XRP Price Prediction April 16, 2025: Can XRP Price Soar After SEC Case?
Jakarta, Pintu News – The cryptocurrency market looks forward to resolving the case between Ripple and the United States Securities and Exchange Commission (SEC). The case has long been considered an important catalyst for Ripple’s price growth.
With various bullish signals emerging, many wonder if XRP can add one more zero and reach the $10 price. Let’s explore further!
Effect of legal cases on XRP price
As the legal case between Ripple and the SEC nears its end, XRP price volatility is expected to increase. According to the latest report from attorney James K. Filan, there will be no further letter filings on April 16, with the agreed settlement pending approval from the commission.
Ripple CEO, Brad Garlinghouse, in an interview with Fox Business, stated that Ripple is ready to settle with a $50 million fine in the form of XRP tokens. If the US government holds these tokens, it could prompt a surge in the price of XRP past $10.
When Paul Atkins, who was recently confirmed by the US Senate, is sworn in as SEC Chairman, crypto-favorable changes are expected at the SEC, which will also positively impact the price of Ripple (XRP).
The resolution of the case will also attract institutional interest in the XRP token. Wall Street giants such as BlackRock are expected to file a spot XRP ETF after the case is closed.
Also read: April 16, 2025 Dogecoin Price: DOGE Potentially Explodes to $0.29, Crypto Analysts Explain!
Short-term Predictions and Potential for SWIFT Integration
In the short term, the XRP price has a bullish outlook. The daily chart shows that Ripple has bounced off the key demand zone and is now eyeing the next resistance at $2,347, which is also the PoC (Point of Control) line. PoC lines indicate points where a lot of trading activity takes place.
If Ripple can cross this level, the price increase will be further accelerated. However, the Relative Strength Index (RSI) is still neutral, and further buying activity is required to support the uptrend.
Additionally, reports from Coingape suggest that SWIFT might integrate with Ripple this month, which would support XRP’s price increase. The case settlement makes this integration more likely, making the price spike past $10 more feasible.
Read also: Price of 1 Pi Network (PI) in Indonesia Today (16/4/25)
XRP’s Long-Term Price Outlook
If Ripple (XRP) adds one zero to its price, this will push the price above $10. The previously mentioned catalyst could also push the rally towards $20. If Ripple reaches $10 with a current supply of 58 billion tokens, the market capitalization would reach $580 billion, making XRP the largest altcoin.
In a bolder scenario, the price of XRP could reach $20 and get a market capitalization of $1.16 trillion, competing with the dominance of Bitcoin . Davinci Jeremie, an early Bitcoin investor who bought BTC in 2011 for $1, believes that $20 is the ideal target price for XRP.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*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.
Reference
- Coingape. Will XRP Price Add a Zero as Ripple vs SEC Lawsuit Nears Conclusion. Accessed on April 16, 2025
- Featured Image: Bitcoinist
