XRP Price Set to Explode to $10? Attorney Predicts Lawsuit Will End Before ETF Approval

The XRP price has risen by 2.5% in the past 24 hours, rising to $2.48 as prominent crypto-focused lawyer Jeremy Hogan predicts that Ripple’s lawsuit with the SEC will end before any XRP ETFs gain approval.

This move comes with the cryptocurrency market as a whole barely moving today, while XRP itself remains down by 3% in a week and by 20% in the past fortnight.

Yet with the altcoin retaining a very healthy 366% increase in the past year, it has the medium- and long-term momentum to continue rising as and when the wider market reenters a more bullish phase.

XRP Price Set to Explode to $10? Attorney Predicts Lawsuit Will End Before ETF Approval

Responding to a question on X, attorney Jeremy Hogan predicted that it’s “more likely” that the Ripple-SEC case reaches a full conclusion “sooner than the ETF approvals.”

Hogan clarified that this is more because ETF approval requires more admin work, whereas a settlement between Ripple and the SEC could potentially arrive after only one or two hearings or meetings.

Yet while Hogan believes that XRP ETFs are further away, it’s worth noting that the momentum behind such ETFs has been increasing in recent days and weeks.

For instance, Nasdaq filed yesterday to list the CoinShares XRP ETF, adding its name to nine other comparable filings that have hit the SEC’s desk this year.

Given the sheer number of filings, it’s likely that we may even see the SEC fast track approval of some of these applications, as it has done with other ETFs for other tokens.

As such, while Hogan suggests that a full and final settlement is closer than the launch of an XRP ETF, the latter isn’t that far away either.

This puts the XRP price in a good position to continue rising in the near and more distant future, with its chart today showing a promising recovery in momentum.

After falling as low as 20 on February 3, the coin’s relative strength index (purple) has now climbed back up to 55, indicating a return in buying pressure.

At the same time, XRP’s 30-period average (orange) has seemingly started on a path towards overtaking its 200-period average (blue).

This would suggest that now is very much a good time to buy the coin before it returns to substantial growth in the not-too-distant future.

Based on such factors, the XRP price could hit $2.75 again by Q2 and then reach $3.40 by Q4.

Alternative High-Potential Altcoins to Consider

XRP could be in line for some big gains this year, yet its existing size could also mean that its growth remains more piecemeal and gradual.

If so, traders may be better off diversifying into newer, smaller cap alts, which under the right circumstances can greatly outpace the market average.

One new coin looking very good right now is Best Wallet Token (BEST), which has raised $9.5 million since opening its presale towards the end of last year.

The native token of the popular Best Wallet app, BEST will provide a wide range of benefits to the app’s 250,000 monthly active users.

Such perks cover discounts on transaction fees, greater staking yields, governance rights, and early access to new tokens.

This is bullish because both BEST and the Best Wallet app itself will mutually reinforce each other, helping to boost the other’s growth.

Best Wallet has already become one of the most popular software wallets in crypto since launching in 2023, with the app’s several market-leading features, including compatibility with other 200 networks and an invaluable Project Tracker tool.

Because of this, BEST could witness very high demand once it launches in the next few weeks, with investors able to buy it now at the Best Wallet Token site.

BEST is now selling at $0.02395, with this price set to continue rising intermittently until its sale ends.

The post XRP Price Set to Explode to $10? Attorney Predicts Lawsuit Will End Before ETF Approval appeared first on Cryptonews.

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