TL;DR
- Ripple won the four-year legal battle against the SEC, expects an XRP ETF in the States, and a potential IPO in the country – but is the native token about to drop?
- A popular analyst with over 130,000 followers on X suggested that the trend might have changed.
From Good to Better
Everything seems to be going Ripple’s way as of recently. After the US presidential elections, the entire landscape in the States changed for the better, positioning Ripple favorably amidst its four-year legal tussle with the local securities regulator.
The native token’s name was even mentioned by the new US president, indicating it could be included in the country’s strategic crypto reserve. Furthermore, reports have emerged suggesting that the SEC is contemplating classifying XRP as a commodity, in stark contrast to its previous stance on the token.
Adding to the excitement, Ripple’s CEO, Brad Garlinghouse, declared a victory in the SEC case. This has led to heightened anticipation regarding the potential approval of an XRP ETF, which could mark a monumental achievement for Ripple and its community.
It all sounds promising, right? Following the elections, XRP’s price surged spectacularly. However, it has yet to breach its 2018 all-time high and has since seen a decline of 30%, despite the plethora of positive developments.
This scenario exemplifies a classic ‘sell-the-news’ moment for XRP, rallying on anticipation from regulatory changes but failing to sustain those gains as the actual changes became apparent.
Is XRP About to Drop?
In stark contrast to the overall bullish sentiment and optimistic price predictions for XRP’s future, analyst Ali Martinez has put forth a controversial perspective that warns of a potential crash for the asset.
Martinez suggests that the recent price fluctuations have resulted in a head-and-shoulders pattern that could trigger a correction of up to 50%. Should his prediction hold, XRP could slide towards the $1.25 mark.
$XRP wild ride! After yesterday’s pump, a head-and-shoulders pops up on high timeframes. pic.twitter.com/3UM3vB2dG2
— Ali (@ali_charts) March 20, 2025
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