Ripple’s XRP token had a bullish outbreak earlier this year. The popular cryptocurrency breached the $3 mark for the first time in January 2025 after nearly seven years. XRP’s breakout came a few days before President Trump’s inauguration.
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XRP Breaks Its Chains
Ripple’s XRP struggled to gain momentum after the SEC filed a lawsuit against the fintech company. The financial watchdog alleged that the company sold unregistered securities. XRP even struggled to rally during the 2021 bull run.
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The SEC recently dropped its litigation against Ripple, leading many to believe that XRP will finally hit a new all-time high. The pro-crypto administration of the US may have pushed the SEC into dropping the case. The SEC also has a new pro-Bitcoin candidate, Paul Atkins, at its helm. We may see the agency taking a more lenient approach to the crypto space.
3 Things That Can Take XRP To $10
1. ETF Approvals
There are about 10 active XRP ETF applications with the SEC. There is a high probability that the SEC will approve the ETFs, given Atkins’ pro-crypto stance. An ETF approval will likely lead to increased institutional money in the project. The move could cause XRP’s price to surge to new highs.
2. XRPL As An Alternative To SWIFT
The XRP Ledger has seen incredible growth over the last few years. The platform is very popular for cross-border remittances. Many anticipate XRPL being used as an alternative to SWIFT in the near future.
3. More Adoption
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With the lawsuit out of the way, XRP’s path seems to be quite clear. The asset could see a surge in mass adoption over the coming years. If an ETF is approved and the asset continues to grow its influence, it could surge to beyond $10 by the end of this decade.