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XRP Price Finds Stability—Can It Turn Higher from Here?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

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IPO

Ripple CEO Confident of XRP Being Included in U.S. Strategic Reserve, Says IPO is 'Possible'

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Ripple CEO Brad Garlinghouse sees closely related XRP as part of the White House’s proposed digital asset stockpile and anticipates the launch of an XRP exchange-traded fund (ETF) before the end of 2025, per a Bloomberg Markets interview.

Garlinghouse’s optimism came after the resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which concluded with the agency dropping its case against the company on Wednesday.

“XRP was named by the President of Truth Social. (He said) there’s gonna be a bitcoin strategic reserve and a crypto stockpile that will include things like XRP,” Garlinghouse told Bloomberg’s Sonali Basak, referring to the initiative formalized by President Donald Trump’s executive order in early March.

The Ripple CEO also foresaw a “wave of XRP ETF approvals” in the second half of 2025, noting a growing list of over ten applications pending with the SEC from firms like Bitwise and Franklin Templeton.

“I have immense confidence in the ETFs,” he said, pointing to the success of XRP exchange-traded products (ETPs) outside the U.S. Meanwhile, a Ripple Labs IPO isn’t out of question either. “Something is possible; it isn’t a huge priority,” he said.

XRP has climbed 11% to over $2.51 in the past 24 hours, leading gains in the broader market. It has flipped USDT to become the third-largest token by market capitalization behind bitcoin (BTC) and ether (ETH) as of Asian morning hours Thursday.



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XRP Jumps as Ripple CEO Brad Garlinghouse Says SEC ‘Case Has Ended’

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Ripple Labs CEO Brad Garlinghouse said in a video shared to his X account Wednesday that the SEC will drop its appeal in the lawsuit it’s been pursuing against the firm for the past four years.

“I’m finally able to announce that this case has ended. It’s over,” Garlinghouse said on X, formerly known as Twitter. “Today is a victory and [a] long overdue surrender from the SEC.”

Ripple, which uses XRP Ledger and the XRP cryptocurrency, got a partial ruling in its favor in 2023, but the SEC filed an appeal seeking to have that decision overturned.

A federal New York judge found that Ripple’s “programmatic sales” of XRP on a secondary market did not constitute securities transactions, while those made to institutional investors did.

To be clear, the SEC has not yet made an announcement that it will drop its appeal. At the time of writing, the XRP price has climbed as high as 14% to $2.55, according to CoinGecko data.

A Ripple spokesperson confirmed to Decrypt that the SEC’s decision is “subject to Commission vote and approval.” It may take “several weeks” for the case to be officially withdrawn, they said, adding: “That timeline is completely in the SEC’s control.”

The SEC declined to comment when asked for details about the Ripple lawsuit by Decrypt.

A federal New York court ordered Ripple to pay a $125 million fine for XRP sales to institutions in August. The penalty was far below the agency’s $2 billion request, and it’s unclear how the SEC dropping its appeal could impact the decision in the Southern District of New York.

The SEC’s legal about-face was widely expected.

Since SEC Acting Chair Mark Uyeda took over, the regulator has retreated from several enforcement actions, including its cases against the crypto exchanges Coinbase and Kraken.

If the SEC had been successful in its Ripple case, it could have had wide reaching impact on which cryptocurrencies should be classified as securities versus commodities.

Ripple Labs Chief Legal Officer Stuart Alderoty told Decrypt in October, before President Donald Trump’s reelection, that the SEC’s appeal “will backfire.”

While he believed the Second Circuit Court of Appeals would grant a favorable decision for the firm, he also noted that the SEC “can withdraw their appeal anytime they want.”

Editor’s note: This story was updated to include a comment from a Ripple Labs spokesperson.

Edited by Stacy Elliott.

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Altcoin

XRP To Triple Digits? Analyst Confident In $100 Price Goal

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As one of the top-performing digital assets in the 4Q of 2024, it’s only natural that Ripple’s XRP attracts attention from its detractors and bullish supporters. The bearish sentiment has been wearing down the asset in the last few weeks, pushing the altcoin to as low as $1.96 last March 11th, the lowest in its three-month chart.

XRP has been highly volatile this month, trading between $2.30 and $2.47, still down by 1.6% from its previous month’s price. 

The sentiment is still bearish, but for some crypto analysts like Captain, XRP is set to increase, with $100 as its realistic target. Egrag Crypto, on the other hand, offers a more conservative estimate, saying that XRP can reach double digits this cycle.

Analyst Sets $100 As ‘Realistic’ Target

In a recent Twitter/X post, XRP Captain (@UniverseTwenty) shared that $100 is Ripple’s realistic target this cycle. The post has now received dozens of replies, but it leaves more questions than answers. For example, the crypto analyst failed to identify the timeframe for this surge or the factors or events that can trigger this surge.

XRP Captain’s latest tweet comes just as Egrag Crypto (@egragcrypto) added his thoughts on the coin’s direction. In the Twitter/X thread, Egrag Crypto boldly claims that XRP will hit double digits this cycle and surge to triple digits next.

To justify his predictions for the short term, Egrag Crypto used his “Just Do It” chart. He explained that the measured wave or cup pattern movement has formed within the arc, then added that the potential to this movement is $13.

Will XRP Break Past $300?

Ripple has a few bullish supporters right now, with crypto commentator Dark Defender adding his thoughts on the asset’s latest performance. According to Dark Defender, XRP can surge to $333 if it duplicates its impressive performance during the 2017 bull run. 

Dark Defender’s arguments and predictions for XRP received plenty of criticism. Some argue that XRP will not achieve this market price due to its market cap. Based on the current circulating tokens, XRP’s market cap will hit $1.6 trillion if its price just hits $280. Dark Defender shot down this argument and added that a crypto market cap doesn’t matter and is “just an illusion.”

Featured image from Pexels, chart from TradingView





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