XRP Price Targets $10 Rally As Ripple Shares Key Insights On XRPL – Crypto News

XRP price has recorded some recovery after its significant decline yesterday amid a broader crypto market crash. Amid this, a renowned market pundit, who has accurately predicted the prior crash for Ripple’s native asset, hints at a rally to $10 for the crypto. Besides, it also comes as Ripple has recently shared key insights on XRP Ledger (XRPL), which has caught the investors’ attention.

XRP Price Recovers: Is $10 Rally Imminent?

XRP price was up around 1% today and exchanged hands at $2.29, while its one-day trading volume rose 41% to $11.72. The token’s Relative Strength Index stayed at 37, reflecting the heavy selling pressure the crypto has witnessed recently.

Meanwhile, the crypto has lost nearly 22% in the last 30 days, while losing about 10% weekly. Besides, XRP Futures Open Interest was also down about 2.25%, highlighting the still-cautious stance of the investors.

However, despite that, a top expert has fueled market sentiment with a latest prediction, that hints at a robust rally ahead.

Price To Hit $10?

Despite the gloomy momentum, experts remain bullish on the future trajectory of the coin. For context, renowned expert CasiTrades, who has previously predicted the XRP price crash and accurately mentioned the price levels, said that the crypto is likely to hit between $8 and $13.

Notably, in a recent X post, when a user inquired about the future of Ripple’s native asset, the expert said that it could witness a robust rally once it hit a new ATH. Having said that, it appears that to hit the $10 mark, the crypto might have to target its ATH of $3.84 mark recorded in 2018.

Meanwhile, the market sentiment was further boosted by Ripple’s latest revelation about the XRPL future. So, let’s take a quick tour of what lies ahead for the platform.

Ripple & XRPL: Market Optimism Soars

In a blog post, Ripple has recently shared key insights on XRPL, which has gained notable traction from the market participants. The blockchain firm has unveiled its vision for the future of XRPL, outlining a comprehensive roadmap that prioritizes institutional-grade decentralized finance (DeFi) solutions.

Key Developments

Enhanced Compliance Features

The XRPL is set to introduce expanded compliance features, including Credentials, Permissioned Domains, and a Permissioned DEX. These innovations will enable institutions to build secure, compliant trading venues on the XRPL.

Multi-Purpose Tokens (MPTs)

The introduction of MPTs will provide a more flexible and efficient token standard, allowing institutions to tokenize and trade bonds, real-world assets (RWAs), and structured financial products with enhanced functionality.

XRPL Lending Protocol

A proposed amendment will enable crypto-native businesses to integrate lending with Ripple Payments, DEX, RWAs, and stablecoins. This will provide a decentralized, protocol-native solution for lending that reduces reliance on intermediaries. These developments are likely to boost the overall ecosystem’s appeal while triggering a surge in XRP price.

Programmability

Ripple is committed to bringing permissionless programmability to the XRPL, with a focus on preserving the network’s efficiency, reliability, and simplicity. The introduction of ‘Extensions’ will allow developers to customize features like escrows, automated market makers (AMMs), and tokens.

XRPL EVM Sidechain

Set for Mainnet launch in Q2 2025, the XRPL EVM Sidechain will offer a complementary solution to the XRPL, enabling developers to deploy cross-chain or EVM dApps.

Future Outlook

As tokenization and decentralized finance continue to evolve, the XRPL is positioning itself as a leader in regulated onchain finance. With deep liquidity, compliance-friendly features, and seamless institutional integration, the next phase of Institutional DeFi will be built on XRPL.

What Lies Ahead For XRP Price?

This latest development from Ripple regarding the XRPL has gained notable traction from the market participants. Besides, the market sentiment has also been lifted by the recent regulatory stance of the US administration. For instance, the US SEC has started dropping crypto lawsuits, with the Uniswap Case being the latest, sparking traders’ confidence.

This latest stance of the US SEC has led many to speculate about a potential resolution in the Ripple Vs SEC case soon. Besides, speculations over a potential approval of the XRP ETF in the US this week have gained traction.

However, when talking about price levels, EGRAG CRYPTO said that crypto has found its new support at $2.07. As long as it holds this support, it might continue to witness its upward momentum. Despite that, a recent report showed that Ripple’s asset price might drop to as low as $1.6 mark in the worst-case scenario.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.