On March 19, 2025, Ripple announced that the U.S. Securities and Exchange Commission (SEC) would withdraw its appeal in the case against XRP, ending a prolonged legal battle that began in 2020. This news boosted the value of XRP, which experienced a 10% increase following the announcement, reaching $2.55.
On March 20, XRP broke the resistance of $2.50, reaching a high of $2.59. This increase is attributed to the favorable conclusion of the litigation with the SEC, which has generated an increase in whale activity and demand for XRP.
Technical analysts suggest that if XRP maintains its support at the 20-day exponential moving average ($2.37), it could reach the $3 mark in the short term. Additionally, linear regression models indicate that XRP could reach $6.4 in March 2025, with a maximum potential of $27 by the end of the bullish cycle.
Currently, XRP is trading at $2.41, with a slight increase of 0.00837% compared to the previous close. The intraday high has been $2.43 and the low $2.36.
The recent resolution of the case with the SEC and bullish projections have strengthened XRP's position in the cryptocurrency market, generating positive expectations among investors.