XRP News Today: XRP Price Targets $8 as SEC Obstacle Clears

Interest is growing among XRP investors following a bold forecast by Crypto Beast, a prominent analyst. He predicts a minimum breakout level of $8 for XRP, citing the US Securities and Exchange Commission no longer posing a significant obstacle. Crypto Beast believes that the market has not fully priced in XRP’s cleared status with regulators, making it an attractive investment for both short-term traders and long-term holders.

In July 2023, XRP secured a crucial victory when Judge Analisa Torres ruled that it is not a security under US law. This ruling caused XRP's price to surge from approximately $0.48 to $0.93. However, prices subsequently declined over the following weeks, returning to the $0.50 range. Following the re-election of US President Donald Trump and his indication of changes at the SEC, XRP entered a new trading range around $2.00. Despite this climb, Crypto Beast argues that the legal victory has not been fully reflected in the market.

Crypto Beast's analysis is based on a bull flag chart pattern, which began with a rally from $0.40 to $3.40. A flag pattern formed as XRP pulled back into the $2.00–$3.00 zone, with a breakout level marked at $3.37. By measuring the height of the $3.00 pole and adding it to the low of the flag, he arrived at a target near $10.69. In another post, he set a more conservative floor of $8.80, representing a roughly 4x gain from the current price around $2.20. Such a move would elevate XRP’s market cap above $500 billion, placing it in the same league as major firms like Oracle, Netflix, and Mastercard.

Crypto Beast's optimism extends beyond XRP. He anticipates a 3x rise in Solana, a 2x increase in Ethereum, and a 5x surge in SUI. Additionally, he forecasts potential 40x gains for select smaller tokens. However, these projections are contingent on a growing crypto sentiment, primarily driven by Bitcoin. When BTC stalls or dips, large altcoins often follow suit, suggesting that any rally in XRP may require fresh capital flowing into the broader market.

Crypto Beast emphasizes the importance of setting stop-loss levels and monitoring Bitcoin for market cues. He acknowledges that patterns can fail and charts alone cannot guarantee gains. A sudden market shift or a change in macro sentiment could disrupt the setup. Despite these risks, his confidence in XRP’s future remains strong, and he advises traders to be prepared for any potential twists.