Singapore
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Get Guaranteed Publications in minimum 40 Media Outlets for Just S$50
Try it >>
press release

/ XRP News Today! A Pivotal Moment for XRP after SEC Dropping Its Appeal Against Ripple

XRP News Today! A Pivotal Moment for XRP after SEC Dropping Its Appeal Against Ripple

Bitrue
Breaking XRP news! The SEC has dropped its appeal against Ripple, ending a multi-year legal battle. With regulatory clarity, experts predict an XRP ETF approval soon, potentially attracting major institutional investments. Stay updated on XRP’s market impact, price trends, and future outlook!
preview

The cryptocurrency community has been buzzing with optimism following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC). On March 19, 2025, Ripple CEO Brad Garlinghouse officially announced that the case had concluded, with the SEC dropping its appeal against Ripple.

This marked the end of the $1.3 billion unregistered securities lawsuit that had been ongoing since December 2020.

As a result of this resolution, many experts and market participants anticipate the approval of an XRP exchange-traded fund (ETF). Nate Geraci, president of advisory firm ETF Store, expressed confidence that it is only a "matter of time" before the SEC gives the green light to an XRP ETF.

Furthermore, he predicted that major asset managers such as BlackRock and Fidelity would be involved in offering the financial product.

Crypto prediction markets have echoed this sentiment. On March 26, 2025, the betting platform Polymarket estimated an 86% chance of an XRP ETF approval by December 31, 2025.

However, the likelihood of an approval before July 31 was only 42%. Polymarket’s historical accuracy in forecasting regulatory outcomes has added credibility to these predictions.

Market Reactions and Price Movements

Despite the significance of the legal resolution, the market response has been relatively muted. On March 19, XRP was trading at $2.32, showing a minor increase to $2.44 at the time of writing—a 5% uptick. And at the time of writing, XRP is trading at $2.0468 with a decrease of 6.11% in 24 hours.

XRP price on Bitrue Market
XRP price on Bitrue Market

Analysts attributed the subdued price reaction to the fact that the resolution had been widely anticipated and largely priced in.

Nicolai Sondergaard, a research analyst at Nansen, noted that while the legal victory was a milestone, it did not bring any unexpected surprises to the market.

However, investors remain optimistic about the long-term potential of an XRP ETF, which could attract substantial institutional investment and drive liquidity into the market.

The Growing Case for an XRP ETF

Following the SEC’s decision to withdraw its appeal, regulatory clarity around XRP has improved significantly. This development has bolstered hopes for the mainstream adoption of XRP within the financial sector.

The partnership between Ripple and BlackRock, a global investment management giant, further strengthens the case for an XRP ETF.

Historical data suggests that institutional investment via ETFs can have a transformative impact on a cryptocurrency's market dynamics. For instance, BlackRock’s iShares Bitcoin Trust (IBIT) attracted over $39 billion in inflows when it launched a Bitcoin spot ETF in January 2024.

If a similar trend follows for XRP, its market valuation could rise significantly, potentially making it one of the most valuable non-stablecoin cryptocurrencies.

Technical Analysis and Future Price Predictions

Technical indicators for XRP suggest a mix of bullish and bearish signals. The asset recently encountered resistance at $2.48, forming a new support zone between $2.30 and $2.00.

MACD Indicator: The market experienced a bearish "Death Cross" followed by two bullish "Golden Cross" patterns, signaling potential upward momentum.

RSI Analysis: XRP briefly entered overbought territory before retracing to oversold levels, indicating that sellers temporarily dominated the market. However, the subsequent bounce suggests a possible trend reversal.

Key Price Levels: If XRP sustains above $2.36, it could push toward the $2.42 resistance level. Conversely, a dip below $2.32 may lead to further declines.

Market analysts believe that XRP could reach new highs in 2025, driven by institutional adoption and increased trading activity following ETF approval. If the BlackRock-backed XRP ETF materializes, XRP could mirror Bitcoin’s success, attracting long-term capital inflows and mainstream adoption.

Interactive Brokers and Crypto Expansion

In another positive development for XRP, Interactive Brokers recently announced support for the cryptocurrency, alongside Solana (SOL) and Dogecoin (DOGE).

The brokerage giant initially entered the crypto market in 2021, offering Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) through blockchain infrastructure firm Paxos.

Although Interactive Brokers’ former CEO, Thomas Peterffy, was initially skeptical about cryptocurrencies, he later advocated for modest Bitcoin allocations.

His changing stance reflects a broader shift in the financial industry’s perception of digital assets. The expansion of XRP’s availability on major brokerage platforms is a strong indicator of its increasing acceptance in traditional finance.

Conclusion: A Pivotal Moment for XRP

The resolution of Ripple’s legal battle with the SEC has set the stage for new opportunities in the cryptocurrency market. With increased regulatory clarity, an XRP ETF appears more likely than ever, potentially unlocking significant institutional investments and driving mainstream adoption.

While market reactions have been measured so far, the long-term outlook for XRP remains promising. The potential approval of an XRP ETF, combined with expanding brokerage support and major financial partnerships, could propel the asset to new heights.

Investors and market watchers will be keenly observing the next steps from regulators, financial institutions, and Ripple itself in the coming months.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
Contact
Fransiskus Email: fransiskus@bitrue.com

Categories
Cryptocurrency

Other Press Release
Cryptocurrency
Top 9 Meme Coins to Watch in April 2025: Market Trends and Future Prospects
Bitrue
Mar 31, 2025

Cryptocurrency
Solana (SOL) Price Prediction April 2025, Eyes Potential Breakout Past $300!
Bitrue
Mar 31, 2025

Cryptocurrency
Ethereum Market Analysis: Price Prediction for April 2025
Bitrue
Mar 27, 2025

Cryptocurrency
XRP Price Prediction for April 2025: Will It Cross $3 Soon?
Bitrue
Mar 26, 2025

Cryptocurrency
Top 3 Crypto Airdrops to Watch in Late March 2025: Get Free BTC!
Bitrue
Mar 25, 2025

Cryptocurrency
Rats Kingdom Token Listing Date: RK Token Price Prediction after Launch
Bitrue
Mar 25, 2025

Cryptocurrency
The Impact of Trump's "Liberation Day" Tariffs on April 2: Price of XRP, BTC, SOL Rise Up?
Bitrue
Mar 24, 2025

Cryptocurrency
XRP Price Prediction after SEC Lawsuit Dismissal: Can XRP Break the $3.40 Barrier?
Bitrue
Mar 24, 2025

Cryptocurrency
Ripple’s Victory as SEC Drops Appeal: Celebrate with Bitrue's Staking Pool to Get 5% APY!
Bitrue
Mar 20, 2025

Cryptocurrency
XRP News Today! XRP Price Gains Nearly 10% after Ripple’s Victory as SEC Drops Lawsuit
Bitrue
Mar 20, 2025

Cryptocurrency
Ripple vs SEC Update Today: A Landmark Victory for Crypto
Bitrue
Mar 20, 2025

Cryptocurrency
Bitcoin Price Predictions and Trends for 2025: Will BTC Price Back to $100,000?
Bitrue
Mar 19, 2025

Cryptocurrency
XRP News Today! SEC vs. Ripple: Speculation Grows Over Potential Appeal Withdrawal
Bitrue
Mar 18, 2025

Cryptocurrency
XRP News Today! Update SEC vs. Ripple: A Pivotal Phase and Market Implications
Bitrue
Mar 17, 2025

Politics / Government / Local government
Could Crypto Investors in the U.S. Soon Be Free from Taxes?
Bitrue
Mar 17, 2025

Cryptocurrency
XRP News Today! The Future Hinges on ETF Approval and SEC Developments
Bitrue
Mar 17, 2025

Cryptocurrency
XRP News! SEC Delays Spot Crypto ETF Decisions, Impacting Market Prices
Bitrue
Mar 12, 2025

Cryptocurrency
XRP News and the Cryptocurrency Market: ETF Developments, Regulatory Shifts, and Price Trends
Bitrue
Mar 12, 2025

Cryptocurrency
Bitcoin Price Falls Below $80,000 Amidst Market Turmoil, Can BTC Rebound?
Bitrue
Mar 11, 2025

Cryptocurrency
XRP News Today: XRP Price Fluctuations Amid Strategic Reserve Uncertainty
Bitrue
Mar 11, 2025

Cryptocurrency
Will Bitcoin Price Continue to Fall after Trump's New Rule: What's Next For BTC?
Bitrue
Mar 10, 2025

Cryptocurrency
XRP News Today! U.S. Government's Crypto Strategy: A Game-Changer for XRP?
Bitrue
Mar 10, 2025

Cryptocurrency
Strategic Crypto Reserve Prioritizes XRP, SOL, and ADA Than Bitcoin? Here’s the Analysis
Bitrue
Mar 06, 2025

Cryptocurrency
XRP Price Prediction 2025-2027: Can It Still Deliver Big Returns?
Bitrue
Mar 06, 2025

Mobile games
Confirmed! PAWS is Set for March 2025 Listing, Airdrop, and Price Prediction!
Bitrue
Mar 06, 2025

Politics / Government / Local government
The Bitcoin Strategic Reserve & Trump’s Vision for Crypto Regulation
Bitrue
Mar 05, 2025

Cryptocurrency
Cryptocurrency and Financial Markets React to Trump's Tariff Policies
Bitrue
Mar 04, 2025

Cryptocurrency
XRP Price Plunges as Trump’s Tariffs and Market Liquidations Weigh on Crypto Sector
Bitrue
Mar 04, 2025

Cryptocurrency
Cardano (ADA) Price Skyrockets: Market Trends, Political Influence, and Future Outlook
Bitrue
Mar 03, 2025

Politics / Government / Local government
Donald Trump Announces U.S. Strategic Crypto Reserve, Crypto Markets Soaring
Bitrue
Mar 03, 2025

Mobile games
Comprehensive Guide to the ARI Wallet Airdrop
Bitrue
Feb 27, 2025

Cryptocurrency
PAWS Price Prediction after Listing, An Analysis of the Future Potential
Bitrue
Feb 26, 2025

Cryptocurrency
BTC Price Decline Under 87K and Market Reaction of Bitcoin’s Rollercoaster Ride
Bitrue
Feb 26, 2025

Cryptocurrency
XRP Price Prediction: Can XRP Soar Beyond $4 by March 2025?
Bitrue
Feb 25, 2025

Cryptocurrency
Is XRP a Good Investment for the Future? An Analysis of XRP's Prospects in 2030
Bitrue
Feb 25, 2025

Cryptocurrency
XRP Price Prediction 2025, SEC Regulatory Challenges, Market Trends, and Ripple Growth Opportunities
Bitrue
Feb 24, 2025

Cryptocurrency
XRP News Today! XRP-Spot ETF Developments, Can XRP Price Break Through $5?
Bitrue
Feb 20, 2025

Cryptocurrency
Crypto News Today! DOGEN's Meteoric Rise and the Shifting Landscape of Meme Coins
Bitrue
Feb 19, 2025

Cryptocurrency
Pi Network's Open Mainnet Launch: A New Era for Mobile Cryptocurrency?
Bitrue
Feb 19, 2025

Cryptocurrency
Crypto News Today: Market Faces Broad Decline Amid Market Correction and Regulatory Uncertainty
Bitrue
Feb 18, 2025

Cryptocurrency
Solana Market Analysis & SOL Deposit Contest, Get a Chance to Win 1,300 SOL
Bitrue
Feb 17, 2025

Cryptocurrency
XRP Price Prediction February 2025: Can It Reach $100?
Bitrue
Feb 17, 2025

Cryptocurrency
Trump’s New Tariff Strategy and Its Impact to Crypto Market: Latest Update!
Bitrue
Feb 15, 2025

Cryptocurrency
Pi Network Price Prediction 2025-2030, A Comprehensive Outlook!
Bitrue
Feb 14, 2025

Cryptocurrency
Everything You Need to Know about Pi Network Open Network Mainnet Launch Date!
Bitrue
Feb 14, 2025

Cryptocurrency
XRP's Price Long-Term Potential: Can It Reach $1,000?
Bitrue
Feb 12, 2025

Mobile games
Hamster Kombat Announces Season 2: GameDev Heroes, A New Way to Play!
Bitrue
Feb 11, 2025

Cryptocurrency
XRP Price Trends Today and Regulatory Uncertainty: A Comprehensive Analysis
Bitrue
Feb 10, 2025

Cryptocurrency
Bitcoin and Nasdaq QQQ: A Historical Parallel and Future Implications
Bitrue
Feb 10, 2025

Bitrue
URL
https://www.bitrue.com/
Industry
Service
Weekly Release Ranking
Mar 25, 2025 2025
Rats Kingdom Token Listing Date: RK Token Price Prediction after Launch
Bitrue
VRITIMES Video
vritimes na euvritimes jpFree consultationManual EbookPR College