XRP Price Surge After Ripple's Appeal
Ripple (XRP) experienced a price increase, reaching above $2.37 on March 22, 2025, before a slight pullback. Following Ripple's CTO's letter to the SEC and subsequent cross-appeal, technical indicators suggest a potential move above $3.20 during the next upward trend. This news comes after the SEC withdrew its appeal in the ongoing legal battle.
Ripple's Cross-Appeal to the SEC
Ripple’s price has stabilized around $2.40 while the market processes recent regulatory developments. The SEC's withdrawal of its appeal on March 19, 2025, marked a significant turning point in the lengthy legal dispute. However, Ripple filed a cross-appeal to ensure comprehensive consideration of all legal arguments. This action intensifies investor scrutiny, making XRP price movements closely watched.
The SEC's initial lawsuit, filed in December 2020, alleged Ripple sold XRP as an unregistered security. Despite Ripple achieving some courtroom victories, regulatory uncertainty remains. The cross-appeal signifies Ripple's determination to contest specific aspects of the SEC's claims, aiming to establish XRP as a non-security asset and set precedents for future crypto regulations.
“Ripple filed a cross-appeal to ensure nothing’s left on the table, including the argument that there can’t be an ‘investment contract’ without there being essential rights and obligations found in a contract.”
– Ripple’s Chief Legal Officer, Stuart Alderoty, March 2025
Several altcoins (LTC, BCH, SOL, ADA, DOT) currently have ETF applications under SEC review. A favorable outcome for Ripple could potentially accelerate altcoin ETF approvals, while an unfavorable ruling might delay or negatively impact those applications.
XRP Price Prediction: $2.30 or $2.50?
The XRP price forecast remains cautiously optimistic. Technical indicators point to both bullish and bearish possibilities. XRP currently trades around $2.3731 after a recent retracement, suggesting a possible shift in momentum.
Support is found near the 61.8% Fibonacci retracement level at $2.3735. If this holds, a rebound towards the 23.6% level at $2.5033 is possible, where selling pressure might reappear. The MACD indicator remains positive but shows signs of a bearish crossover, indicating weakening upward momentum. A break below $2.3735 could lead to further losses towards $2.30 and potentially $2.26.
Declining trading volume highlights bearish concerns, suggesting reduced buyer interest. For a bullish recovery, XRP needs to reclaim $2.40 and maintain momentum above $2.50. Traders should monitor volume spikes and MACD confirmation for confirmation of the next price movement.
Frequently Asked Questions (FAQs)
- Could XRP surpass $3.20? A sustained bullish trend following the cross-appeal could push XRP above $3.20, but regulatory uncertainty continues to influence investor confidence.
- Impact of the Ripple Verdict? A favorable ruling for Ripple might boost institutional adoption and accelerate ETF approvals. Conversely, a negative ruling could delay clarity in mainstream crypto regulation.
- XRP Price Support and Resistance: XRP faces resistance near $2.50, with support levels at $2.37 and $2.30. The next price trend will depend on whether a breakout or breakdown occurs.
Disclaimer: This analysis reflects the author's opinion and is subject to market fluctuations. Conduct thorough research before making any investment decisions. The author and Codeum are not responsible for personal financial losses.
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