Highlights
- SEC’s legal case impacts XRP price, with the potential for a price surge.
- The XRP adoption reaches new highs, fueling a bullish outlook.
- Also, many are expecting $8B in investments from XRP ETFs if approved.
The price of XRP remains closely tied to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), a case that has stretched on for years, leaving many XRP investors uncertain.
Recent shifts in SEC leadership have sparked speculation among analysts and traders, with some suggesting that the agency might pull back from its appeal.
The SEC has already dropped enforcement actions against other crypto companies, leading experts to believe that Ripple could be next in line for a favorable decision.
Should the SEC withdraw its appeal, some analysts predict that XRP price could surpass its all-time high, with potential for reaching ambitious price targets. However, investor sentiment around the token’s price potential has been volatile.
According to Polymarket, the likelihood of XRP price hitting its all-time high in the first half of 2025 has dropped significantly, from 90% to 38%.
Additionally, the SEC is reviewing several applications for XRP exchange-traded funds (ETFs). If approved, these ETFs could bring in institutional investors, boosting demand for the token.
JPMorgan analysts estimate that XRP ETFs could attract up to $8 Billion in investments within a year, which could significantly drive up the Ripple price.
However, questions remain about whether XRP price will see substantial price gains or not. Keep reading to know more.
Could Onchain Growth Increase XRP Price Ahead?
Analysts point to XRP crypto’s increasing adoption and favorable market conditions as key factors supporting the possibility of a price rally.
Notably, analyst Ali Martinez highlighted that XRP price addresses have reached a record high of 6.87 million. This surge in adoption is fueling the bullish outlook for XRP, suggesting a larger investor base poised to drive the next market wave.
With more users entering the ecosystem, the potential for the Ripple price to appreciate becomes even more promising.
Also, recent data from the CoinGlass liquidation heatmap shows $2.70 and $3.00 as crucial short-term price targets, as many traders have set their stop-loss orders at these levels.
Historically, market prices often gravitate toward areas with significant stop-loss and leveraged positions, creating heightened volatility.
This trend suggests that XRP crypto could experience short-term gains, which, if sustained, may set the stage for a longer-term price increase.
Analyst Predicting That XRP Price Could Soon Reach New Levels
Crypto analyst Dark Defender recently shared his outlook on XRP price, suggesting that most of its corrective price movements are already behind. He noted that Ripple is now in the “Wave 1” phase, which has the potential to push its value higher.
Dark Defender identified key support levels for the Ripple price at $2.30 and $2.22, while resistance levels are seen at $3.39 and $5.85. These levels could serve as important indicators for the token’s next price movements.
In addition, crypto trader Steph_iscrypto offered an optimistic view, predicting that a breakout in the Ripple price is imminent. Many traders are closely monitoring price fluctuations, expecting further gains in the coming weeks.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
