Ripple’s XRP Could Surge 40% to $2.80 or Even $8, Market Analysts Predict
The post Ripple’s XRP Could Surge 40% to $2.80 or Even $8, Market Analysts Predict appeared on BitcoinEthereumNews.com.
XRP has been navigating a volatile market, facing recent pullbacks, while showing strong signs of resilience. Where to next for Ripple’s XRP? Get ready, it’s time for today’s XRP news. With the SEC restructuring its crypto enforcement unit and bullish on-chain metrics emerging, analysts are divided on whether XRP could see an imminent price rally. Some experts predict a potential surge of 18% in the short term, with XRP reaching $2.80, while others set more ambitious targets suggesting XRP could climb to $8 if key support levels hold. SEC Shake-Up Sparks Optimism The U.S. Securities and Exchange Commission reportedly transferred the majority of the crypto enforcement team into other departments, drastically cutting down on regulatory crackdowns. According to The New York Times, over 50 staff have been reassigned in the interest of other groups, though the SEC would not comment on the story. A reshuffle that could be interpreted as a softer stance toward digital assets is possible. Ripple CTO Stuart Alderoty expressed optimism after meeting with SEC crypto task force lead Commissioner Hester Peirce. Stuart Alderoty via X Ripple’s Chief Legal Officer, Stuart Alderoty, expressed optimism following a recent meeting with SEC Commissioner Hester Peirce. “Regulatory clarity is long overdue, and these developments could mark the beginning of a more constructive dialogue with the industry,” Alderoty stated. Hon Ng, Chief Legal Officer at Bitget, also weighed in on the matter. Speaking to FXStreet, he remarked, “This shift presents an opportunity for the SEC to reclaim its influential role in shaping global standards for digital asset regulation. While an immediate overhaul is unlikely, this could pave the way for a more transparent regulatory framework.” Watch – XRP Technical Analysis On-Chain Metrics Signal Potential Rebound Despite a 25% drop in the past week, the XRP price has maintained its position above…
Filed under: News - @ February 9, 2025 1:16 am