XRP News: Ripple Secures Favorable Outcome in SEC Case, Boosting XRP’s Price and Outlook

XRP Rises as Legal Deal Nears Final Approval

XRP has risen by 1% today, reaching $2.47 after Ripple confirmed that the SEC will return $75 million as part of a final agreement. Ripple had initially paid a $125 million penalty, but the SEC’s dropping of its appeal means Ripple will ultimately pay only $50 million. This has put XRP in a strong position, with the altcoin up by 7% in a week, 10% in a fortnight, and 280% in the past year. Ripple can now grow its business without fear of regulatory friction, making XRP’s long-term price prediction very bullish.

Crypto Community Bullish on XRP ETF Approval as Polymarket Bets Hit 87%

The crypto community has become increasingly optimistic about the approval of an XRP ETF, with bets on Polymarket reaching an 87% probability of the U.S. Securities and Exchange Commission (SEC) approving a spot XRP ETF by the end of the year. This sentiment is fueled by Ripple’s recent legal victory against the SEC, which has removed key barriers to institutional adoption of XRP. Nate Geraci, president of ETF Store, believes that the approval of an XRP ETF is only a matter of time.

Analyst Predicts XRP Price to Reach $44

Egrag Crypto, a prominent crypto market analyst, has unveiled new bullish projections for the XRP price with an ambitious extended target of $44. This represents a massive 1,688% increase from its present market value. The analyst shared an XRP price analysis on March 25, revealing several measured bullish targets including a conservative target of $15, a normal measurement of $22, a personal target of $27, and the extended target of $44. The price forecast has sparked excitement among investors, especially as the analyst also reveals the ideal time to take profits.

XRP Price Rejected at Resistance—Are Bears Taking Control?

XRP price started a fresh decline from the $2.50 resistance zone and failed to clear it. The price declined below the $2.42 and $2.40 levels, and there was a break below a connecting bullish trend line with support at $2.440 on the hourly chart. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. The pair might extend losses if it breaks the $2.350 support zone.