- Ripple unveiled a bold XRPL roadmap, focusing on enhanced compliance, lending protocols, and institutional-grade DeFi solutions.
- Ripple latest developments and market optimism could drive XRP toward a potential $10 rally.
Expert Predicts Massive XRP Rally
XRP could be on the verge of a major rally. Top analyst CasiTrades, known for accurately predicting XRP’s recent crash, forecasts a price jump to between $8 and $13. Hitting the $10 mark may require XRP to surpass its all-time high (ATH) of $3.84, last seen in 2018.
Despite recent market turbulence, XRP shows signs of recovery. Its price rose about 1% today to $2.29, with a 41% surge in trading volume to $11.72 billion. However, Ripple still faces challenges, having lost 22% over the past month and 10% in the past week. Yet, optimism remains strong.
Ripple’s Bold XRPL Vision Boosts Market Confidence
Ripple recently shared key insights into the future of the XRP Ledger (XRPL). The firm’s roadmap aims to enhance institutional-grade decentralized finance (DeFi) solutions. These developments are sparking renewed investor interest.
Key XRPL Developments:
- Enhanced Compliance Features: XRPL will introduce Credentials, Permissioned Domains, and a Permissioned DEX. These upgrades aim to support secure, compliant trading venues for institutions.
- Multi-Purpose Tokens (MPTs): MPTs will enable tokenization of bonds, real-world assets (RWAs), and structured financial products.
- XRPL Lending Protocol: A proposed amendment will integrate lending services with Ripple Payments, stablecoins, and decentralized exchanges (DEX), reducing the need for intermediaries.
- Programmability Enhancements: New ‘Extensions’ will allow developers to customize features like escrows and automated market makers (AMMs).
- XRPL EVM Sidechain: Set for mainnet launch in Q2 2025, this sidechain will enable cross-chain dApps and broader developer access.
Market Sentiment Turns Positive
Ripple’s roadmap isn’t the only catalyst. The broader market mood has improved with the U.S. SEC dropping several crypto lawsuits, including one against Uniswap. This shift has traders hopeful for a favorable resolution in the Ripple vs. SEC case. Speculation over a potential XRP ETF approval in the U.S. is also heating up.
Ripple : What’s Next
XRP’s immediate support stands at $2.07, according to analyst EGRAG CRYPTO. Holding this level could fuel upward momentum. Yet, a worst-case scenario could see the price dipping to $1.60.
Despite the risks, XRP’s future looks bright. With institutional adoption on the rise and key network upgrades on the horizon, a $10 rally may not be far off.