XRP Price Surge by 250%? How a Legal Victory Could Push Prices to Record Highs of $7!

    Let's explore XRP's latest price surge as Ripple's legal battle nears resolution. Will XRP confirm its breakout or face resistance? Read the latest XRP price prediction and market trends.

    News Room

    Author by

    News Room

    Updated Mar 24, 2025 5:49 PM GMT+0
    XRP Price Surge by 250%? How a Legal Victory Could Push Prices to Record Highs of $7!

    XRP price surge gains pace as a major win in Ripple’s legal battle with the SEC boosts investor confidence. The lawsuit alleges that Ripple is selling XRP as unregistered securities. That suppressed its price and adoption for years as exchanges delisted the token. However, on March 19, 2025, Ripple CEO Brad Garlinghouse announced that the SEC intends to drop its appeal, fueling renewed investor confidence.

    This legal shift is not only improving XRP market trends but also boosting its adoption. The decision provides much-needed regulatory clarity. It affirms XRP’s status as a non-security for retail sales consistent with prior court rulings. This paves the way for broader institutional adoption and a potential spot for an XRP ETF approval. The market is reacting positively, with trading volume surging as optimism grows. As XRP price prediction models anticipate further movement, investors are closely watching key resistance levels. Garlinghouse stated that the decision “provides a lot of certainty for Ripple” and that the case is effectively over.

    Ripple is testing the 50-day SMA at $2.52, a key level in XRP market trends signaling potential bullish momentum. The XRP price surge continues as the token attempts to break this resistance, fueled by optimism surrounding the lawsuit. A successful close above $2.52 could push XRP toward $2.80, followed by major resistance at $3.40.

    Chart 1, Analyzed by ShwetaCW, published on TradingView, March 24, 2025

    On the downside, if XRP fails to hold above the 50 SMA, support lies near $2.43. The market’s reaction to legal developments remains crucial, and XRP price prediction models indicate further volatility. The coming days will determine whether this breakout holds or faces rejection.

    XRP Breaks Key Resistance $2.4695

    The trading day of March 23rd started with an upward trend fueled by the previous day’s golden cross. The price hit resistance at $2.4282 after an overbought situation at 11:20 UTC. A death cross at 14:20 UTC led to a downward trend, with the price finding support at $2.3859 during an oversold phase at 18:20 UTC. A golden cross at 18:45 UTC signaled an upward move, but another oversold event at 21:15 UTC caused fluctuations. The price attempted to break resistance three times (23:30, 23:55, and 00:30 UTC, March 24), but each failed. A death cross at 00:50 UTC pulled the price back.

    Chart 2, Analyzed by ShwetaCW, published on TradingView, March 24, 2025

    As illustrated in Chart 2, at 2:35 UTC, a golden cross finally broke resistance, leading to a new resistance at $2.4695 after an overbought situation at 5:50 UTC. A death cross at 5:30 UTC hinted at a downward move, but a golden cross at 8:10 UTC revived the trend. Now, the XRP price prediction depends on confirming the breakout. If it holds, XRP could target $2.4800 and beyond. Otherwise, it may fluctuate between $2.4695 and $2.4282 or break below support.

    The latest legal development has reignited XRP market trends, with investor sentiment turning bullish. As Ripple moves closer to regulatory clarity, the XRP price surge reflects renewed confidence. However, XRP price prediction now hinges on confirming the breakout. If it sustains momentum, it could target $2.4800 and beyond, reinforcing bullish sentiment. Conversely, failure to hold above key levels may lead to fluctuations between $2.4695 and $2.4282 or could break below support. The coming sessions will determine whether this rally continues or faces renewed selling pressure amid ongoing market volatility.

    News Room

    News Room

    Editor

    Newsroom is the editorial team of CoinfoMania, delivering 24/7 crypto news, market insights, and in-depth analysis. With 30+ journalists worldwide, we keep you ahead in the blockchain space.

    Read more about News Room

    Loading more news...