Lawyer Anticipates Lawsuit Resolution Before ETF Approval, Suggesting XRP Could Reach $10

The value of XRP has increased by 2.5% over the last 24 hours, reaching $2.48, as prominent crypto attorney Jeremy Hogan anticipates that Ripple’s legal battle with the SEC will conclude before any XRP ETFs receive approval.

This movement occurs within a cryptocurrency market that is currently experiencing minimal activity, while XRP itself has declined by 3% over the past week and by 20% in the last two weeks.

However, with the altcoin maintaining a robust 366% increase over the past year, it possesses the medium- and long-term momentum to continue its upward trajectory as the broader market potentially shifts back into a more bullish phase.

XRP Price Poised to Surge to $10? Attorney Foresees Lawsuit Resolution Before ETF Approval

In response to a query on X, attorney Jeremy Hogan suggested that it is “more likely” for the Ripple-SEC case to reach a complete resolution “before the ETF approvals.”

Hogan explained that this is primarily due to the fact that ETF approval necessitates more administrative processes, whereas a settlement between Ripple and the SEC could potentially be reached after just one or two hearings or meetings.

Not because it has to happen in that sequence, but because the ETFs will simply require more time to finalize the details.

— Jeremy Hogan (@attorneyjeremy1) February 10, 2025

While Hogan believes that XRP ETFs are further off, it is important to note that the momentum surrounding such ETFs has been increasing in recent days and weeks.

For instance, Nasdaq submitted a filing yesterday to list the CoinShares XRP ETF, adding its name to nine other similar filings that have been presented to the SEC this year.

Given the significant number of filings, it is likely that we may see the SEC expedite the approval of some of these applications, as it has done with other ETFs for different tokens.

JUST IN: Nasdaq has officially proposed a rule change to the SEC to list and trade shares of the CoinShares #XRP ETF Trust! pic.twitter.com/pWb8cwvarR

— JackTheRippler © (@RippleXrpie) February 10, 2025

Thus, while Hogan indicates that a complete and final settlement is closer than the launch of an XRP ETF, the latter is not too far off either.

This positions the XRP price favorably for continued growth in both the near and distant future, with its chart currently reflecting a promising recovery in momentum.

After dropping as low as 20 on February 3, the coin’s relative strength index (purple) has now risen back to 55, signaling a resurgence in buying pressure.

Source: TradingView

Simultaneously, XRP’s 30-period average (orange) appears to be on a trajectory to surpass its 200-period average (blue).

This could indicate that now is indeed a favorable time to acquire the coin before it returns to significant growth in the not-too-distant future.

Based on such factors, the XRP price might reach $2.75 again by Q2 and then hit $3.40 by Q4.

Other High-Potential Altcoins to Consider

XRP may be positioned for substantial gains this year, but its current size could also imply that its growth remains more incremental and gradual.

If that is the case, traders might find it more advantageous to diversify into newer, smaller-cap altcoins, which under the right conditions can significantly outperform the market average.

One emerging coin that looks promising right now is Best Wallet Token (BEST), which has raised $9.5 million since launching its presale towards the end of last year.

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— Best Wallet (@BestWalletHQ) February 11, 2025

The native token of the popular Best Wallet app, BEST will offer a variety of benefits to the app’s 250,000 monthly active users.

These advantages include discounts on transaction fees, higher staking yields, governance rights, and early access to new tokens.

This is positive as both BEST and the Best Wallet app will mutually support each other’s growth.

Best Wallet has already become one of the most popular software wallets in the crypto space since its launch in 2023, featuring multiple market-leading functionalities, including compatibility with over 200 networks and a useful Project Tracker tool.

As a result, BEST may experience very high demand once it launches in the coming weeks, with investors able to purchase it now on the Best Wallet Token website.

BEST is currently priced at $0.02395, with this price expected to continue rising intermittently until its sale concludes.

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