XRP Price Slides As New Coinbase Lawsuit Says XRP Is A Security, While Traders Flock To $31M Solaxy Presale

The XRP price dropped over 1% in the last 24 hours to trade at $2.10 as of 5:50 a.m. EST on trading volume that went up 5% to $2.45 billion.

The latest price dip, which initially took XRP down from $2.13 to $2.07, came after a new Coinbase lawsuit that said XRP is a security.

After the US Securities and Exchange Commission (SEC) dropped its lawsuit against Coinbase and even reached a temporary deal with Ripple, Oregon Attorney General Dan Rayfield filed a complaint against Coinbase, accusing it of selling unregistered securities to US residents, referring to XRP.

We finally got a copy of the Oregon AG complaint. If there were any doubt about the motivation behind it, look no further than section 9, where it 1) omits Judge Failla’s order granting interlocutory appeal of the @SECGov case; 2) omits any mention of Judge Torres’ decision in… pic.twitter.com/mIXxtQ7ojH

— paulgrewal.eth (@iampaulgrewal) April 18, 2025

The exchange’s Chief Legal Officer, Paul Grewal, notified the crypto community in a tweet, saying that the Oregon AG was resurrecting the dead by bringing a copycat case of the SEC’s enforcement action against Coinbase.

XRP Price Prediction

With XRP’s price going up and down over the last few days, and especially in the last 24 hours due to the new Coinbase lawsuit involving the coin, the project’s Bollinger Bands saw repeated widening.

This suggests greater activity in the XRP ecosystem, as some who were concerned with the coin once again being targeted opted to sell. However, some saw an opportunity to buy XRP at a discount and increased buying power, pumping the coin’s price back up.

XRP/USDT chart analysis (Source: TradingView)

The XRP Relative Strength Index (RSI) value saw a major drop as the Coinbase lawsuit development came to light, going from the overbought zone at the value of 75 all the way down to 30 in the initial sell-off.

However, as some traders started buying XRP at a low price, the RSI first surged to the neutral zone, fluctuating between 40 and 60, only to then surge to the edge of the overbought area. While failing to reach 70 at first, even dropping back to 60, the XRP RSI is now climbing back up, indicating that traders are confident in the coin and are buying regardless of new events.

Promising Alternative To XRP

With XRP likely to see further fluctuations as the lawsuit unfolds, investors may turn to Solaxy (SOLX) as a high-quality alternative.

This is a new crypto designed in Solana’s ecosystem, and it will be its first layer-2 solution. It aims to help resolve the SOL network’s scalability issues.

As many likely know, Solana was created as a technologically superior alternative to Ethereum, which is slow, expensive, and unable to scale. Solana itself is far more scalable, and is much faster and cheaper to use. However, even its systems got overwhelmed by a massive increase in activity, which followed the rapid development of its meme coin sector.

Couple that with all the transactions involving dApps, DeFi, NFTs, GameFi, as well as regular trading and investing, and it is easy to understand why Solana has started seeing scalability issues. Unfortunately, the issues resulted in congestion, which has led to transaction failures.

This is where Solaxy comes in, as its technology allows it to offer unlimited scalability to Solana, eliminating the network’s congestion and transaction failures permanently.

Take a trip in the Solaxy! 🛸🪐

31M Raised! 🔥 pic.twitter.com/0iTcX4cqxh

— SOLAXY (@SOLAXYTOKEN) April 21, 2025

Its services are in such high demand that its ICO has already raised over $31 million, while the token is still selling for only $0.001702. Experts like ClayBro, a crypto YouTuber with over 136k subscribers, believe that Solaxy has 10x potential, noting that it is already setting records in Solana’s ecosystem.

Interested investors will want to buy before the next presale hike in around 29 hours.

Visit the Solaxy website.

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