XRP News: Modest Pullback for XRP, But Medium-Term Outlook Remains Positive

XRP Price Prediction for March 20

Recently, XRP has experienced a modest pullback, currently trading at $2.47. This price level comes after a 2.74% decline over the past 24 hours and a 3.36% decrease in the last 30 days. These contrasting figures highlight the coin’s dynamic nature. Over the past 30 days, XRP’s price movement indicates that while short-term sentiment is cautious, medium-term declines are relatively contained. Despite some selling pressure, XRP has not experienced a dramatic long-term downturn, and its overall technical structure remains intact. Momentum indicators further enhance the technical picture, with XRP’s RSI currently close to neutral, around the mid-50s.

Fake XRP Meme Coins Pop Up Following Ripple’s SEC Win

Ripple’s ($XRP) recent victory against the U.S. Securities and Exchange Commission (SEC) has fueled Optimism across the crypto market. However, the win also brought some unwelcome developments – a wave of fake XRP-related meme coins has emerged, making it more important than ever for investors to rely on reputable wallets like the leading noncustodial Web3 wallet, Best Wallet ($BEST). Best Wallet has already raised over $11.2 million in its presale for its native token, $BEST, which unlocks a range of powerful features that make transactions seamless and more cost-efficient compared to other major wallets.

XRP Price Rise To $3.00 Driven By Holders’ Behavior Change

The price of XRP is expected to rise to $3.00 due to a sharp shift in holders’ behavior. Active addresses on the XRP network have remained high throughout March, averaging at 363,000, indicating increased investor engagement and positive sentiment. The Chaikin Money Flow (CMF) indicator shows a clear shift in investor behavior, with outflows reversing and investor sentiment turning bullish. This heightened engagement and increased demand for XRP could push the price to higher levels.

SEC drops $1.4B Ripple lawsuit – Did Trump play a role?

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple Labs, ending a years-long battle over $1.4 billion in XRP sales. The decision was celebrated by Ripple’s CEO Brad Garlinghouse as a victory for both his company and the broader crypto market. Speculation has arisen about whether Ripple’s ties to President Donald Trump influenced the SEC’s decision to withdraw its case.