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The XRP price rose over 1% in the last 24 hours to trade at $2.466 as of 2:36 a.m. EST, with trading volume plunging 21% to $2.3 billion.
This slight increase comes as Nate Geraci, a leading ETF (exchange-traded fund) analyst, said on X that BlackRock and Fidelity will join the XRP ETF race.
Ripple lawsuit coming to end…
Seems obvious spot XRP ETF approval simply matter of time IMO.
And yes, I expect BlackRock, Fidelity, etc to all be involved.
XRP currently 3rd largest non-stablecoin crypto asset by market cap.
Largest ETF issuers aren’t going to ignore this.
— Nate Geraci (@NateGeraci) March 26, 2025
Geraci also believes that the approval of the products is only “a matter of time.”
The optimism stems from the anticipation that the US Securities and Exchange Commission (SEC) will drop its case against Ripple.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
XRP Price Shows A Potential Breakout On The Horizon
The XRP price experienced a significant bullish rally from late 2024 into early 2025, surging from a consolidation phase into a strong uptrend.
This rally was marked by a steep incline, followed by a period of sideways movement as the price found resistance around the $3.35 level, according to data from GeckoTerminal.
Following this peak, the Ripple token price entered a falling channel pattern, characterized by a series of lower highs and lower lows.
This pattern typically indicates a corrective phase rather than a full reversal, suggesting the market underwent a healthy retracement after a strong bullish move.
The price of XRP has now approached the upper boundary of this descending channel and is showing signs of breaking out.
Additionally, the price of the Ripple token remains above the 200-day Simple Moving Average (SMA) at $1.75, which indicates that the long-term trend is still bullish.
The 50-day SMA, currently at $2.42, is acting as dynamic support, and XRP is consolidating just above it, which is a bullish sign that suggests buyers are regaining control.
Moreover, the Relative Strength Index (RSI) is currently at 52.77, which is in neutral territory. This reading suggests that the market is not overbought or oversold, leaving room for further price movement in either direction.
The blue Moving Average Convergence Divergence (MACD) line is above the orange signal line, though the histogram bars remain relatively small. This suggests that bullish momentum is slowly building.
Ripple Token Price Prediction
Based on the current technical setup, the XRP price appears poised for a breakout from the descending channel.
A successful breakout above $2.50–$2.60 could trigger a strong bullish continuation. The next resistance level is near the previous high of $3.00. If buying pressure persists, the price of the Ripple token could soon aim for the $3.50 level.
However, if the breakout attempt fails and the price of XRP falls back into the channel, support levels at $2.00 and $1.75 (200-day SMA) could come into play.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). The popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Closing On $28 Million – Next 100X Crypto?
As Solana’s popularity has grown, mainly thanks to platforms like Pump.fun, its infrastructure has been pushed to its limits.
Solaxy is positioning itself as Solana’s first true layer-2 network, designed to tackle the blockchain’s biggest pain points.
Solaxy addresses this problem by processing transactions off-chain, bundling them together, and settling them on Solana’s mainnet.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
This approach reduces congestion and speeds up transaction finality, benefiting traders and dApp developers.
Investors are actively buying into this idea, with the presale now garnering over $27.98 million.
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001674 each using BNB, ETH, USDT, or a bank card. Solaxy also offers holders who stake its SOLX token a huge annual yield of 146%.
Buy before a price hike in a little more than 8 hours to lock in the best deal.
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