Ripple vs. SEC: XRP Skyrockets After Cross-Appeal – Could XRP Hit $5?

Ripple’s legal battle with the SEC has taken another turn as the regulatory agency withdrew its appeal. In response, Ripple filed a cross-appeal to ensure all legal arguments were addressed. This latest development in the Ripple lawsuit has drawn significant attention, with investors closely monitoring the XRP price today for any market impact. Industry experts have begun offering XRP price prediction insights based on evolving market dynamics and legal outcomes.

Ripple’s Cross-Appeal: A Strategic Move 

Recent reports say that the case’s pace has increased as additional evidence comes to light, raising concerns about Ripple’s operations. The current situation has added volatility, prompting analysts to re-evaluate projections amid uncertain times. Key developments include detailed witness testimonies and a review of prior internal communications that may significantly impact the case’s outcome.

At the time of filing the cross-appeal, Ripple Chief Legal Officer Stuart Alderoty stated: “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.” Observers remark that an adverse finding might reduce interest in the crypto markets, but a positive result could boost investor confidence. As the courtroom drama continues, industry insiders warn that this Ripple lawsuit could set a precedent for how similar cases are handled in the future.

Ripple Breaks the $2.4312 Support

The trading day of March 20th started with a death cross at midnight, triggering a downward movement. The price initially found resistance at $2.5569, followed by a steady decline. Oversold conditions at 4:35 UTC and 5:20 UTC led the price to find support at $2.4312. A golden cross on the MACD at 5:55 UTC initiated an upward trend, but an overbought signal at 8:55 UTC led to another death cross at 9:45 UTC, pushing the price downward. Another death cross at 14:35 UTC intensified the decline. By 16:20 UTC, the price broke below support, confirming a breakdown at $2.4312. With oversold conditions at 16:25 UTC and 16:45 UTC, the price established a new support at $2.3891.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 21, 2025

As illustrated in Chart 1, a golden cross at 17:45 UTC fueled a recovery, allowing XRP to regain momentum into March 21st. The RSI indicator signaled overbought conditions at 1:50 UTC, meeting resistance at $2.4669. A death cross at 2:10 UTC initiated a downward movement. At 7:30 UTC, the price tested the $2.3891 support again, with RSI hitting oversold at 7:35 UTC before a golden cross at 7:45 UTC lifted prices. According to the XRP price prediction, if the upward momentum continues, XRP could break $2.4669. However, a failed recovery may lead to another support test at $2.3891.

Ripple Lawsuit Withdrawn: How It Affects XRP’s Future

With the Ripple lawsuit officially withdrawn, market uncertainty has eased, potentially paving the way for renewed investor confidence. XRP price today remains volatile, reacting to key technical levels. After testing support at $2.3891, XRP showed signs of recovery. If buying pressure increases, it could push toward the $2.4669 resistance. However, if bearish momentum returns, another breakdown is possible. XRP price prediction indicates that the legal clarity is positive for Ripple. Broader market trends and regulatory developments will continue to play a crucial role in shaping XRP’s price actions.