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After years of legal battles between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the case is officially over
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has finally come to an end, pushing the price of XRP to new highs.
After years of litigation, the outcome of the SEC v. Ripple case has had a significant impact on the cryptocurrency industry, with traders and long-term holders closely following any developments. Today, March 19, following a case update, the asset has soared, gaining massive attention.
Current Price Momentum
XRP is currently trading near $2.51 and has registered a price surge of over 13% in the past 24 hours. However, during the same period, its trading volume skyrocketed by 90%, indicating increased interest and confidence among investors and traders following the end of the prolonged lawsuits.
XRP Technical Analysis and Upcoming Levels
With this impressive upside momentum, the asset has breached a descending trendline, which has been acting as resistance since January 2025. According to CoinPedia’s technical analysis, XRP now appears bullish and is poised for a massive upside rally.
Based on the recent price action and historical patterns, if the asset closes a daily candle above the $2.51 level, there is a strong possibility it could soar by 35% to reach its all-time high of $3.50 in the coming days.
The upside rally in XRP has begun, as it has successfully retested its 200 Exponential Moving Average (EMA) on the daily timeframe, further indicating that the asset is in an uptrend.
Traders Bullish Outlook
This legal victory against the SEC has shifted trader sentiment, with many now betting on the bullish side, as reported by the on-chain analytics firm Coinglass.
According to the latest data from Coinglass, traders are currently over-leveraged at $2.44 on the lower side, where they have built $37.75 million worth of long positions. On the other hand, $2.60 is another over-leveraged level, where traders hold $20 million worth of short positions.
This clearly indicates that traders with long positions are dominating the asset and could push XRP to reach its all-time high once again.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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