The SEC has finally dropped its lawsuit against Ripple, marking the end of a four-year legal battle. Ripple CEO Brad Garlinghouse shared the news, confirming that the SEC will back off from its appeal of Judge Torres’ ruling. This clears the air on XRP’s status, solidifying that it’s not a security and giving the crypto market a big boost.
Since the announcement, XRP’s price has jumped by more than 10%, reaching $2.52. With the lawsuit now behind it, analysts are expecting more upward momentum. But while things look positive, there’s still some caution needed before jumping in. Let’s dive into what’s ahead for XRP and the broader market.
SEC Drops Ripple Lawsuit: Big Win for Crypto
The whole mess started when the SEC sued Ripple, claiming the company had sold unregistered securities. But Judge Torres ruled in Ripple’s favor in July 2023, saying XRP wasn’t a security on its own. She did find Ripple’s institutional sales to be illegal, but its programmatic sales (those on exchanges) were deemed fine.
The SEC appealed part of Torres’ decision earlier this year, but now, it’s agreed to withdraw the appeal. This decision clears up the uncertainty, confirming that XRP isn’t a security. It’s a huge win for Ripple and crypto as a whole. However, Ripple is still fighting the $125 million fine for its institutional sales. If the SEC reduces the fine to wrap things up, it could send XRP’s price even higher.
XRP Price Prediction: Bullish, but Be Careful
XRP price prediction is bullish, but experts urge caution. XRP has had a nice surge, but Coinfomania analysts believe there’s still room to grow. Predictions show XRP could reach $5 to $8 by the end of 2025. The clear legal status of XRP as a non-security has also improved the chances of a spot XRP ETF, which could bring in institutional investors.
But some experts warn that XRP might not go straight up from here. Analyst Crypto Tony suggests we could see sideways movement or even a slight dip before things really take off. If you’ve been waiting on the sidelines, it’s probably smart to wait for a pullback to $2.20 or a breakout above $2.80 before jumping in.
Current Price and Prediction: What’s Next for XRP?
Right now, XRP is priced at $2.47. Experts are predicting it could rise by 48.42%, reaching $3.72 by April 19, 2025. The current sentiment is bullish, and the Fear & Greed Index is showing neutral at 0. XRP has had 16 green days out of the last 30, with a price volatility of 7.20%. The 50-Day Simple Moving Average sits at $2.45, while the 200-Day SMA is at $1.66.
Upfront, XRP could reach $2.61 by March 24, which would be a 4.79% uptick from where it is now. With strong technical indicators, it looks like this is a good time to consider buying. The picture is strong for XRP in the near term, with the market continuing to show signs of growth.
For the latest XRP news, stay tuned for any further updates that may impact the price and trends in the coming weeks.
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