- Ripple’s SEC lawsuit settlement has sparked optimism, with XRP up 261.6% since March 2024, despite recent market dips.
- Predictions suggest XRP could reach a new all-time high of $4.21 by mid-April 2025, marking a potential 87.11% rally.
Earlier this month, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) is no longer pursuing its lawsuit against the fintech company. The news sparked a brief rally in XRP, Ripple’s native cryptocurrency. However, following a broader market correction, XRP’s price has fallen back to its pre-announcement levels. As of now, XRP is down 4.5% on the daily charts, 6.6% on the weekly charts, 1.7% over the last 14 days, and 2.3% for the month. Despite the dip, the asset has surged by an impressive 261.6% since March 2024, signaling a potential for further growth.
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Cryptocurrency Market in Consolidation
XRP’s recent price movements are not isolated. The entire cryptocurrency market appears to be undergoing a consolidation phase. Bitcoin (BTC), for example, briefly reclaimed the $88,000 mark earlier this week but has since slipped back to the $86,000 level. XRP, as usual, follows Bitcoin’s trajectory, reflecting the overall sentiment in the market. This stagnation could be attributed to broader macroeconomic factors, including the U.S.’s decision to ease tariffs. This move could provide some relief for investors, especially those in the crypto space.
Additionally, the SEC’s announcement of four upcoming crypto roundtables signals a potential shift in regulatory approaches that could boost market confidence. If investor sentiment improves, Ripple’s XRP could see a significant uptick in value.
Will XRP Hit a New All-Time High?
XRP reached an all-time high of $3.40 in January 2018, but it has struggled to replicate that success since. The primary reason for this lack of momentum has been the ongoing SEC lawsuit, which clouded the future of the digital asset for years. With the lawsuit now behind Ripple, many are hopeful that XRP can return to its former highs—or even surpass them.
The outlook for XRP seems promising. According to CoinCodex, XRP is expected to rally in the coming weeks, with some predictions suggesting it could hit a new all-time high of $4.21 by April 15, 2025. This would represent an 87.11% increase from its current value, marking a significant milestone for Ripple’s token.
The Road Ahead
While the recent dip in XRP’s price might seem discouraging to some investors, it’s important to keep in mind the broader market trends. As Ripple’s legal challenges dissipate and macroeconomic conditions stabilize, XRP could very well continue its upward trajectory. With renewed confidence in the asset, the $4 mark may not be far off for XRP, especially as the cryptocurrency space prepares for a potential resurgence.
