XRP’s price reaction remains muted following the US Securities and Exchange Commission’s (SEC) decision to drop its lawsuit against Ripple. Despite the legal victory, bearish sentiment continues to dominate, signaling potential consolidation or a downturn.
Why Ripple’s Legal Win Failed to Boost XRP
On March 19, the SEC ended its five-year legal battle with Ripple Labs, yet XRP’s performance stayed lackluster. Market participants remain bearish, with persistent selling pressure suppressing the price.
Key factors holding XRP back:
- Whale sell-offs: Large holders (100M–1B XRP) offloaded ~20M XRP ($50M) since March 19 (Santiment data).
- Negative sentiment: Weighted sentiment nears negative territory (0.052), reflecting investor skepticism.
- Low accumulation: Major holders show no signs of renewed buying despite Ripple’s legal clarity.
XRP Price Analysis: Critical Levels to Watch
As of press time, XRP trades at $2.39**, hovering above support at **$2.13. Potential scenarios:
Bearish Outlook
- Breakdown below $2.13** could trigger a drop toward **$1.47.
- Sustained whale distribution and weak demand may prolong declines.
Bullish Scenario
- Surge in demand could propel XRP to $2.61.
- Requires halted profit-taking and renewed investor confidence.
👉 Explore real-time XRP price trends
FAQs
Q1: Why hasn’t XRP rallied after Ripple’s SEC victory?
A1: Whale sell-offs and negative market sentiment overshadowed the legal win, suppressing momentum.
Q2: What’s the next key support level for XRP?
A2: $2.13** is critical; a breach may push prices toward **$1.47.
Q3: Could XRP still hit $2.61 soon?
A3: Yes, if buying pressure spikes and bearish sentiment reverses.
Conclusion
XRP’s near-term trajectory hinges on whale activity and market sentiment. Investors should monitor:
- Whale accumulation patterns.
- Weighted sentiment shifts.
- Key support/resistance levels.
👉 Stay updated on XRP market dynamics
Disclaimer: This analysis is for informational purposes only. Conduct your own research before making financial decisions.
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