Will XRP Ever Reach $10?

The answer is "yes," but it will ly take several years before it happens

Obviously, a lot needs to go right for XRP to quintuple in price

So it's definitely within the range of possibilities

As I'll outline below, XRP has several key catalysts to make it happen

Regularity clarity The first major catalyst is what Bitget refers to as "regularity clarity. " Quite simply, the U

Securities and Exchange Commission (SEC) is dropping its long-running case against Ripple, the company that launched the XRP token

However, under the Trump administration, the SEC is taking a more crypto-friendly apach

At the end of June, both Ripple and the SEC agreed to drop all further appeals in the case

Thus, the long-running case against Ripple has finally come to an end

Ripple will still pay a penalty, but the legal drama is over

Image source: Getty Images

As Ripple Chief Executive Officer Brad Garlinghouse pointed out on social media, that's going to free up Ripple to go back to as usual

And it will remove the dark regulatory cloud that had been hanging over XRP for years

New spot ETFs This regulatory clarity is also going to make it possible to launch new investment ducts for XRP investors

And the one duct that these investors want is a spot XRP exchange-traded fund (ETF) similar to the spot Bitcoin ETFs

This would enable them to buy XRP indirectly via an ETF and not have to buy XRP directly in the spot crypto market

Right now, the thinking is that these spot ETFs will appear in the fourth quarter (Q4) of this year

Online prediction currently give them a 78% chance of being apved by the SEC this year, so it's really just a question of "when" and not "if" they appear

When they do, get ready to see a tsunami of new money flowing into XRP

Innovative new financial ducts from Ripple The core of Ripple is fast, cheap, and secure cross-border payments using the XRP blockchain

However, there's plenty of room for future growth in emerging new areas

With that in mind, there are several key areas that could drive XRP's price higher

One of these is stablecoins, which have become the hottest growth segment of the crypto market this year

This stablecoin makes moving dollars to the XRP blockchain much easier for financial institutions and could be a way to spur additional adoption of XRP

Competitive threats to XRP Financial innovation is happening at a blistering pace right now in the crypto market

Under the Trump administration, many of the traditional strictures for crypto are being dismantled, and new ducts are launching at a furious pace

Any one of these new ducts has the chance to blindside Ripple (XRP)

CNBC described it as a "stablecoin- token. " It will be used on the Base blockchain created by Coinbase, and one of its key use cases will be cross-border payments

That's bad news if you're an XRP investor

There's simply no role for XRP here

Quite simply, JPMorgan Chase has decided to use a completely different token and a completely different blockchain for cross-border payments

That makes me think that the path to main adoption for XRP is going to take a lot longer than many people suppose

So keep your eyes on the next six months

These could be absolutely critical in determining just how much higher XRP can go

JPMorgan Chase is an advertising partner of Motley Fool Money

Dominic Basulto has positions in XRP

The Motley Fool has positions in and recommends JPMorgan Chase and XRP

The Motley Fool recommends Coinbase Global

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