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The XRP price surged 8% in the last 24 hours to trade at $2.48 as of 11:20 p.m. EST, with trading volume skyrocketing 274% to $10.1 billion.
This comes after Ripple CEO Brad Garlinghouse announced on Wednesday that the US Securities and Exchange Commission (SEC) is dropping its long-standing appeal 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
After the announcement, the XRP price jumped 14.8% from $ 2.29 earlier in the day to $2.58.
But can the Ripple token keep on soaring?
Ripple Token Price Preparing For A Massive Surge
The XRP price has been trading in a falling channel pattern since mid-January 2025. This pattern suggests a period of consolidation following a strong uptrend.
XRP experienced a significant price surge, pushing it from around $0.50 in early November 2024 to a peak above $3.00 in early 2025, according to GeckoTerminal data.
Currently, the Ripple token price is oscillating within the channel, finding support near $2.00 and facing resistance around $2.70.
The price is currently near the upper boundary of the channel, which means a breakout or rejection could determine the next major move.
XRP is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which puts the asset in a bullish stance and prepares for a breakout above.
The Relative Strength Index (RSI) is at 52.97, which is in the neutral zone (neither overbought nor oversold). This suggests there is still room for upward movement if buyers step in.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange) but remains close to the zero level.
If positive momentum builds up, this suggests a potential trend reversal. A strong, bullish crossover would reinforce the likelihood of a breakout.
XRP Price Prediction
With the XRP price trading near the top of its descending channel, the Ripple token is at a make-or-break level.
A breakout above the upper resistance ($2.70-$2.80) could send XRP toward $3.50 or higher, confirming a bullish continuation.
On the other hand, if the price of XRP gets rejected and falls back within the channel, it could revisit support levels around $2.00 or even $1.70 (200-day SMA).
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Hurtles Towards $11.5 Million In Presale – Next 10X Crypto?
The presale for leading Web3 wallet Best Wallet has been on an upward trajectory, as investors have already poured over $11.2 million into the project so far.
Lauded for its functionality and suitability for today’s market landscape, the non-custodial wallet recently reached over 500,000 total users, with over 250,000 monthly active users.
With a user-friendly design, advanced features, and high staking rewards, many see the project as the future of crypto wallets.
Unlike MetaMask, which is primarily Ethereum-focused, or Trust Wallet, which is great for beginners, Best Wallet supports over 60 blockchains.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
That means you can manage everything from the top altcoins to the latest up-and-coming tokens in one place.
Get In On Projects Early With The Upcoming Tokens Feature
Among the many features offered, its “Upcoming Tokens” section is attracting the most attention. This feature helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising projects is clear. It’s identified early tokens including Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that have delivered huge gains for early investors.
Currently, BEST tokens are priced at $0.0244. Investors can also stake BEST tokens for a huge 140% annual return.
Those interested in joining the project’s presale should buy BEST before a price hike in 12 hours.
Learn more about BEST on its official website.
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Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
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