XRP’s Legal Victory Paves the Way for Institutional Investors and Price Surge

• XRP remains a solid long-term investment despite market fluctuations and legal challenges.
• The U.S. court ruling against SEC claims boosts XRP’s regulatory clarity and market potential.
• Technical analysis and historical trends suggest XRP could reach targets above $1 by early 2025.

XRP has demonstrated potential as a long-term investment, showing resilience and strength in the face of market fluctuations and legal challenges. Despite price variations between $0.42 and $0.72 over the past year, XRP remains a notable option for patient investors rather than day traders seeking quick profits.

Many people forget that XRP saw a massive rise of 60,000% in 2017. XRP and Bitcoin have been in the top 10 cryptocurrencies by market cap for the last ten years. This stability remained even during the SEC lawsuit in 2020, which led to a 75% price drop. Despite the lawsuit’s negative impact, XRP’s strong market position stayed, showing its lasting appeal.

The recent U.S. court ruling declared that XRP is not a security, contrary to the SEC’s claims. This decision brings newfound regulatory clarity, removing significant legal hurdles and opening the door for institutional investors previously deterred by the lawsuit. The resolution is expected to positively impact XRP’s market performance, aligning with bullish predictions for the cryptocurrency.

Technical analysis reveals that XRP’s diagonal resistance from 2017 remains active, with multiple rejections noted, the latest occurring in March this year. Despite these rejections, the pattern mirrors the pre-breakout phase of 2017. Current resistance sits at $0.72, and breaking this level, coupled with the positive news, could lead to a bullish scenario for XRP.

For investors, key buy zones identified are between $0.38 and $0.44. These zones have seen increased purchasing activity in recent months. If the market dips into these areas again, it presents a strategic buying opportunity. Historical trends and technical indicators suggest that XRP could reach targets above $1 by early 2025, with speculative projections as high as $16 if it replicates past performance.

As of the time of writing, XRP (XRP) was priced at $0.6129, with a trading volume of $4,942,357,303 over the last day. This marks an 18.59% price increase over the previous 24 hours and a -0.14% decline over the past 7 days.