A renowned cryptocurrency analyst has shared a long-term prediction for the XRP
Following the resolution of the US Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, a renowned cryptocurrency analyst has shared a long-term prediction for XRP. After a year of remarkable performance, where it outperformed most of the major cryptocurrencies in the market, a new chapter for the token opens with the recent resolution of the long-running lawsuit. This decision, which removes a cloud of uncertainty that has hung over XRP since 2020, has rekindled optimism regarding the cryptocurrency’s future.
Analysts like Bitget’s Ryan Lee see this move as a crucial turning point for XRP. According to the expert, breaking out of the current price range between $2.35 and $2.55 is seen as a key indicator that could trigger significant market movements. In his analysis, Lee ready the $2.50 level as a point of attention, suggesting that a sustained move above this threshold could pave the way for longer-term targets, with some analysts predicting XRP reaching $10 or more by 2030.
The expert noted in the analysis short-term targets of $2.00–$2.17 on the downside and $2.65–$3.00 on the upside, with long-term projections of $4.20–$10+ by 2030, depending on the ability of the giant Ripple Labs to scale payment solutions.
At the time of publication, XRP was trading at $2.44, down 0.5% over the past 24 hours. The asset has appreciated 8.5% this week.
Source: TradingView
XRP: Wall Street predicts huge growth and massive demand for the cryptocurrency
A renowned Wall Street name predict massive growth and demand for XRP, supporting an intriguing theory: the “XRP Milkshake Theory”. Inspired by the Dollar Milkshake Theory, which predicts the strengthening of the US dollar at the expense of others, the XRP version postulates that Ripple’s cryptocurrency could become a liquidity magnet, attracting funds from traditional financial systems and other cryptocurrencies.
In a move fueled by optimism, the theory gained traction after the endorsement of prominent Wall Street expert Linda P. Jones, who recently stated: “I love the Milkshake Theory and I totally agree with you! Massive demand for XRP is coming!” In this sense, the support of an experienced financial expert has brought credibility to the theory, sparking the interest of investors and market analysts.
The theory revolves around the idea that XRP could attract liquidity from multiple sources, boosting its demand and market value. The idea was shared by cryptocurrency analyst Brad Kimes during a recent technical analysis where he suggested that liquidity could flow into XRP from multiple sources.