XRP Bulls Target $5 As SEC Drops Case & These Altcoins Could Explode Next

The cross-border payment token XRP has jumped 7% in the last 24 hours following a major legal development – the Securities and Exchange Commission’s decision to abandon its long-running lawsuit against Ripple Labs.

Does XRP have the momentum to reach the $5 threshold in the near term? We explore XRP’s future and what it means for the broader crypto market.

Legal Victory Sparks XRP’s Market Revival

The termination of SEC legal proceedings against Ripple Labs has far-reaching implications beyond immediate financial relief.

This regulatory breakthrough potentially opens the door to XRP exchange-traded funds, creates a more welcoming environment for institutional investors, and signals a possible shift in cryptocurrency regulation under the current administration.

Currently trading at $2.46, XRP has posted a solid 7.3% daily gain and a 10.4% weekly increase. This upward momentum has erased much of the token’s recent losses, leaving it just 3.4% below its valuation from the previous month.

Expressing his enthusiasm on social platform X, Ripple Labs CEO Brad Garlinghouse stated:

“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.”

Looking forward, community analyst TheXRPguy highlights two potential catalysts that could fuel further price appreciation: strategic enterprise partnerships and the introduction of an XRP-focused exchange-traded fund. Either development could attract substantial new investment into the digital asset.

While these fundamental developments create optimism, technical price analysis provides additional insight into XRP’s potential trajectory.

Technical Analysis: $3.15 Threshold Determines XRP’s Path Forward

Despite today’s positive price movement, XRP faces significant technical challenges before a sustained rally can materialize.

The digital asset remains approximately 30% below its January 2025 high. This extended correction has formed what technical analysts identify as a head-and-shoulders pattern, a formation typically considered a bearish signal in market analysis.

While XRP has demonstrated resilient price action by maintaining levels above the pattern’s critical neckline, it remains technically vulnerable.

According to market commentator Louie Crypto, XRP must reclaim the $3.15 price level to invalidate this potentially negative chart structure. Surpassing this threshold would open the possibility for movement toward new all-time highs.

Louie’s analysis suggests XRP could reach between $5 and $6.5 if it successfully establishes price action above the $3.15 mark. However, failure to break higher might trigger additional selling pressure. Fellow analyst Ali Charts suggests such a scenario could push XRP down toward $1.25.

The current trading range holds crucial significance for XRP’s future. A decisive move above current resistance levels could signal a path toward $5 and beyond. With XRP at this critical decision point and a potential 2x upside from current levels, some traders are exploring alternative investments with potentially higher return profiles.

Emerging Digital Assets With the Potential to Outperform XRP

Newer blockchain projects with smaller market capitalizations and compelling utility often present greater upside potential than established cryptocurrencies like XRP. Solaxy, in particular, has been gaining traction as the first dedicated Layer 2 scaling solution for the Solana blockchain.

As Solana competes with XRP to position itself among the top three cryptocurrencies by market value, Solaxy aims to improve Solana’s network capabilities. The project addresses Solana’s persistent congestion issues through innovative transaction bundling and off-chain computation technology.

Solaxy Solana Presale Close to Listing | Best Project to Get 100X | $Solx $26 Million Raised

The project’s $SOLX token is currently available through its initial offering, which has attracted $27 million in funding. That establishes it as one of the largest token sales in Solana’s ecosystem history and demonstrates strong market confidence.

If Solaxy successfully delivers its promised scalability improvements, Solaxy could experience even more dramatic appreciation than currently anticipated.

Another emerging opportunity comes from Best Wallet Token, which powers an advanced multi-blockchain wallet supporting over 60 networks, including Bitcoin, Ethereum, Solana, and the XRP ledger. This platform offers a suite of integrated tools, including cross-chain exchange functionality, cryptocurrency payment cards, and presale investment aggregation.

Best Wallet Token holders receive multiple benefits, including reduced transaction fees, enhanced yield opportunities, governance participation, and exclusive access to partner project promotions.

Currently conducting its initial token offering, the project has secured over $11 million in funding. For context, established cryptocurrency wallets like MetaMask and Trust Wallet command multi-billion dollar valuations, while Best Wallet remains in early development despite offering more comprehensive functionality.

It creates the potential for significant returns for participants in the ongoing Best Wallet Token presale.