The post Ripple Defends SEC Appeal Drama, XRP Eyes Recovery appeared on BitcoinEthereumNews.com.

XRP is struggling below $2.40, with $2.30 as the key level to watch. Whale selling of 60 million XRP has contributed to negative market sentiment. Legal experts predict the Ripple vs. SEC case could be resolved by May. Ripple’s XRP is stuck below the critical $2.40 level, a price point it has struggled to surpass. Despite CEO Brad Garlinghouse’s recent meeting with former President Donald Trump, XRP has not seen the same boost it did in the past linked to such events.  Legal experts like Jeremy Hogan predict that the ongoing lawsuit could conclude by May, leaving XRP’s future to hinge on the outcome of the battle between bulls and bears. Whales Sell 60 Million XRP Whales have offloaded 60 million XRP in the last 24 hours, contributing to the current negative market sentiment. XRP is currently hovering around $2.35, struggling to hold this region.  While it has faced resistance at $2.40, the key level to watch is $2.30. As long as this level holds, there is still a chance for XRP to rise to $2.60 and potentially reach $3. However, if $2.30 breaks, there are two support levels below—$2.15 and $1.90.  What’s Next For XRP? (Long Term) Analyst Crypto Bull predicts that XRP could reach over $20 in this bull cycle, with a rise to $13 in the next few weeks. This forecast is based on Elliot Impulse Waves, which track big breakouts.  #XRP will go above $20 this bull cycle and to $13 within the next few weeks. This is based on Elliot Impulse Waves which start after a significant breakout. In 2017 these 5 waves took us from $0.002 to $3.84 and 70,000%. This time the 5 waves will take U.S. from $0.50 to $26 and… pic.twitter.com/3pzXob0mkO — CryptoBull (@CryptoBull2020) January 7, 2025 In 2017, XRP jumped…

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Filed under: News - @ January 9, 2025 10:23 am