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XRP has stalled this week even after Ripple CEO Brad Garlinghouse shared his views on how Ripple will compete with SWIFT. Ripple (XRP) was trading at $2.40 on Tuesday, holding steady over the past few days.
XRP is once again at a crucial juncture as it attempts to break above the daily 50-day Simple Moving Average (SMA).
This new addition builds on the company's existing acceptance of $ETH and $BTC. This will allow customers from Open House to use a wider range of digital assets to purchase property.
XRP's recent rally, partly driven by news of the Ripple case conclusion, continues to push the asset to new highs, potentially shaking up the cryptocurrency rankings by market capitalization.
XRP price has traded near the flatline today, consolidating near the $2.4 mark, but experts remained bullish on the future trajectory of the coin. In a recent analysis, a top expert has set a “conservative” target of $15 for Ripple's native asset, sparking market discussions.
The crypto market registered a marginal increase over the past 24 hours as prices steadied, with its current market cap at $2.83 trillion. Bitcoin (BTC) reached an intraday peak of $88,635 before declining and steadying itself around $86,500.
The crypto market demonstrates moderate price rebound patterns toward the end of Q1 2023. The Bitcoin value remains stable at $87K but alternate cryptocurrency prices demonstrate convincing upward price action.
Even though there has been a discernible decline in on-chain activity, XRP is demonstrating resilience as the price remains stable above important moving averages. XRP has slightly decreased by 0.43% over the past day, and it is currently trading at $2.43.
Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99 in 2025. XRP Price Today: XRP value has dropped 0.59% in 24 hours to $2.44. In the latest update, the U.S. SEC dropped its lawsuit against Ripple Labs.
Here are the latest developments around Ripple and its native token.
After a decisive legal victory against the SEC, XRP, Ripple's cryptocurrency, is experiencing a meteoric rise. This advancement has propelled its price and rekindled the hopes of investors betting on a bright future for blockchain.
XRP is riding a wave of renewed optimism as its price hovers at $2.45.
XRP remains stuck around the $2 level, with experts issuing warnings of restricted near-term growth prospects. According to recent analysis, the digital currency is going through a phase of uncommon stability that has investors speculating about its next step.
XRP's price struggles to build momentum on the SEC news, with key indicators warning of a bearish shift in trend.
The recovery in the digital currency ecosystem took a minor twist as most buyers cooled off, which has triggered mild liquidations for altcoins like Dogecoin (DOGE) and XRP. At the time of writing, CoinGlass data shows that Dogecoin currently has a bigger liquidation figure than XRP, a sign of over-leverage for the meme coin.
XRP price can register a massive rally this week amid reports that the US Securities and Exchange Commission (SEC) will vote on closing the Ripple lawsuit on March 27. The end of this case will also put Ripple's IPO plans in motion as the company seeks to be publicly listed in the US.
Jimmy Vallee, founder of Valhil Capital, is pushing for a massive $500 billion restitution for XRP holders. This push comes in response to the U.S. Securities and Exchange Commission's (SEC) 2020 lawsuit against Ripple, which alleged that XRP sales were unregistered securities offerings.
Ripple is struggling with the critical 100-day moving average, experiencing low volatility. However, the price action remains decisive, as a breakout or rejection at this level is likely to trigger a significant move.
Ripple CEO Brad Garlinghouse confirmed in an interview with FOX Business that financial institutions, particularly banks, are increasing their engagement with Ripple and XRP following the US Securities and Exchange Commission's (SEC) decision to end its investigation into the company.
XRP's price saw a 13% surge after the SEC dropped its case against Ripple Labs, potentially triggering optimism for future ETF approvals and a rise in market activity.
XRP shows promising signs for a potential breakout above $2.50, with technical patterns, reduced legal risks, and ETF speculation fueling bullish sentiment.
Prices of cryptocurrencies fluctuate quite often. Expert traders can capitalize on them, but constant market monitoring and adjusting trade strategies are still required, especially during a bear market.
ETPs, the heavily scrutinized investment vehicles, have delivered a resounding verdict: Ethereum is losing ground against XRP and Solana. According to CoinShares, net outflows from ETH-related products reached 86 million dollars in one week, while its rivals are nibbling away at market shares.
Coinbase, a prominent crypto exchange, draws a severe rebuke from XRP lawyers amid the Ripple Vs SEC lawsuit debate. In a recent development, XRP lawyer Bill Morgan questioned Coinbase's selfish motives, highlighting their deafening silence.
