The post SEC vs Ripple Case Closure Fuels Optimism for Growth appeared on BitcoinEthereumNews.com.

The wider altcoin market, led by Ripple Labs’ XRP, performed poorly in the first quarter of 2025. The crypto market was heavily weighed down by the second inauguration of U.S. President Donald Trump, which turned into a classic sell-the-news event. Ahead of the expected reciprocal tariffs by the Trump administration, the crypto market has signaled a potential bullish recovery. Moreover, Gold (XAU/USD) ended the first quarter in price discovery, and cash rotation to Bitcoin is anticipated in the coming months. XRP Price Expectations in April After closing the past two months in a bearish outlook, XRP price is well positioned to record bullish sentiment in April. Moreover, the large-cap altcoin, with a fully diluted valuation of about $209 billion and a 24-hour average traded volume of around $3.7 billion, has established a robust support level of around $2, which is likely to yield a rebound ahead. In the four-hour timeframe, XRP price has been retesting a crucial breakout from an established falling logarithmic trend in the first quarter. A consistent close above $2 in the next two weeks, will likely push the XRP price above the 200 Moving Average Simple in the four-hour timeframe. Near-Term Fundamental Outlook In the coming months, the XRP market will heavily benefit from the closure of the SEC vs Ripple case in the first quarter of 2025. Furthermore, the mainstream adoption of XRP has significantly grown catalyzed by institutional investors tapping into Ripple’s cross-border payment solutions. As Coinpedia previously reported, the U.S. SEC intends to classify XRP as a payment solution and not a security asset. Moreover, the agency, under the Trump administration, believes XRP will help unlock over $5 trillion locked in Nostro accounts for the United States and much more for global markets. Never Miss a Beat in the Crypto World! Stay ahead…

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Filed under: News - @ April 1, 2025 6:26 am