22nd March 2025 – (New York) Ripple’s ongoing legal confrontation with the Securities and Exchange Commission (SEC) has taken a significant turn, with the regulatory body withdrawing its appeal. In response, Ripple has filed a cross-appeal to ensure that all legal arguments are thoroughly addressed. This latest development has attracted considerable attention, prompting investors to monitor XRP’s price closely for any potential market impact. Industry experts are now providing insights into XRP price predictions based on the evolving legal landscape and market dynamics.
Ripple’s cross-appeal is seen as a strategic move, aimed at safeguarding the company’s interests. Reports indicate that the case is gaining momentum, with new evidence emerging that raises concerns over Ripple’s operations. This heightened activity has introduced volatility, leading analysts to reassess their projections in light of the uncertain environment. Key developments include detailed witness testimonies and a review of previous internal communications that could significantly influence the case’s outcome.
Upon filing the cross-appeal, Ripple’s Chief Legal Officer Stuart Alderoty stated, “Ripple filed a cross-appeal to ensure nothing’s left on the table, including the argument that there can’t be an ‘investment contract’ without essential rights and obligations found in a contract.” Observers note that an unfavourable ruling could dampen interest in the cryptocurrency markets, while a positive outcome might bolster investor confidence. As the litigation unfolds, industry insiders caution that the Ripple lawsuit could set important precedents for future cases.
On the trading front, XRP’s price experienced notable fluctuations. The session on March 20 began with a death cross, triggering a downward trend. Initially resisted at $2.5569, the price subsequently fell, finding support at $2.4312 after oversold conditions were noted. A brief upward movement was initiated by a golden cross but was countered by another death cross, leading to further declines. By 16:20 UTC, the price dropped below the $2.4312 support level, confirming a breakdown. New support was established at $2.3891 amid oversold conditions.
As illustrated in Chart 1, a golden cross at 17:45 UTC sparked a recovery, allowing XRP to regain some momentum into March 21. However, resistance was encountered at $2.4669, with a death cross at 2:10 UTC indicating a potential reversal. Should XRP maintain its upward trajectory, it may breach the $2.4669 resistance; conversely, a failed recovery could see it retest the $2.3891 support.
With the SEC’s withdrawal from the lawsuit, market uncertainty has subsided, potentially restoring investor confidence. As XRP reacts to key technical levels, its price remains volatile. If buying pressure intensifies, a push towards the $2.4669 resistance is possible. However, should bearish sentiment resurface, another breakdown may occur.
