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Jakarta, Pintu News—Ripple’s legal victory over the SEC sparked a significant price rally for Ripple XRP1.83%->Current XRP PriceRp 35.9791.83%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar, fostering renewed optimism in the crypto market. After the official announcement, the price of XRP jumped 11% to around $2.40, equivalent to 39,242 IDR.
Brave New Coin says this momentum has prompted the cryptocurrency community to speculate that XRP will soon test the key resistance level at $2.71 or around 44,312 IDR. With technical support and increasingly positive market sentiment, XRP is now in the crypto world spotlight.
Ripple’s (XRP) victory in its lawsuit against the Securities and Exchange Commission (SEC) greatly boosted the project’s reputation and future. Ripple’s CEO, Brad Garlinghouse, emphasized the importance of regulatory clarity and stated that the crypto industry cannot continue to thrive under the shadow of legal action alone.
This court decision also strengthens Ripple’s position in pushing for a more constructive approach from regulators, including implementing sandbox or safe harbour policies, which has been successful in other countries. With this legal precedent in place, Ripple hopes to accelerate the adoption of cryptocurrencies, particularly XRP, in the global financial system.
Read also: 1 Pi Network (PI) Price in Indonesia Today (3/24/25)
Technically, XRP is currently consolidating in a symmetrical triangle pattern, signalling market participants’ confusion on the next price direction. However, the 50 EMA indicator on the 4-hour chart shows strong support around $2.37 (38,745 IDR), providing a major foothold for further rallies.
If XRP is able to break the resistance at $2.50 (40,877 IDR), then the price has the potential to continue moving to $2.59 (42,354 IDR) and eventually test $2.71 (44,312 IDR).
However, if the support at $2.31 (37,298 IDR) fails to hold, a price correction towards the $2.21 (36,082 IDR) to $2.13 (34,827 IDR) area is highly likely. An increase in trading volume would be the key confirmation of the upward breakout’s validity.
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Crypto analysts such as Jake Claver believe that XRP has the potential to reach a much higher valuation if it is able to capture a global market share of cross-border payments.
In an interview, Claver mentioned that if XRP can capture 10% of SWIFT’s transaction volume, its price could soar to $50 (817,550 IDR) or even $100 (1,635,100 IDR).
Furthermore, he revealed that 17 newly filed XRP-based ETFs have the potential to significantly increase market liquidity.
The existence of this ETF strengthens XRP’s position as a cryptocurrency ready to enter the mainstream financial system. The combination of clear regulation and institutional adoption is being called a “perfect storm” for XRP’s growth going forward.
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Ripple’s Chief Legal Officer, Stuart Alderoty, said that the SEC’s approach has deviated from the essence of securities law. Ripple believes that a litigation-based approach will only create confusion and slow down innovation in the cryptocurrency sector.
In response, Ripple is now lobbying the SEC to establish a crypto task force that encourages collaboration-based regulatory policies rather than sanctions.
This approach benefits not only Ripple but also the entire crypto ecosystem seeking legal certainty in the United States market. If successful, this move could serve as a blueprint for other countries in crafting pro-growth crypto policies.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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See Assets in This Article
1.8%
XRP Price (24 Hours)
1.60%
Market Capitalization
Rp 2.308 Triliun
Global Volume (24 Hours)
Rp 262,59 Triliun
Circulating Supply
Rp 57,18 Miliar