XRP experienced a significant surge on March 19, increasing by over 12% after Ripple CEO Brad Garlinghouse announced the U.S. SEC had dropped its appeal against the company. This was a long-awaited moment for XRP fans.
However, the next day, the price quickly fell back below $2.50.
SEC Appeal Gone: Time to Cash Out on XRP?
In the past week, there has been little whale activity with XRP, leading to discussions on whether it’s the right time to sell. Some experts argue that now might not be the optimal selling point, thinking it could be a pause before a major move. Analyst Vandell predicts a significant rebound for XRP, estimating that it will not only recover but may even reach double digits this year.
Vandell believes the crypto market still resides within a bull market, emphasizing that the cycles, often referred to as the ‘four-year cycle,’ have not concluded yet.
> “XRP will reach double digits this year. I can’t believe people are selling now.” — Vandell | Black Swan Capitalist (@vandell33) March 21, 2025
Could XRP Really Surge to $10?
Despite speculation surrounding the end of the four-year cycle, Vandell maintains that strong underlying market factors persist. He notes that global liquidity and debt markets crucially influence crypto, especially Bitcoin and XRP. Historically, cryptocurrencies have tended to rise during liquidity expansion.
Related: Ripple’s SEC Victory: Appeal Dropped, But SEC Silence Leaves “Officially Over?” Question Hanging
XRP Price Analysis
Currently, XRP’s price is moving sideways. While no decisive breakout is evident, some anticipate an upward shift. The key support level to monitor is around $2.20, with expectations of an upward movement as long as it stays above this threshold.
Source: MoreCryptoOnline
Related: Ripple CTO Fires Back at IMF’s Claim, Insists XRP Doesn’t Qualify as a Security
Nevertheless, another dip is still a possibility before any substantial upward movement. The $1.90 support level is critical; if the price drops below it, attention may shift to $1.77, or possibly even down to $1.20. Currently, XRP is down over 1% and trading at $2.44.
Disclaimer: The information presented in this article is for informational and educational purposes only. This article does not constitute financial advice. Coin Edition is not responsible for any losses incurred due to the use of this content. Readers should exercise caution before taking any action related to the company.
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