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Key Events That Will Drive The XRP Price To $10

Press Releases Crypto News Bitcoinist Key Events That Will Drive The XRP Price To $10

As another trading week opens up for investors, metrics for various cryptocurrencies, including the XRP price, are beginning to turn bullish once again. Amid this, there are key events that could drive the altcoin’s price toward $10 in the coming years, so here is a rundown.

Ripple Settlement With The SEC Coming Out Lower

One of the major reasons that could easily drive the XRP price toward $10 is Ripple emerging fully victorious over the US Securities and Exchange Commission (SEC). Now, the crypto firm has already secured multiple partial victories against the regulator, but with the SEC’s last-ditch effort being a $700 million settlement, all eyes are now on Ripple negotiating down this amount.

Since a settlement is already on the table, the odds are that Ripple will end up paying. But the real victory, or defeat, will lie in the final amount that the company might be asked to pay. As pro-XRP lawyer John Deaton said, if Ripple were to pay anything below $20 million, it would be a victory for the company.

Given the performance of the XRP price during the partial victories, a complete victory on the part of Ripple will likely push the price above $1 just off the news alone and then set the stage for further rallies.

An IPO For The Books

Rumors have been swirling around the crypto space about a potential Ripple IPO, sparking hopes of impending growth that could trickle down to the XRP price. Wall Street veteran Linda Jones recently said that she expects the company to go public in 2024.

Previously, Jones has said that she expects the company to go public with a valuation of around $107 billion, which would put the share price at around $600. Putting this predicted share price up against the value of XRP, there will be a huge discrepancy which will likely be covered up quickly. At such a valuation, XRP will likely trade above $10

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Author: Best Owie

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