Ripple (XRP) continues its downward correction, forcing selling pressure to break the $2.42 level. The price is now approaching the $2.35-2.30 zone, which is in line with the bullish trend line on the hourly chart. This makes it a key support level that buyers should intervene in to avoid larger losses.
With Ripple falling, the $2.35-$2.30 area stands out as a crucial support zone. Because this area coincides with the trend line, buyers may try to defend it to stimulate a rebound. A successful hold at this level could push Ripple towards $2.42. If bullish momentum increases, the price could rise further to $2.59, with $2.71 reachable.
Bullish forecast: path towards $3
If Ripple regains the $2.42 level, it could boost buying momentum. A crucial breakout above $2.71 would pave the way towards $3, suggesting a recovery from the ongoing correction. This move could reinforce the uptrend and change market dynamics in favor of buyers or try to circumvent your court order.
Bearish scenario: potential drop to two dollars or less
Failure to maintain the $2.30 level could expose XRP to further losses, with $2.20 as the next support level. If selling pressure intensifies, the price could slip into the $2.00-1.80 range, further dominating the downtrend and weakening market confidence.
Market outlook: XRP at tipping point
The next step for XRP depends on whether buyers can maintain the $2.30 level or if sellers push the price lower. A rebound may lead to a rebound, while a crash may lead to deeper declines. Traders should keep an eye on these key levels to predict the trend of XRP.
XRP community expresses frustration with Ripple’s lawsuit against SEC
RP investors, especially those who have been actively following the Ripple vs. SEC lawsuit since its inception in December 2022, have continued to express frustration with the protracted nature of the case
Although the new administration led by President Trump has taken a positive stance towards cryptocurrencies, the XRP community remains upset that their favorite cryptocurrency is still entangled in a web of regulatory uncertainty.
To revolutionize the crypto industry, a new acting chairman of the SEC, Mark Oyeda, has been appointed to oversee the agency before Senate approval of the permanent president-elect, Paul Atkins, is finalized.
During his brief tenure as president, Ueda rejected ongoing investigations and lawsuits against other large crypto companies including Kraken, Coinbase, Binance, Consensys, Uniswap and a host of other companies.
Over the past four years, this lawsuit has undoubtedly been the most watched cryptocurrency issue in the entire industry, and its decisive end could shape how digital assets are regulated in the U.S.
The permanent silence of the SEC is deafening as members of the XRP community are now wondering if Uyeda is actually able to end the lawsuit or is it just optimistic thinking.
There he questioned whether it was the SEC or Ripple that would drop her appeal, or whether the parties would agree to lock Ripple’s $125 million sentence in escrow pending Judge Torres’ approval to reduce the fine and lift the injunction against Ripple.
Can Mark Ueda end the case?
Sherry joined the conversation and explained that Ripple’s case is more complex. She pointed out that Ripple is the only company with an active judgment against it, unlike other companies that have already faced rejection. She said Ripple may be negotiating a reduction in the fine, or trying to circumvent her injunction.
Can XRP maintain its position above $3.2?
XRP has struggled to hold key price levels in recent months. At the beginning of 2025, its price was $2.0870, marking a 46% increase in January. However, this momentum faded in February, with a sharp decline of 29.3%.
As of early March, the price stood at $2.1469, but subsequent corrections pushed it lower again.
On March 2, XRP saw a remarkable rise of 34.21%, but this was followed by sharp declines, which led to its fall below its level in early March. Currently, XRP is trading at $2.14, and analysts stress the importance of maintaining support above $2.2.
If this level fails to hold, additional losses may be imminent. Experts also highlight $1.6 as a crucial support zone that investors should keep a close eye on.
Despite these setbacks, some analysts believe that XRP could see a significant recovery in 2025, with price expectations pointing to a significant peak within the next eighteen months.
If the price drops below this threshold, the market could enter a deeper bearish phase. While traders assess the current landscape, XRP remains in a volatile phase, with both opportunities and risks ahead.
The coming months will be crucial in determining whether the cryptocurrency is able to stabilize and progress towards the ambitious 2025 price targets predicted by analysts.
While market conditions remain unpredictable, this ambitious target reflects an optimistic outlook for the asset’s long-term performance.
To achieve such an XRP, market momentum and broader cryptocurrency trends must shift dramatically. Institutional adoption, regulatory clarity and macroeconomic factors will play critical roles in determining whether XRP is able to maintain the necessary growth trajectory.
