Expert Says XRP 10X Rally Will Come Soon, But Not in 24 Hours

Although the U.S. SEC has dropped its lawsuit against Ripple, the price of XRP has not reacted as favorably as many expected.

The news of Ripple’s lawsuit conclusion on Wednesday initially pushed XRP’s price to approximately $2.60, surging by 16% that day. However, that was short-lived. XRP’s price dropped by 8% to $2.38 just a day after the announcement.

This price performance left many wondering what was holding back XRP. Many industry pundits, including angel investor Armando Pantoja, attempted to explain the situation.

In a tweet, Pantoja asked, “Why hasn’t XRP skyrocketed to $10 since the news?” According to him, the lower-than-expected price action was due to the fact that, at press time, the U.S. SEC had not officially confirmed its withdrawal from the Ripple lawsuit. 

The announcement on Wednesday about the conclusion of the case came from the company’s CEO, Brad Garlinghouse.

Garlinghouse disclosed in a tweet that the SEC had informed Ripple of its decision to discontinue the appeal process. Ripple’s CLO, Stuart Alderoty, also confirmed the development in a follow-up tweet. However, the SEC itself has yet to issue an official statement on the matter.

Pantoja believes that the absence of this official position leaves cautious investors on the sidelines.
XRP 10X Rally Will Come Soon, But Not in 24 Hours
Furthermore, Pantoja weighed in on XRP’s price behavior, noting that its price reaction cannot be as erratic as meme coins. He claimed that derivatives influence XRP’s price stability more than smaller coins. As such, sudden 10x gains are highly unlikely overnight.

“10x will come soon, but not in 24 hours,” Pantoja concluded.

Meanwhile, other market commentators explained that XRP’s price failed to meet expectations because the outcome had already been priced. Rumors had circulated in the crypto community about an imminent lawsuit resolution last week before Ripple’s announcement. Essentially, it was not entirely a breaking development.
What Will Drive XRP’s Price Going Forward?
With Ripple no longer burdened by its legal battle, Johnny Krypto, co-founder of Merlin, believes the next catalyst for XRP’s price rally will depend on factors such as adoption, use cases, and institutional investment.

He emphasized that for XRP to rise, new demand must be generated, including large contracts, institutional adoption, and fresh capital. Factors like tokenization and cross-border payments could also drive XRP’s future growth.

While short-term stagnation persists, analysts remain optimistic about XRP’s long-term potential. Johnny suggested that in a bullish market, XRP could reach $8 or even higher in a “super cycle.”