The XRP price remained consolidated within a ti

The XRP price remained consolidated within a tight range for over a couple of years, while a rise of over 380% after the breakout attracted huge liquidity. The volume then surged by over $22 billion from the levels around $1 billion, hinting towards an extensive participation of the bulls. Unfortunately, the levels quickly dropped soon after the prices surged above $3 and were on their way to mark a new ATH. Since then, the XRP price has remained stuck within a descending consolidation while the volume dropped back to its initial position around $1. 

While the volume is facing extreme squeeze, the bulls wait for a quick explosion. Will this trade setup push the XRP price to $10 in 2025? Is this a realistic target or an exaggerated claim?

The main reason behind the major overhang on XRP’s long-term valuation could be the Ripple vs. SEC lawsuit. The SEC’s 60-day deadline, which is approaching on June 16, a favorable outcome for Ripple could inject fresh confidence into the market. This coincides with the broader macro backdrop of rising global liquidity.