In a recent update we reported on
the US Securities and Exchange Commission (SEC), under its new leadership, has taken a bold decision to walk away from the multi-year legal battle against Ripple Labs. In that report, Ripple boss Brad Garlinghouse highlighted in a video interview that this is a resounding victory for the blockchain company, the crypto industry, and all stakeholders.
Fascinatingly, XRP reacted by staging a 13% rally on its 24-hour price chart to hit $2.53. However, this momentum was short-lived as the asset took a nosedive to find support down the price curve.
At press time, the asset remains down across all the notable trading sessions as it falls by:
- 1.4% in the last 24 hours,
- 14% in the last seven days,
- 1% in the last 30 days,
- 0.03% in the last 90 days, and
- 8.8% from year to date.
Meanwhile, XRP has surged by 261.6% since March 2024.
According to multiple crypto analysts and renowned prediction platforms, the asset could soon witness an explosive surge. Analysts at CoinCodex, for instance, anticipate a bullish reversal to reach $4.21 by April 15, outshining its all-time high price of $3.4. Mathematically, the asset would need to rally by at least 87.11% to stand a chance.
Source: CoinCodex
Prior to this, the analysts had predicted that XRP could hit $3.3 by April 27. However, they cautioned that the current level could be a bad time to accumulate the asset.
The price of XRP is predicted to rise by 42.26% and reach $3.33 by April 27, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 40 (fear). XRP recorded 15/30 (50%) green days with 5.57% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.
Top Analysts Speak on XRP
Reviewing a recent submission by analyst Dark Defender, we found that XRP could hit $5 as its price chart shows buildable momentum. According to Dark Defender, XRP’s three-month candle will be closed on March 31. After this, the asset could hit between $5 and $8 and subsequently finish the cycle within the $18 and $23 price range.
When you zoom out, you can see a clear bullish momentum for XRP. There are ups & downs in smaller time frames, but the higher frames supersede smaller ones. 3rd Wave is targeting $5.85 to $8.076. 5th Wave is expected to finish the move between $18.22 and $23.20. (Not Financial Advice) Well, time will tell! Have a nice day!
Analysts also believe that the realization of these predictions could depend on the outcome of the April 3 closed-door meeting recently disclosed by the SEC. As mentioned in our previous news brief, investors are eager to know if XRP-related discussion, specifically, a potential approval of the related Exchange Traded Fund (ETF) applications, could be a topic of discussion.
Regardless of the outcome, a renowned trader called “Steph is Crypto” has advised investors to become rich by buying XRP below $25 and selling above $75, as explained in our last analysis.