{"id":53263,"date":"2025-03-20T15:58:37","date_gmt":"2025-03-20T15:58:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53263"},"modified":"2025-03-20T15:58:37","modified_gmt":"2025-03-20T15:58:37","slug":"xrp-price-set-to-explode-wild-predictions-after-ripples-sec-win","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53263","title":{"rendered":"XRP Price Set to Explode? Wild Predictions After Ripple\u2019s SEC Win"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The latest news on the Ripple v. SEC front pushed the asset to as high as $2.60 before settling at $2.48, fueling excitement across the XRP community.
\nSome analysts foresee a breakout to $5+ for the price of the company\u2019s native token, while others warn of a potential correction due to past \u201csell the news\u201d patterns.<\/p>\n

<\/a><\/span><\/h2>\n

Time for a Parabolic Surge?<\/h2>\n

Ripple\u2019s CEO Brad Garlinghouse took center stage on March 19, <\/span>announcing<\/span><\/a> that the US Securities and Exchange Commission (SEC) has dropped its appeal against the company. <\/span><\/p>\n

The <\/span>huge<\/span> victory for the crypto firm triggered <\/span>real<\/span> euphoria across the XRP Army, while the price of the native token soared from $2.30 to $2.60 in a matter of minutes. In the following hours, though, the valuation retraced to the current $2.50 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Somewhat <\/span>expected<\/span>, the breaking news and the subsequent price resurgence have caused pro-XRP analysts to envision further gains <\/span>in the near future<\/span>. The one using the X moniker Dark Defender <\/span>claimed<\/span><\/a> that Ripple\u2019s win has cleared the skies for a rally to a new all-time high of over $5.<\/span><\/p>\n

CRYPTOWZRD also gave their two cents, describing March 19 as \u201ca significant day\u201d due to the SEC\u2019s decision to terminate the legal battle with Ripple. The analyst <\/span>now<\/span> expects<\/span><\/a> to see \u201ca strong bullish move\u201d from the XRP\/BTC trading pair.\u00a0<\/span><\/p>\n

\u201cA breakout will help XRP become strongly bullish in a very short <\/span>period of time<\/span> and get an impulsive spike upside. $2.80 is the next resistance target here, although BTC will still play a significant role tomorrow. My focus will remain on the lower time frame chart to get the next scalp opportunity,\u201d they added.\u00a0<\/span><\/p>\n

How About a Potential Correction?<\/span><\/h2>\n

XRP\u2019s price has indeed soared after Garlinghouse\u2019s announcement, but its surge was not as impressive as many would have expected. After all, the valuation exploded<\/a> by much more substantial percentages in the past when the developments in the lawsuit were seemingly less favorable for Ripple.<\/span><\/p>\n

This<\/span> might be so because the element of surprise was missing. Over the past several weeks, well-known legal experts and market observers have suggested that the case\u2019s official end might be incoming. Earlier this month, former White House official Anthony Scaramucci even <\/span>placed<\/span><\/a> the lawsuit among those <\/span>that the<\/span> SEC had already dropped.\u00a0<\/span><\/p>\n

XRP is also<\/span> not immune<\/span><\/a> to the \u201cbuy the rumor, sell the news\u201d effect. Its price experienced a bull run in the few months after the US presidential elections in November last year <\/span>and <\/span>peaked<\/span><\/a> at almost $3.40 in mid-January (just ahead of Trump\u2019s inauguration as America\u2019s 47th President).\u00a0<\/span><\/p>\n

Since then, it has been on a downtrend, waiting for <\/span>major<\/span> catalysts to <\/span>push its price up<\/span>. We have yet to see whether the pump observed after the latest Ripple v. SEC development will <\/span>be followed<\/span> by a further bullish momentum or if the \u201csell the news\u201d effect will apply again.<\/span><\/p>\n

Additionally, the popular crypto analyst Ali Martinez <\/span>revealed<\/span><\/a> that the social buzz surrounding XRP has been going through the roof since the dropped appeal. <\/span>While<\/span> that might sound like good news, such high volumes can sometimes have the opposite effect on the price. That said, Martinez asked whether now is a \u201cgreat time to be a contrarian?\u201d<\/span><\/p>\n

The post XRP Price Set to Explode? Wild Predictions After Ripple\u2019s SEC Win<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The latest news on the Ripple v. SEC front pushed the asset to as high as $2.60 before settling at $2.48, fueling excitement across the XRP community. Some analysts foresee a breakout to $5+ for the price of the company\u2019s native token, while others warn of a potential correction due to past \u201csell the […]<\/p>\n","protected":false},"author":0,"featured_media":53264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53263"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53263"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53264"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}