In a post on X, Ripple Queen claimed that the price level of $10,000 for XRP has been "locked in." She asserted that calculations demonstrate this altcoin can achieve this target, while implying that its supply is limited and its utility is unmatched. The analyst added that the world is catching up quickly, showing that more and more people are accepting XRP.
Ripple Queen added that regulatory transparency is gradually being established for the cryptocurrency industry, which is a positive signal for the price of XRP. Thanks to this regulatory transparency, along with laws like the GENIUS Act, Ripple will expand its operations, thereby promoting the adoption of XRP. This altcoin is known as the center of operations for the cryptocurrency company. Ripple's Chief Technology Officer (CTO), David Schwartz, recently stated that XRP will continue to be the bridge currency for their payment services.
Agreeing with this view, Ripple Queen states that mass adoption is no longer a dream but a countdown, which is why she believes the price of XRP will reach $10,000. The analyst also mentioned that banks and institutional investors are quietly accumulating, a move she believes will soon lead to a major supply shock for this altcoin.
These institutional investors will also have the opportunity to accumulate more XRP after the SEC approves spot ETF funds. Bloomberg analysts Eric Balchunas and James Seyffart have predicted a 95% chance of approval for XRP ETF funds. The launch of these funds will further inject capital into the altcoin ecosystem, a positive factor for the price of XRP.
Current Price Action on the Journey to $10,000
Cryptocurrency analyst CasiTrades has provided insightful analyses of the current price movement of XRP, even as they predict a price surge to $10,000. In a post on X, she noted that the price action has not yet been bearish technically despite the recent correction. The analyst pointed out that the low of $2.75 is still above the high of wave 1 at around $2.65, which helps maintain the larger bullish trend.
CasiTrades continues to reveal that bullish divergences are appearing on the 15-minute chart up to the 4-hour chart. She believes this supports the hypothesis that $2.75 could be the bottom of this corrective wave. This analyst suggests that a proper recovery to $3.21 and a strong breakout above this level will start to confirm that the correction phase has ended and the next uptrend is underway. If that happens, the next target zone will be between $4.60 and $4.80.
