in even more substantial gains.
Analysts like Alex Clay and Matthew Dixon share this optimism, with some forecasting that XRP could reach $8 to $10, or potentially higher, in the near future.
