XRP price is rising after Ripple CEO Brad Garlinghouse confirmed that the SEC will drop its appeal soon. Traders are optimistic that Ripple could hit $10 soon and easily outperform Bitcoin, Ethereum, and Solana. In this article, we explore the top reasons why more than 100,000 traders are bullish on a massive XRP bull run.
Voting Polls Show Why XRP Price Could Reach $10
Popular analyst The Bitcoin Therapist published a poll on X asking US-based crypto investors about the altcoin they would buy if Elon Musk and President Trump issued a $5,000 DOGE dividend. 52% of more than 44,000 users who voted on the poll picked XRP as the best buy.
Crypto trading platform Uphold also held two different polls assessing investor sentiment toward XRP. In the first poll, the exchange asked users which crypto they would buy for $10M and hold for 8 years. 90% of respondents picked XRP.
In their second poll on the best crypto that US crypto investors can buy with the DOGE dividend, 91% of respondents also voted for XRP.
These three voting polls indicate that crypto investors are bullish on XRP price and are optimistic that it could rally to as high as $10. So, what is driving this sentiment? Let’s explore.
Bullish Catalysts That Could Push Ripple Price to $10
XRP price trades at $2.52 today after a staggering 13% gain in 24 hours. These gains come after Ripple CEO revealed that the SEC will drop XRP’s case. In an X post, Garlinghouse stated,
“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.”
The rally that is already underway hints at a possible bullish leg to $10 once the SEC releases a statement on the same. Per Ripple’s Chief legal officer, XRP was now “in the driver’s seat”, suggesting that it could soon outperform the broader market.
As Coingape reported, the end of the SEC vs. Ripple lawsuit could lead to US banks buying XRP. This move will accelerate a parabolic rally past $10 to $100.
XRP Buying Volumes Surge As Bulls Regain Control
The XRP 4-hour price chart shows that bulls have regained control. The RSI has soared past 71, after more than $100M in buying volumes in under an hour as Ripple formed a God Candle. A continuation of these bullish trends could see the altcoin reach $3 soon.
Ripple has also moved back above its 200-day EMA of $2.39, which indicates that the trend is gaining strength. If this momentum continues, it will pave the way for a rally to $10.
To sum up, many traders are bullish on XRP price, and the conclusion of the SEC vs. Ripple lawsuit is fuelling a price recovery. The altcoin could soon hit the iconic $10 target and emerge as the largest altcoin.
The post 3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon appeared first on CoinGape.
