XRP Price Recovers: Is $10 Rally Imminent?

XRP price has recorded some recovery after its significant decline yesterday amid a broader crypto market crash.

The price of XRP has managed to recover somewhat after seeing a significant decline yesterday amid a broader crypto market crash.

This comes as a renowned market pundit, who has accurately predicted the prior crash for Ripple’s native asset, hints at a rally to $10 for the crypto.

Besides, it also comes as Ripple has recently shared key insights on XRP Ledger (XRPL), which has caught the investors’ attention.

The price of XRP was up around 1% today and traded at $2.29, while its one-day trading volume rose 41% to $11.72. The token’s Relative Strength Index stayed at 37, reflecting the heavy selling pressure the crypto has witnessed recently.

Meanwhile, the crypto has lost nearly 22% in the last 30 days, while losing about 10% weekly. Besides, XRP Futures Open Interest was also down about 2.25%, highlighting the still-cautious stance of the investors.

However, despite that, a top expert has fueled market sentiment with a latest prediction, that hints at a robust rally ahead.

Is $10 Rally Imminent?

Despite the gloomy momentum, experts remain bullish on the future trajectory of the coin. For context, renowned expert CasiTrades, who has previously predicted the XRP price crash and accurately mentioned the price levels, said that the crypto is likely to hit between $8 and $13.

Notably, CasiTrades in a recent X post, when a user inquired about the future of Ripple’s native asset, said that it could witness a robust rally once it hit a new ATH. Having said that, it appears that to hit the $10 mark, the crypto might have to target its ATH of $3.84 mark recorded in 2018.

“Between $8 and $13. I've previously stated my anticipation for a final attempt at reaching $3.84 before a significant downturn. As we've seen, it seems that apex serves as a triple top. If we manage to break above the ATH, I believe we'll see a substantial move, possibly leading to levels between $8 and $13.”

This prediction comes after the crypto saw a downfall of over 50% from its 2023 highs of $0.8, which was reached in August. The price crash was triggered by the gloomy US regulatory outlook, which saw the market sliding further down.

However, recently the market mood has improved as the US administration began dropping crypto lawsuits. This move sparked traders’ confidence, while also fueling anticipation for a potential approval of the XRP ETF in the US this week.

Moreover, speculations that the legal battle between Ripple and the US SEC could be nearing its end also contributed to the bullish bias.

The market optimism was further fueled by Ripple’s latest revelation about the XRPL future. So, let’s take a quick tour of what lies ahead for the platform.

Ripple & XRPL: Market Optimism Soars

In a blog post, Ripple has recently shared key insights on XRPL, which has gained notable traction from the market participants. The blockchain firm has unveiled its vision for the future of XRPL, outlining a comprehensive roadmap that prioritizes institutional-grade decentralized finance (DeFi) solutions.

Key Developments

Enhanced Compliance Features

The XRPL is set to introduce expanded compliance features, including Credentials, Permissioned Domains, and a Permissioned DEX. These innovations will enable institutions to build secure, compliant trading venues on the XRPL.

Multi-Purpose Tokens (MPTs)

The introduction of MPTs will provide a more flexible and efficient token standard, allowing institutions to tokenize and trade bonds, real-world assets (RWAs), and structured financial products with enhanced functionality.

XRPL Lending Protocol

A proposed amendment will enable crypto-native businesses to integrate lending with Ripple Payments, DEX, RWAs, and stablecoins. This will provide a decentralized, protocol-native solution for lending that reduces reliance on intermediaries. These developments are likely to boost the overall ecosystem’s appeal while triggering a surge in XRP price.

Programmability

Ripple is committed to bringing permissionless programmability to the XRPL, with a focus on preserving the network’s efficiency, reliability, and simplicity. The introduction of ‘Extensions’ will allow developers to customize features like escrows, automated market makers (AMMs), and tokens.

XRPL EVM Sidechain

Set for Mainnet launch in Q2 2025, the XRPL EVM Sidechain will offer a complementary solution to the XRPL, enabling developers to deploy cross-chain or EVM dApps.

Future Outlook

As tokenization and decentralized finance continue to evolve, the XRPL is positioning itself as a leader in regulated onchain finance. With deep liquidity, compliance-friendly features, and seamless institutional integration,