Ripple has won a major legal victory as the SEC drops its appeal in the XRP lawsuit after more than four years
XRP price broke through a descending trend line, reaching $2.55 with a 14% surge after the announcement
Whale investors have increased their XRP holdings by 6.5% over two months, now holding 46.4 billion XRP (worth ~$114 billion)
Network activity has increased sixfold in March compared to previous months
Analyst projections suggest XRP could reach $3.94 to $6 based on Elliott Wave analysis
The XRP cryptocurrency has seen a notable price increase following the U.S. Securities and Exchange Commission’s decision to drop its appeal in the long-running legal battle with Ripple. The price jumped 14% to reach $2.55, breaking through a descending trend line that had limited upward movement for weeks.
Ripple CEO Brad Garlinghouse announced the development on social media. “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build,” he wrote.
The legal battle lasted more than four years before reaching this conclusion. This victory removes a major cloud that had been hanging over XRP’s market performance for years.
Attorney Jeremy Hogan noted that several options remain open. Ripple could continue its own appeal, the parties could return to trial court, or they might reach an agreement without amending the judgment.
Alternatively, Ripple could simply pay the $125 million fine and move forward. The company has not yet announced which path it will take.
Large investors have been steadily building positions despite market fluctuations. Data from Santiment shows wallets holding at least one million XRP have increased their holdings by 6.5% over the past two months.
It goes without saying that this price boost is also directly correlated with the SEC officially dropping its appeal against Ripple today. Ripple CEO Brad Garlinghouse has already deemed this a ‘resounding victory’ for the entire crypto community.
These whale investors now hold a combined 46.4 billion XRP tokens. At current prices, this represents approximately $114 billion in value.
Network activity has shown tremendous growth. Six times more unique wallets interacted on the XRP blockchain in March compared to previous months.
Techinal Analysis
Technical analysts are providing bullish projections based on chart patterns. Crypto analyst Dark Defender shared an updated daily XRP/USD chart showing a breakout above a key descending trend line.
The analyst applied Elliott Wave theory to project future price movements. According to this analysis, XRP completed a corrective phase and is now entering a new impulsive wave structure.
The chart identifies Wave (1) starting from a local low of $1.79 and peaking around $2.55. This was followed by Wave (2), which pulled back to Fibonacci support zones.
Wave (3), typically the strongest in Elliott Wave theory, is projected to reach the 161.80% Fibonacci extension around $3.94. The analysis suggests XRP could potentially rise to the $4.50 region.
Upon completion of Wave (3), a corrective Wave (4) may pull prices back to the $3.78-$3.94 range. The final Wave (5) is projected to reach the 361.80% Fibonacci level at $4.92.
Some projections suggest XRP could even surge above $6 before completing the current Elliott Wave cycle. These ambitious targets would represent price levels not seen since the 2017-2018 bull market.
In a separate development, Garlinghouse hinted at potential new opportunities for XRP. In a Bloomberg interview, he referenced President Donald Trump’s executive order from early March, which proposed a national crypto reserve.
This strategic digital asset stockpile could potentially include XRP among other cryptocurrencies. The possibility adds another dimension to XRP’s future prospects.
With improving regulatory clarity following the SEC case conclusion, institutional investors may begin to show greater interest in XRP. Ripple’s ongoing partnerships with banks and payment providers continue to expand the token’s use cases.
The market now watches closely for a potential breakout above $3, a level XRP hasn’t reached since the 2017 bull run. If broader crypto market momentum continues, XRP may benefit from the overall positive sentiment.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
