Astonishing Prediction: Ripple (XRP) price to hit $5 after legal ruling!

Jakarta, Pintu News – After the end of the legal case between Ripple (XRP) and the SEC, the price of Ripple (XRP) is showing strong bullish signals. Market analysts have identified a great opportunity for Ripple (XRP) to reach a price target of up to $5. This rise is being driven by the resolution of a case that has lasted more than five years, removing a major obstacle that previously limited the growth potential of Ripple (XRP).

Technical Analysis Shows Strong Bullishness

Ripple (XRP) recently managed to break the long-term downtrend line that has been in place for some time. This signals the possible beginning of a strong bullish trend. Dark Defender analysts noted that this breakout was accompanied by a strong green candlestick, indicating significant buying pressure.

With the support of the Fibonacci retracement levels, it is expected that the price of Ripple (XRP) will continue to increase past $3.40 and $3.78 before finally reaching the $5 target. The Elliott wave structure outlined by market analysts also supports the projected increase in the price of Ripple (XRP).

According to this analysis, Ripple (XRP) is in an impulsive wave pattern that suggests further upside potential. The breakout from this trendline supports the projection of a strong bullish phase, which investors and market watchers have been waiting for.

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Concerns on Whale Accumulation and Use of Leverage

While the bullish outlook seems encouraging, there are concerns about the nature of the Ripple (XRP) price increase. Analyst Ali Martinez highlights that data from Santiment shows that large investors or whales are not contributing much to this price increase. This raises questions about the sustainability of the Ripple (XRP) price rally.

Additionally, further analysis showed that open interest in Ripple (XRP) futures increased by $200 million, signaling that the price spike was driven by the use of leverage rather than organic buying. The dominance of leverage in price movements can lead to increased market volatility, potentially leading to a significant price correction.

Price Predictions and Future Upside Potential

The breakout above a key resistance level has sparked renewed interest in the price movement of Ripple (XRP). Analysts remain optimistic about a potential price rise towards $5, supported by technical indicators and the resolution of the Ripple vs. SEC case. A recent report from CoinGape also highlighted that Ripple (XRP) could surge up to $20 if the US SEC approves the 18 pending Ripple (XRP) ETF applications.

As of writing this article, Ripple (XRP) is trading at $2.51, showing a 9% increase in the last 24 hours. Ripple (XRP)’s 24-hour trading volume also increased by 178.83%, reaching $9.74 billion, signaling increased market activity.

Conclusion

With the end of the Ripple vs. SEC legal case, a new era has likely begun for Ripple (XRP). With the support of technical analysis and increased interest from the market, the future of Ripple (XRP) looks bright. Investors and market watchers will continue to monitor this development with great enthusiasm.

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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

• Coingape. Analyst Reveals XRP Price Path to $5 as Ripple vs SEC Lawsuit Ends. Accessed on March 21, 2025
• Featured Image: Bitcoin News