XRP's price, linked to Ripple Labs, surged after the SEC dropped its lawsuit against the company, sparking market activity and analyst interest.
SEC Case Closure: A Turning Point for Ripple
In December 2020, the SEC sued Ripple, alleging XRP was an unregistered security. This long legal battle impacted XRP's value and reputation negatively. However, on March 19, 2025, the SEC dropped the case, which Ripple hailed as a victory. This news led to a sharp 14% rise in XRP's price over the week. Experts suggest this might change how the U.S. views digital assets.
XRP Technical Analysis: Predictions and Prospects
Analysts are keenly observing XRP charts, with some like Gert van Lagen predicting a rise to $38 due to technical patterns. He highlights a 'double-bottom/ascending triangle' pattern, prominent during a significant run from 2014 to 2017. While XRP currently sits above its 50-day SMA, breaking the $3 mark will be crucial for further growth.
Current XRP Market Situation
Recent data indicates XRP is up 12% in 24 hours and 14% over the week, ranking third by market capitalization. However, the surge is primarily driven by futures, not spot purchases, suggesting the rise might be short-lived. Falling below the $2.45 support could quickly stall this increase, despite the resolved SEC case.
While the SEC case closure provided XRP with growth momentum, the sustainability of this rise remains uncertain. Despite promising technical analysis, the situation remains volatile due to dependence on futures markets.
