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The XRP price has jumped 4% in the last 24 hours to trade at $2.45 as of 3:30 a.m. EST on a 56% jump in trading volume to $2.74 billion.
The surge in the XRP price continued after the US Securities and Exchange Commission (SEC) opted to drop its long-standing lawsuit against Ripple Labs, leading to renewed optimism in the XRP market. With the lawsuit nearing its end, analysts are predicting the token could climb to $10 by 2030.
According to Bitget’s Ryan Lee, XRP’s price could significantly change depending on whether it breaks out of its current trading range. While short-term fluctuations remain possible, long-term growth is expected if Ripple strengthens its role in global payments.
XRP Price Signals A Surge Above A Triangle
XRP is currently trading at $2.45 and has been consolidating within an asymmetrical triangle pattern on the 1-day chart. This comes after a notable parabolic breakout that saw the price surge from around $0.50 to nearly $3.50. The pattern, characterized by lower highs and higher lows, often signals an impending breakout.
The immediate resistance level is positioned at approximately $2.55, acting as a critical barrier for further price appreciation. A successful breach above this resistance could propel XRP towards its previous highs, with potential targets in the $3.50 to $4.00 range. Such a move would align with the optimistic outlook of many analysts, especially if Ripple’s growing influence in cross-border payments continues to drive market confidence.
XRPUSDT Analysis Source: Tradingview
Conversely, a failure to break resistance could see the price retreat to the established support zone between $2.00 and $2.20. This area has acted as a solid foundation, with buyers stepping in to defend it during recent pullbacks. However, a breakdown below this support could expose XRP to further declines, potentially retesting the $1.50 level.
The Relative Strength Index (RSI) is currently at 52.30, suggesting that the market is neutral. The RSI is neither overbought nor oversold, leaving room for further price swings in either direction.
A reading above 60 would indicate increasing bullish momentum, supporting the case for a breakout. On the other hand, a drop below 40 would signal a growing bearish sentiment, raising the likelihood of a downward move.
The $2.50 level remains pivotal for XRP’s next major move. A successful breakout above this level could usher in a fresh bullish phase, while a rejection or breakdown could lead to further consolidation or downside movement.
Solana Layer-2 Solaxy Storms Towards $28 Million In Presale
As XRP gears up for a potential breakout above its triangle pattern, Solaxy (SOLX) is making waves, having raised over $27.6 million in its presale.
As Solana’s first Layer-2 solution, Solaxy aims to tackle the Solana network’s congestion challenges caused by the surge in SOL-based meme coins. Even US President Donald Trump has joined in, introducing his own meme coins on Solana.
Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg— Rayford Nelson (@RayfordN97369) March 13, 2025
Solaxy aims to address the congestion issues using rollups, a scaling technology that processes and bundles transactions off-chain before submitting them to Solana for final approval and storage. This approach reduces congestion and boosts overall network efficiency.
Beyond solving congestion, Solaxy provides developers with easy-to-use tools for building and enhancing projects. It also plans to bridge Solana and Ethereum, fostering a more robust Web3 infrastructure by leveraging the strengths of both networks.
Confidence in SOLX is growing, with crypto analyst and YouTuber Jacob Bury, who as over 55.7K subscribers, predicting a potential 10X surge in the token’s value post-launch.
Investors can also benefit from staking their SOLX tokens, earning impressive annual returns of 147%. Over 7.6 billion tokens are already staked.
Currently, SOLX tokens are available at $0.001672, and you can purchase them using crypto or a bank card through the website widget.
With a price increase in less than 8 hours, now could be the perfect time to buy and lock in the best deal.
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