XRP News: Speculation Grows That XRP Could Hit $5 in March Amid Ripple’s SEC Lawsuit Conclusion Rumors

Cryptocurrency traders are buzzing with excitement as speculation grows that Ripple’s ($XRP) price could hit $5 in March. The rumors surrounding the conclusion of Ripple’s lawsuit with the Securities and Exchange Commission (SEC) are fueling this optimism. Meanwhile, investors are also showing interest in Solaxy ($SOLX), a crypto project that is thriving despite the market downtrend. Here’s a closer look at these developments.

XRP Price Prediction: XRP Can Hit $5 This March, But Solaxy Could Pump Higher

Crypto traders are closely watching Ripple ($XRP) as speculation grows that it might reach $5 in March amid rumors that Ripple’s lawsuit with the Securities and Exchange Commission (SEC) is nearing a conclusion. Many investors are also backing Solaxy ($SOLX), one of the few crypto projects thriving in this market downtrend. Over the years, XRP has attracted huge investor interest because of its CORE use case in fast, low-cost cross-border payments, which has led traditional financial institutions to partner with Ripple Labs since 2012. Despite the uncertainty in the crypto markets, XRP has held its position above $2.

SEC’s Plan Sparks XRP Speculation Amid Crypto Reforms

The U.S. Securities and Exchange Commission (SEC) has hinted at a major regulatory shift under the new administration, vowing to revamp crypto policies. Speaking at a conference, SEC Acting Chairman Mark Uyeda criticized Gary Gensler’s handling of the crypto sector and broader financial markets, stating that the previous administration’s approach was an aberration. A key takeaway was the potential rescission of a bulletin that restricted banks’ involvement in crypto. This shift has sparked speculation, particularly regarding XRP.

XRP Price Teeters on Key Support: Breakout or Bear Trap Ahead?

XRP’s price action has reached a critical point, with technical signals indicating a strong move is due. A close above $2.83 could trigger a rally towards $4.20, solidifying bullish momentum. A re-test of the Fib 0.888 support could offer a rally opportunity, but breaking it could lead to further downside. Bitcoin’s test of $70K may provide an entry point for XRP. The asset is still within the Blue Channel and has reached equilibrium. A minor recovery from the lower border shows short-term strength, but the ensuing move is uncertain.

XRP Price Prediction: Potential Growth by 2025 and 2030

XRP price prediction is a hot topic in crypto. Expert predictions show potential growth by 2025, with the price of XRP ranging between $1.50 and $3.00. By 2030, forecasts suggest $5 to $10 if regulatory support materializes. Its future depends on market trends, Bitcoin’s performance, and adoption rates.