XRP’s Legal Challenges and Price Potential: A Dual Outlook
Ripple’s XRP token finds itself at the center of a legal battle as the Oregon Attorney General files a lawsuit against Coinbase, alleging that XRP and other cryptocurrencies were sold as unregistered securities. Meanwhile, a crypto analyst predicts a bullish future for XRP, with a potential price surge to $25. This article explores both the legal hurdles and the optimistic price forecast for XRP, providing a comprehensive view of its current landscape.
Ripple (XRP) Faces Lawsuit from Oregon Attorney General
Ripple’s XRP token has been named in a lawsuit filed by the Oregon Attorney General against Coinbase. The lawsuit claims that XRP, SOL, ADA, LINK, UNI, and other tokens were offered and sold as investment contracts on the platform, referring to them as ’crypto securities.’ Legal experts have criticized the move, citing past rulings as evidence that the classification is unjustified.
Crypto Analyst Predicts XRP Price to Reach $25 Soon
A crypto analyst has revealed that the XRP price could reach $25 in the near future. The analyst gives a timeline for when XRP could break above $20, fueled by expectations since the XRP price broke the $3 mark and is now holding support above $2. Diana on X, a crypto analyst and XRP advocate, lists five reasons why they believe the XRP price will continue to rally, ranging from broader market moves to specific developments related to XRP.
XRP Bucks Trend as US Retail Sales Push Crypto Outflows to $146 Million
Despite modest positive flows, the crypto market sentiment is shifting. The latest CoinShares report reveals that crypto inflows amounted to only $6 million last week. However, stronger-than-expected US retail sales figures on Wednesday triggered outflows of $146 million. This outflow was primarily due to a jump in car purchases, leading to an increase in retail sales in March. Notably, XRP bucked the trend amidst these mixed market conditions.
CoinShares Reports Minor Inflows into Digital Asset Products, XRP Leads
Digital asset investment products maintained a delicate balance last week, recording modest net inflows of $6 million. Despite volatile mid-week conditions triggered by unexpected U.S. retail sales data, the latest CoinShares report highlights both the resilience and regional divides in investor sentiment. Specifically, Bitcoin saw minor outflows of $6 million, while Ethereum also experienced outflows of $26.7 million. Notably, Ripple’s XRP saw significant inflows of $37.7 million, leading the pack. The report underscores the nuanced performance of digital asset investment products amidst market fluctuations.
XRP Forecast for 2025 and MUTM’s Rising Popularity
XRP is expected to rise toward $3.77 in 2025 as the XRP Ledger Protocol attracts more users. Currently trading at $2.084 with a market cap of $120.65 billion, XRP demonstrates consistent market movement. Its value is maintained due to its ability to facilitate quick international transactions. Meanwhile, Mutuum Finance (MUTM) has captured attention with its phase 4 presale at $0.025, raising $7 million and selling 417 million tokens to 8,400 holders. Revenue projections indicate MUTM may deliver better returns than XRP through its existing lending framework.
Analyst Highlights Decisive Phase for XRP
Market technician CasiTrades has emphasized that the long-stalemated XRP price action may soon enter a decisive phase. The analyst noted that XRP, currently trading at $2.07 on Binance, attempted a breakout alongside BTC but failed at the 0.618 Fibonacci retracement level of $2.118. This level is commonly associated with exhaustion, and the rejection caused momentum to shift. CasiTrades stressed that the token remains confined to the same structural range since early April, indicating that time is ticking for XRP to make a significant move.
