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Cryptocurrency News Articles
After SEC Lawsuit Dismissal, XRP Navigates Uncharted Waters
Mar 29, 2025 at 11:20 pm
March 29, 2025 – The digital asset XRP finds itself at a pivotal juncture, grappling with the aftermath of the Securities and Exchange Commission’s (SEC)
March 29, 2025 - As the dust settles on the Securities and Exchange Commission’s (SEC) dismissal of its lawsuit against Ripple, leaving a landmark regulatory development in its wake, the digital asset XRP finds itself at a pivotal juncture.
While this development was widely anticipated to ignite a significant price surge, the market’s response has been muted, leaving investors pondering the future trajectory of the token, currently trading at around $2.13, reflecting a 6% decline in the past 24 hours according to CoinMarketCap.
As XRP’s price oscillates between the potential for a deeper correction and the prospect of a substantial rebound, it’s crucial to consider the contrasting perspectives of analysts who are divided on the token’s short-term and long-term prospects.
With the SEC no longer intervening, XRP’s failure to capitalize on the positive regulatory news has sparked a debate, especially since it failed to break the $2.50 resistance level, followed by a sharp correction that breached the 20-day Exponential Moving Average (EMA) at $2.17.
This price action triggered a wave of selling pressure, pushing XRP towards critical support levels.
However, investment firm Bitwise provides a broader view in its report, presenting three price scenarios for XRP through the end of 2025. These scenarios depend on the momentum of adoption, especially in the digital asset tokenization market, which Bitwise projects to reach $11 trillion by 2030.
If XRP manages to capture a modest share of this expanding market, Bitwise’s bullish scenario predicts a year-end 2025 price target of $4.48. A more conservative growth outlook, based on consistent growth in related payment services, forecasts a price of $3.90.
But if XRP fails to secure significant institutional backing, leading to minimal price increases and a lower trading volume, Bitwise’s bearish scenario predicts a bleak year-end 2025 price of $1.82. This scenario highlights the importance of institutional interest in driving XRP’s long-term growth.
Amidst these long-term forecasts, TradingView analyst TehThomas offers a technical perspective, highlighting an ascending channel pattern in the 4-hour timeframe, characterized by higher highs and higher lows, suggesting an underlying bullish trend.
Currently, XRP’s price action is unfolding within the 0.618–0.65 Fibonacci retracement zone, also known as the “Golden Pocket,” a strong potential reversal or support area in chart analysis.
The price’s alignment with an “imbalance zone” provides further evidence for the possibility of a price rebound.
If XRP manages to hold the current levels within the Golden Pocket zone as key support, TehThomas predicts a potential 20% rally towards the $2.80–$2.90 resistance range.
This bullish outlook is contingent on XRP’s ability to withstand the current selling pressure and establish a firm foothold above the critical support levels.
The daily Relative Strength Index (RSI), currently at 52, provides additional context. This neutral reading suggests a balance between buyers and sellers, indicating a period of consolidation.
However, the RSI’s recent downward gradient indicates increasing sell-side pressure, which could jeopardize the bullish rebound scenario.
The RSI’s neutrality underscores the delicate balance between bullish and bearish forces in the XRP market. While the technical patterns suggest a potential rebound, the increasing sell-side pressure necessitates caution.
As predictions contrast and technical signals intertwine, investors are urged to exercise prudence and conduct thorough research before making any investment decisions.
The market’s muted response to the SEC’s lawsuit dismissal also highlights the importance of considering factors beyond regulatory developments.
Ultimately, the fate of XRP in the coming months depends on a complex interplay of macroeconomic conditions, institutional interest, and the cryptocurrency market’s broader trends.
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