Ripple’s XRP is getting a lot of attention again as its price climbs higher and higher. It recently went over $1, which is kind of a big deal since it hasn’t done that in over three years. This has people talking about whether it could hit $10 or even $30 soon.
Big Moves in the Futures Market
Apparently, XRP’s futures market is blowing up. The open interest (basically how many active trading contracts there are) hit a crazy $2.1 billion, which is a record. That number shows how much people are getting into this, and it lines up with XRP’s price jumping to $1.5—a 180% jump in just a month!
Why is this happening? Well, it sounds like a mix of things. Ripple’s been in this long, annoying legal battle with the SEC, but there’s talk that it might finally end. Also, the current SEC boss, Gary Gensler, is leaving in January 2025, and some folks think whoever replaces him might be easier on crypto.
Regulations and Rumors
There’s also buzz about how politics are playing into all this. Former President Trump, who’s a crypto fan, is running for office again, and his stance might make things better for digital coins. Plus, there’s chatter about Ripple getting its own ETF (exchange-traded fund). If that happens, big investors might start pouring money into it, which would push the XRP price even higher.
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A CryptoQuant analyst says all these things—political changes, legal progress, and ETF gossip—are creating the “perfect storm” for XRP to take off.
Could Ripple Hit $30?
XRP hasn’t been this exciting since it hit its all-time high of $3.40 back in 2018. Some people think it’s headed for a repeat of the big crypto boom in 2017. Predictions range from a cautious $3-$5 to a wild $30.
One expert, Mikybull Crypto (yes, that’s their name), says Ripple is following this upward channel pattern—basically, it’s moving in a way that usually means good news. If it keeps this up, new highs could be on the way.
What’s Next?
For XRP to keep this momentum, it’s going to need two big things: more support from big-money investors and clear rules from regulators. Everyone’s watching what happens with Ripple’s lawsuit and what Gensler’s departure might mean for crypto.
For now, though, XRP is holding strong. Its recent price surge and record-breaking futures action make it one of the hottest topics in the crypto world. Whether it hits $10 or even $30 remains to be seen, but it’s definitely a ride worth watching.
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