XRP Price Jumps 4% to Trade at $2.45 as Trading Volume Surges 56% to $2.74 Billion

The surge in the XRP price continued after the US Securities and Exchange Commission (SEC) opted to drop its long-standing lawsuit against Ripple Labs

The price of XRP has risen by 4% in the last 24 hours to trade at $2.45 as of 3:30 a.m. EST on a 56% increase in trading volume to $2.74 billion.

The surge in the price of XRP continues after the U.S. Securities and Exchange Commission (SEC) opted to drop its long-standing lawsuit against Ripple Labs, leading to renewed optimism in the token market. With the lawsuit now nearing its end, analysts are predicting that the token could climb to $10 by 2030.

According to Bitget's Ryan Lee, the price of XRP could change massively depending on whether it manages to break out of its current trading range. While he notes that short-term fluctuations remain possible, long-term growth is expected if Ripple strengthens its role in global payments.

XRP Price Could Soar Above Triangle

At the moment, XRP is trading at $2.45 and has been consolidating within an asymmetrical triangle pattern on the 1-day chart. This follows a remarkable parabolic breakout that saw the price surge from around $0.50 to nearly $3.50. The pattern, characterized by lower highs and higher lows, usually signals an impending breakout.

Immediately, the next resistance level is positioned at around $2.55, acting as a crucial barrier for further price appreciation. A successful breach above this resistance could propel XRP towards its previous highs, with potential targets in the $3.50 to $4.00 range. Such a move would align with the optimistic outlook of many analysts, especially if Ripple's growing influence in cross-border payments continues to drive market confidence.

XRPUSDT Analysis Source: Tradingview

Conversely, a failure to break resistance could see the price retreat to the established support zone between $2.00 and $2.20. This area has acted as a solid foundation, with buyers stepping in to defend it during recent pullbacks. However, a breakdown below this support could expose XRP to further declines, potentially retesting the $1.50 level.

The Relative Strength Index (RSI) is currently at 52.30, suggesting that the market is neutral. The RSI is neither overbought nor oversold, leaving room for further price swings in either direction.

A reading above 60 would indicate increasing bullish momentum, supporting the case for a breakout. On the other hand, a drop below 40 would signal a growing bearish sentiment, raising the likelihood of a downward move.

Overall, the $2.50 level remains pivotal for XRP's next major move. A successful breakout above this level could usher in a fresh bullish phase, while a rejection or breakdown could lead to further consolidation or downside movement.

Solana Layer-2 Solaxy Storms Towards $28 Million In Presale

As XRP is preparing for a potential breakout above its triangle pattern, Solaxy (SOLX) is making waves, having raised over $27.6 million in its presale.

As Solana's first Layer-2 solution, Solaxy aims to tackle the Solana network's congestion challenges caused by the surging interest in SOL-based meme coins. Even U.S. President Donald Trump has joined in, introducing his own meme coins on Solana.

Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.Raised $10M+ in presale, ongoing until March 31, 2025.Pros:Aligns with Solana + memecoin trend.Public security audit.Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg

— Rayford Nelson (@RayfordN97369) March 13, 2025

Solaxy aims to address the congestion issues using rollups, a scaling technology that performs and bundles transactions off-chain before submitting them to Solana for final approval and storage. This approach reduces congestion and boosts the overall network efficiency.

Apart from solving congestion, Solaxy provides developers with easy-to-use tools for building and enhancing projects. It will also plan to bridge Solana and Ethereum, aiming to create a more robust Web3 infrastructure by combining the strengths of both networks.

Investors' confidence in SOLX is evident, and crypto analyst and YouTuber Jacob Bury, who boasts over 55.7K subscribers, predicts a potential 10X surge in the token's value post-launch.

Investors can also benefit by staking their SOLX tokens, which accrues annual returns of 147%. To date, over 7.6 billion tokens have been staked.

Currently, SOLX tokens are available at $0.001672, and you can purchase them using crypto or a bank card through the website widget.