XRP price dips after SEC vs. Ripple lawsuit news, should you buy
The post XRP price dips after SEC vs. Ripple lawsuit news, should you buy appeared on BitcoinEthereumNews.com.
XRP price rallied on Wednesday after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission will drop its appeal in the lawsuit against the firm. XRP posted a double-digit rally following the announcement after Garlinghouse’s tweet on X. The legal battle between the U.S. financial regulator and Ripple dragged on for several years before drawing to an end. The outcome was anticipated by crypto traders as the SEC has dropped its legal actions against crypto exchanges and firms rapidly since U.S. President Donald Trump’s return to the Oval Office in January 2025. In this deep dive, we evaluate whether XRP is the best buy in the recent dip and what to expect from XRPLedger’s native token next week. XRP rallied in double-digits, should you buy the dip now? XRP rallied as traders reacted to the groundbreaking news of the SEC dropping its lawsuit appeal against Ripple. The legal battle between the two entities made headlines for several years, negatively impacting XRP price and the token’s adoption. When the SEC filed its lawsuit against Ripple in 2020, top crypto exchanges delisted the token, causing XRP’s price to crumble. The rally in XRP on Wednesday was traders’ response to the end of a multi-year battle. While XRP was expected to continue rallying, the token wiped out some of its gains from Wednesday at the time of writing. XRP trades at $2.4013, down nearly 6% from Wednesday, according to price data from Crypto.news. XRP/USDT daily price chart | Source: Crypto.news The technical indicators on the daily price chart signal a likelihood of gains in XRP. The altcoin could climb higher in the coming week as the volatility in crypto token prices settles. The Wednesday low of $2.2653 is the support level for XRP. A daily candlestick close under this level…
Filed under: News - @ March 21, 2025 1:26 pm