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The XRP price is riding mildly high after Ripple’s legal breakthrough with the SEC, igniting fresh interest in its payments platform.
Speculation about Ripple’s IPO and favorable technical signals have put the token on the frontlines of crypto’s resurgence. The question now is whether the buzz has staying power.
XRP Price: SEC Lawsuit Resolution Sparks Optimism
XRP surged after the SEC dropped its years-long lawsuit against Ripple Labs, ending a legal standoff that had cast a shadow over the token since 2020. The resolution cleared a key obstacle, fueling renewed confidence in the cryptocurrency.
“The SEC’s decision to retreat has sparked bullish sentiment, with XRP moving between $2.35 and $2.55 in recent days,” noted Ryan Lee, a strategist at Bitget.
Regulatory clarity has sparked fresh optimism for XRP, with forecasts putting a $10 target in play by 2030. 99Bitcoin’s analysts call this a soft projection. If XRP doesn’t crack $10 by 2026, it might not be ready for the big leagues
BREAKING: @Ripple CEO – Brad Garlinghouse on FOX BUSINESS says: “The dismissal of the SEC case allows us to unlock the US market expansion!”
#XRP pic.twitter.com/weqceXpitX
— JackTheRippler © (@RippleXrpie) March 24, 2025
Meanwhile, speculation about Ripple Labs going public is heating up. CEO Brad Garlinghouse’s recent comments have fueled bullish sentiment, with analysts betting an IPO could inject Ripple with the capital to expand and boost XRP’s traction in mainstream finance.
XRP Price Flash Crash Concerns and Long-Term Projections
XRP is holding firm at $2.47, rising 4.56% over the past week despite sliding from its $3.00 peak. Analysts see $2.50 as a crucial resistance level; clearing it could reignite bullish momentum. On the downside, losing support at $2.20 might drag it back toward $1.50.
Technical indicators for XRP remain murky, with the RSI hinting at consolidation and the MACD still waiting to flip bullish.
XRP could face a rough patch in April 2025, with some analysts predicting a sharp drop to $1.40–$1.60. But that dip might set the stage for a Wave 7 breakout in May, pushing the price above $3.60 to hit uncharted highs. Despite the turbulence, past market rebounds suggest XRP has the grit to keep climbing.
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EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
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Key Takeaways
- The XRP price is riding mildly high after the Ripple legal breakthrough with the SEC, igniting fresh interest in its payments platform.
- Ripple tokens surged after the SEC dropped its years-long lawsuit against Ripple Labs.
- For now, the debate about cryptocurrency’s place in America’s financial future is just beginning.
The post XRP Price in Focus as Ripple Face New Future: Are Traders Betting Big on XRP? appeared first on 99Bitcoins.
