22nd March 2025 – (New York) The price of XRP has not experienced the anticipated surge following Ripple’s victory over the US Securities and Exchange Commission (SEC). After the SEC officially dropped its appeal against Ripple, market participants expected a substantial price increase. Instead, XRP rose only 13% to a peak of $2.60 before retreating to approximately $2.40, leaving investors puzzled about the muted response.
Johnny Krypto, co-founder of Merlin, suggests that the lack of a significant spike in XRP’s price should not be surprising. He draws parallels with historical market events, noting that speculative trading often leads to subdued reactions when official news is released. “When Trump won, there was no logical reason for XRP’s price to jump, but the market was pricing in the expectation that the lawsuit would be dropped,” he explains. “That’s why we saw the big pump back then.”
Krypto highlights that the previous rise from $0.50 to $2.50 last November was driven by traders betting on a favourable outcome for Ripple. With the result now confirmed, the market’s response has been quieter. “If the SEC had continued the appeal, XRP’s price would likely have plummeted instead of remaining stable,” he notes, observing that the lack of negative developments has prevented a decline rather than ignited a rally.
Crypto analyst EGRAG CRYPTO (@egragcrypto) pointed out on social media that anxiety is spreading within the XRP community. He argues that many investors feel uneasy about the current price stagnation and the market’s slower pace compared to previous cycles. “Right now, almost everyone seems to be panicking. Even with all my positive charts, some people are still worried,” he commented. His direct messages are filled with anxious inquiries like, “The SEC dropped the case, and we didn’t MOON. Why? What’s going on?” He encourages calmness, stating, “The real bull market and development are just getting started.”
EGRAG CRYPTO emphasises that slow price movements can test the patience of retail investors, who may expect quicker returns. “Currently, almost all retail players are experiencing ‘pain’—the pain of boredom. Unlike in 2017, where the market had rapid ups and downs, this time the changes are happening slowly. But this is not how financial markets work. They move in cycles and waves.”
Looking ahead, he remains optimistic about the entry of large institutional investors, suggesting that the market may remain strong for an extended period due to stable prices. “New ETFs will help bring in a new breed of participants,” he stated, noting that there will be numerous salespeople promoting the XRP ETF to their clients. His overarching message to XRP holders is to remain patient.
Beyond legal developments, XRP, like the broader cryptocurrency market, is vulnerable to global economic forces. The potential for a US-led trade war, driven by President Trump’s tariff policies, looms large. Specifically, the 25% tariffs on Canada and Mexico, alongside a 10% tariff on China, have raised concerns about stagflation, characterised by slow economic growth and high inflation.
Supply chain disruptions, rising consumer prices, and a slowdown in economic momentum are weighing on risk markets. Consequently, investors are increasingly gravitating towards “safe haven” assets, such as US Treasuries and gold, which dampens demand for more volatile cryptocurrencies like XRP.
The Federal Reserve’s monetary policy stance is also shaping market sentiment. In its meeting on 19th March, 2025, the Fed opted to keep interest rates within the 4.25%–4.5% range established in late 2024, pausing the rate-cutting cycle initiated in September 2024. Fed Chair Jerome Powell cited persistent inflation above the 2% target and heightened recession risks, partly related to tariff concerns and weaker consumer spending.
