Leading crypto exchange Bitrue has sparked excitement in the XRP community by suggesting the token could be primed for a significant rally.
In a social media post earlier today, Bitrue posed a question to the crypto community: "Are you ready to see XRP go to the moon?" The post quickly gained traction, with many enthusiasts expressing optimism about XRP’s potential price surge.
Why Is XRP Gaining Attention Now?
Bitrue’s statement coincides with a major development in the crypto space: the conclusion of the SEC vs. Ripple lawsuit. On March 19, Ripple CEO Brad Garlinghouse announced that the SEC had officially dropped its appeal, marking the end of the years-long legal battle.
The case initially reached a resolution in August 2024, when Judge Analisa Torres issued a final judgment, including a monetary penalty and an injunction against Ripple. However, the SEC later filed an appeal, prolonging uncertainty until this week’s decisive move by the agency’s new leadership.
The news had an immediate impact on XRP’s price, which surged 15% to nearly $2.60, briefly ranking among the top gainers. Many analysts believe this legal clarity could propel XRP toward new highs.
👉 Discover how major exchanges are reacting to XRP’s momentum
Market Reaction and Community Sentiment
Despite the initial surge, XRP’s price momentum slowed, with the token retracing to $2.45—still an 8% increase over 24 hours. Some community members expressed disappointment, questioning why XRP failed to sustain stronger gains after such pivotal news.
"This was major news, and nothing major happened to the price," remarked one X user. Another added, "The case ended, and XRP still can’t break $3."
Analyst Insights: What’s Holding XRP Back?
Crypto analyst Dom had previously warned that XRP’s post-settlement performance might underwhelm investors. He argued that the news was already priced in, given months of speculation leading up to the official announcement.
"Without an element of surprise, a major price surge was unlikely," Dom explained. He suggested that a significant Ripple partnership—rather than legal resolution alone—could be the catalyst needed for a sustained uptrend.
What’s Next for XRP?
With the legal overhang removed, attention now shifts to Ripple’s next moves. Potential developments include:
- Institutional adoption through Ripple’s payment solutions.
- Strategic partnerships with financial institutions.
- Expanded utility in cross-border transactions.
Many experts, including Alpha Lions Academy founder Edoardo Farina, have predicted that XRP could eventually reach $10 as adoption grows.
👉 Stay updated on XRP’s latest trends and analysis
FAQ
Why did XRP’s price drop after the SEC lawsuit ended?
The initial surge was followed by profit-taking, and some traders believe the news was already factored into the price.
What could drive XRP’s price higher now?
Key factors include institutional adoption, major Ripple partnerships, and broader crypto market trends.
Is XRP a good long-term investment?
While the legal clarity is positive, investment decisions should be based on thorough research and risk assessment.
Disclaimer: This content is for informational purposes only and not financial advice. Always conduct your own research before investing.
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