XRP price has posted more gains than the rest of the top ten cryptos today, August 8. It trades at $3.33 with a 10.97% increase in 24 hours. These gains come from the conclusion of the Ripple vs. SEC case that has lasted for almost five years. Now, analysts forecast that XRP might get to $10.
Analyst Predicts XRP Price Rally to $10 Amid Gains
After the recent gains in XRP price, analysts have chimed in with bold predictions of where the coin is headed next. One of these analysts is GalaxyBTC, who suggests that the price might reach $10. Galaxy attributes this target to a repetitive pattern. He observed that between 2014 and 2017, XRP made higher lows. This allowed it to finally breach resistance that later became support. Between 2020 and 2025, the same pattern of higher lows was formed.
Interestingly, the duration of this rising support line is the same as the number of years that the Ripple vs. SEC lawsuit has lasted. As CoinGape reported, the XRP lawsuit has ended, and if the price moves above $3.35 once again and turns to support, more gains might be on the way.
Once the breakout happens, GalaxyBTC places the price at $10. At this point, XRP will have a market cap of more than $580 billion. This is assuming that it remains with the supply of 58 million coins.
Other analysts have also come forward with bold predictions. ChartingGuy notes that XRP is repeating a 2017 fractal. While his analysis does not project $10, he says that the uptrend that started late last year will not end until the XRP price gets to $8.
CrediBULL Crypto also shares a bullish but short-term forecast. In a recent X post, he said getting past $3.80 might happen soon. This might be the first stage of the bullish leg before the targets of $8 and $10 are reached.
XRP Lawsuit Closure As Options Open Interest Spikes, Is Smart Money In?
The end of the XRP lawsuit is causing a lot of interest to go towards the Ripple token. This is because, with the case no longer in the way, there appears to be a consensus that institutions will jump in. Because of what could unfold as a ripple effect from the case’s end, traders are beginning to take positions. This is because the XRP price will likely fluctuate. Data from Coinglass shows that in just 24 hours, XRP derivative volumes soared by 197% to $18.26 billion.
Options volumes took in the most by rising by more than 1,300%, while the options open interest spiked 67% to $1.54 million. Open interest has not been left behind with its 20% surge to $8.82 billion.
As reported by Coingape, the lawsuit conclusion is driving the institutional interest in XRP treasuries as more and more companies would now like to own XRP. With XRP no longer being seen as a security, it is only plausible that more traders are now going to jump in. Most importantly, retail will not be the only participant. Institutions will also start dipping their toes. Because of this, getting to $10 is no longer a pipe dream for the XRP price.While, recently Blackrock denied any plans to launch a XRP ETF, the addition of XRP to corporate balance sheets is imminent, considering it is now one among the most legally sorted crypto.
Frequently Asked Questions (FAQs)
XRP price is gaining today because of the end of the Ripple vs. SEC case after the two parties filed for dismissal.
XRP can reach $10 if it follows the same pattern it did between 2014 and 2017, which led to notable gains.
The end of the Ripple vs. SEC case will likely have a bullish effect on XRP’s long-term price performance. It might be the catalyst for significant price gains.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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