XRP Price Teeters At Key Level—Will It Soar Or Slip?

XRP price hovered near the $2.2 mark as it continued to consolidate within a tight trading range.

Despite recent optimism over the Ripple vs. SEC lawsuit nearing its end, XRP could not deliver on the high expectations of a price hike.

Soon after the regulator announced it would drop the lawsuit, Ripple announced it would not go with its cross-appeal.

Thar said, analysts remain confident about the token’s long-term performance, citing strong technical support and potential breakout levels.

Experts Predict Significant Upside for XRP Price

The XRP price traded flat when Ripple announced it dropped its cross-appeal, posting a slight rise of 0.48% and holding firm at around $2.44.

On March 30th, at the time of writing, it was trading at $2.15, up 1.54% intraday. It was down over 10% over the past seven days.

The market research community interprets this period of stabilizing prices as a sign of strength since investor interaction with XRP grows positively.

Crypto analyst EGRAG CRYPTO forecasted a conservative XRP price target of $15, based on long-term technical trends.

The analyst revealed one target at $22 as normal, but another extended target reached $44.

A conservative analysis of this model shows promising potential, especially when markets show caution.

According to the expert forecast, XRP holders should take profit at various intervals because waiting for a single market peak would be riskier.

EGRAG CRYPTO explains that implementing this technique reduces potential risk while earning profits during times of market volatility.

XRP maintains its support at $1 as he predicts it will never drop even in bear market conditions.

Experts said the XRP price faces short-term resistance at $2.75, which must be breached to trigger the next upward move.

The crypto analyst Dark Defender pointed to $2.55 as a minor resistance point while indicating $2.42 as the most solid support level that XRP has defended.

However, since the March 26 announcement, the token has failed to hold above $2.42.

Because of this technical framework, market experts maintain their attention on a potential price breakout past present values.

According to analysts, the price may reach $5.85 once XRP breaks past the $2.75 resistance area.

Dark Defender’s upcoming price projection matches this stage, which emerges from prevailing market movement together with trader activities.

According to Dark Defender, price stability above $2.75 would trigger new upward momentum throughout the market.

Nevertheless, the positive market sentiment is growing since Ripple’s legal dispute with the US Securities and Exchange Commission is almost over.

Ripple CEO Brad Garlinghouse had earlier announced on X that the lawsuit was over as the regulator had dropped the case.

The prolonged lawsuit has maintained low investor confidence until traders believe a change in market sentiment will occur.

Ripple vs SEC Case Nears End as Market Waits for Clarity

Ripple’s legal standoff with the SEC continues to be a critical factor shaping XRP price action and market sentiment.

The SEC terminated its case against Ripple in the way the company predicted being favorable to Ripple, according to Brad Garlinghouse’s estimation.

The legal update about the SEC investigation puts investors in a holding pattern because they hesitate to invest before official verification.

Market analysts expect an official outcome to the ongoing case will lead to an enduring price rally.

When the case is completely resolved, investors might regain confidence in XRP and other related investments.