XRP loses momentum after legal victory against SEC, what’s the outlook?

Jakarta, Pintu News – After a significant legal victory against the United States Securities and Exchange Commission (SEC), the XRP cryptocurrency went through a consolidation phase. Despite initially showing a price surge, the bullish momentum has begun to fade, raising questions about the direction of the next price movement.

XRP Price Consolidation Post Legal Victory

On March 19, 2025, the SEC officially ended the lawsuit against Ripple, the company behind XRP. This news triggered a surge in XRP network activity, with the number of active addresses reaching an annual peak. However, the momentum did not last long. The latest data shows a decline in the number of active addresses, indicating reduced buying interest and liquidity in the market.

Also Read: Will Ripple (XRP) Surge? Latest Analysis and Predictions for April 2025

Technical Indicators Show Uncertainty

XRP’s Relative Strength Index (RSI) dropped from 63.90 to 52.89, signaling weakening bullish momentum and increasing uncertainty among market participants. In addition, Ichimoku Cloud analysis shows a flat trend with weak support, indicating a potential breakout or breakdown in the near future.

Large Investor Activity and Market Sentiment

Although the legal victory is expected to fuel the price rally, XRP is still facing bearish pressure. Several large investors (whales) reportedly made significant sales, with a decrease in accumulation of 20 million XRP since March 19. This decline in sentiment reflects investors’ skepticism towards XRP’s short-term prospects despite positive developments in the regulatory aspect.

XRP Price Outlook Going Forward

Currently, XRP is trading around $2.38, with a consolidation range between $2.35 and $2.47. If the selling pressure continues, there is a possibility of the price dropping to the support level of $2.10 or even $1.47. Conversely, if the bullish momentum returns, XRP could test the resistance level at $2.61 or higher.

Conclusion

While the legal victory against the SEC is an important achievement for Ripple and the XRP community, challenges remain in maintaining price momentum. Investors are advised to closely monitor technical indicators and market sentiment before making any investment decisions regarding XRP.

Also Read: Will Cardano (ADA) Surge? Check out the latest prediction in April 2025!

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. XRP Loses Momentum After SEC Boost and Enters Consolidation Phase. Accessed March 27, 2025.
• Featured Image: Generated by AI