XRP has just received a major boost, as the SEC has dropped its lawsuit against Ripple. After years of legal uncertainty, Ripple CEO Brad Garlinghouse confirmed that the SEC has decided not to pursue an appeal of Judge Torres’ ruling. This decision clears up any confusion about XRP’s status, making it official that it’s not a security.
Following the announcement, XRP’s price jumped 10%, reaching $2.52. With the legal issues behind it, many analysts are expecting further upward momentum. But is it time to jump in, or should you wait for a better entry point? Let’s explore what’s next for XRP.
Ripple’s Victory: What Does It Mean for the Price?
The SEC’s lawsuit against Ripple accused the company of selling unregistered securities, but in July 2023, Judge Torres ruled that XRP itself wasn’t a security. While Ripple was fined $125 million for its institutional sales, its programmatic sales were deemed legal.
Now, with the SEC withdrawing its appeal, XRP has been officially cleared of security concerns. This is a huge win for Ripple and the broader crypto industry. But Ripple’s legal journey isn’t over, as it still faces the $125 million fine. If that’s reduced, we could see XRP’s price climb even higher.
XRP Price Prediction: Potential Growth, But Watch for Volatility
XRP has been on the rise, but experts believe there’s still significant room for growth. Some analysts predict that XRP could reach $5–$8 by 2025, especially now that it’s no longer considered a security. The possibility of an XRP ETF could also attract institutional investors, further boosting the price.
However, Coinfomania analyst advises that we may see some sideways movement or even a small dip before XRP takes off again. If you’re looking to buy, consider waiting for a pullback to $2.20 or a breakout above $2.80.
XRP Price Forecast: What’s the Next Target?
Right now, XRP is priced at $2.47. Our experts predict a 48.42% increase, which could bring XRP to $3.72 by April. The current market sentiment is positive, and XRP’s 50-Day Simple Moving Average sits at $2.45, suggesting further bullish momentum.
XRP is also expected to hit $2.61 by March 24, representing a 4.79% increase from the current price. Given the strong indicators, it could be an ideal time to buy into XRP.
For the latest XRP news, stay tuned for further updates on this exciting market development.
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