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XRP News Today! A Pivotal Moment for XRP after SEC Dropping Its Appeal Against Ripple

The Samar Chronicle by The Samar Chronicle
April 3, 2025
in News
Reading Time: 4 mins read
XRP News Today! A Pivotal Moment for XRP after SEC Dropping Its Appeal Against Ripple
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Breaking XRP news! The SEC has dropped its appeal against Ripple, ending a multi-year legal battle. With regulatory clarity, experts predict an XRP ETF approval soon, potentially attracting major institutional investments. Stay updated on XRP’s market impact, price trends, and future outlook!

The cryptocurrency community has been buzzing with optimism following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC). On March 19, 2025, Ripple CEO Brad Garlinghouse officially announced that the case had concluded, with the SEC dropping its appeal against Ripple.

This marked the end of the $1.3 billion unregistered securities lawsuit that had been ongoing since December 2020.

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As a result of this resolution, many experts and market participants anticipate the approval of an XRP exchange-traded fund (ETF). Nate Geraci, president of advisory firm ETF Store, expressed confidence that it is only a “matter of time” before the SEC gives the green light to an XRP ETF.

Furthermore, he predicted that major asset managers such as BlackRock and Fidelity would be involved in offering the financial product.

Crypto prediction markets have echoed this sentiment. On March 26, 2025, the betting platform Polymarket estimated an 86% chance of an XRP ETF approval by December 31, 2025.

However, the likelihood of an approval before July 31 was only 42%. Polymarket’s historical accuracy in forecasting regulatory outcomes has added credibility to these predictions.

Market Reactions and Price Movements

Despite the significance of the legal resolution, the market response has been relatively muted. On March 19, XRP was trading at $2.32, showing a minor increase to $2.44 at the time of writing—a 5% uptick. And at the time of writing, XRP is trading at $2.0468 with a decrease of 6.11% in 24 hours.

Analysts attributed the subdued price reaction to the fact that the resolution had been widely anticipated and largely priced in.

Nicolai Sondergaard, a research analyst at Nansen, noted that while the legal victory was a milestone, it did not bring any unexpected surprises to the market.

However, investors remain optimistic about the long-term potential of an XRP ETF, which could attract substantial institutional investment and drive liquidity into the market.

The Growing Case for an XRP ETF

Following the SEC’s decision to withdraw its appeal, regulatory clarity around XRP has improved significantly. This development has bolstered hopes for the mainstream adoption of XRP within the financial sector.

The partnership between Ripple and BlackRock, a global investment management giant, further strengthens the case for an XRP ETF.

Historical data suggests that institutional investment via ETFs can have a transformative impact on a cryptocurrency’s market dynamics. For instance, BlackRock’s iShares Bitcoin Trust (IBIT) attracted over $39 billion in inflows when it launched a Bitcoin spot ETF in January 2024.

If a similar trend follows for XRP, its market valuation could rise significantly, potentially making it one of the most valuable non-stablecoin cryptocurrencies.

Technical Analysis and Future Price Predictions

Technical indicators for XRP suggest a mix of bullish and bearish signals. The asset recently encountered resistance at $2.48, forming a new support zone between $2.30 and $2.00.

MACD Indicator: The market experienced a bearish “Death Cross” followed by two bullish “Golden Cross” patterns, signaling potential upward momentum.

RSI Analysis: XRP briefly entered overbought territory before retracing to oversold levels, indicating that sellers temporarily dominated the market. However, the subsequent bounce suggests a possible trend reversal.

Key Price Levels: If XRP sustains above $2.36, it could push toward the $2.42 resistance level. Conversely, a dip below $2.32 may lead to further declines.

Market analysts believe that XRP could reach new highs in 2025, driven by institutional adoption and increased trading activity following ETF approval. If the BlackRock-backed XRP ETF materializes, XRP could mirror Bitcoin’s success, attracting long-term capital inflows and mainstream adoption.

Interactive Brokers and Crypto Expansion

In another positive development for XRP, Interactive Brokers recently announced support for the cryptocurrency, alongside Solana (SOL) and Dogecoin (DOGE).

The brokerage giant initially entered the crypto market in 2021, offering Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) through blockchain infrastructure firm Paxos.

Although Interactive Brokers’ former CEO, Thomas Peterffy, was initially skeptical about cryptocurrencies, he later advocated for modest Bitcoin allocations.

His changing stance reflects a broader shift in the financial industry’s perception of digital assets. The expansion of XRP’s availability on major brokerage platforms is a strong indicator of its increasing acceptance in traditional finance.

Conclusion: A Pivotal Moment for XRP

The resolution of Ripple’s legal battle with the SEC has set the stage for new opportunities in the cryptocurrency market. With increased regulatory clarity, an XRP ETF appears more likely than ever, potentially unlocking significant institutional investments and driving mainstream adoption.

While market reactions have been measured so far, the long-term outlook for XRP remains promising. The potential approval of an XRP ETF, combined with expanding brokerage support and major financial partnerships, could propel the asset to new heights.

Investors and market watchers will be keenly observing the next steps from regulators, financial institutions, and Ripple itself in the coming months.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
This press release has also been published on VRITIMES
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