XRP News: Potential Price Surge After Ripple’s Legal Victory
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XRP Prices May Surge as Ripple’s Legal Battle Ends
XRP prices were rangebound for years due to the Ripple vs. SEC legal case. However, Ripple Labs CEO Brad Garlinghouse announced that the case is officially over, boosting XRP prices by 12%. Speculations are building that XRP prices could reach new highs. Amid this, a new presale has managed to raise over $11.7 million. Currently trading at $2.50, Ripple hasn’t been able to surpass other critical levels yet.
Key factors why Ripple (XRP) could soon skyrocket
Ripple (XRP) rallied 450% in 2024 to a high of $3.15 but is currently down 30% from its 2025 peak of $3.34. Experts remain bullish on XRP’s potential, with Rexas Finance also seeing big potential in the market. Despite a dismal year before the post-US election rally in 2024, experts believe several favorable developments could lead to a bounce back in XRP’s price.
Ripple Co-Founder Jed McCaleb Bets $1 Billion on Space Station
Jed McCaleb, the co-founder of Ripple, plans to build a space station with a $1 billion self-funded bet. According to Bloomberg, McCaleb aims to contribute to the potential future where many people live off Earth. He believes it’s important for people to take this leap and is willing to dedicate resources, time, and risk tolerance towards this endeavor.
XRP Price Prediction: Must Break $2.50 to Avoid $1.95 Retest
As the week unfolds, XRP must break past the $2.50 barrier to avoid a retest of the $1.95 support level. Currently trading at around $2.40, XRP is attempting to hold above the 50-day EMA. Failure to clear $2.50 could trigger bearish sentiment, potentially dragging the price down toward $1.95. Technical indicators suggest a phase of consolidation, with immediate support at $2.37 and resistance at $2.70. Analysts warn that unless XRP reclaims and maintains a position above $2.50, the risk of further downside remains.
