XRP Surges 6.65% Amid SEC Settlement Hopes

On March 13, 2025, the cryptocurrency market is closely monitoring the price movements of XRP, with analysts providing varied predictions and insights. The price of XRP has shown a notable increase of 6.65% over the past 24 hours, currently trading at $2.2815. On the hourly chart, XRP has made a false breakout of the local resistance at $2.3428, suggesting a potential test of the $2.40 area if the daily bar closes around that mark. However, on a larger time frame, the price of XRP is still distant from key levels, indicating a likely continuation of sideways trading within the narrow range of $2.20-$2.40.

From a mid-term perspective, the $2 zone is crucial. If selling pressure persists and the price closes below this level, it could lead to a decline towards the $1.50 mark. This analysis underscores the importance of monitoring the $2 level as a critical support point for XRP's price stability. The ongoing sideways trading within the $2.20-$2.40 range suggests a period of consolidation, with no immediate signs of a significant breakout or breakdown.

Analysts have also issued a timeline for a potential price reversal, suggesting that the final countdown for XRP's upward trajectory has begun. This prediction is supported by the daily Relative Strength Index (RSI) forming a bullish divergence, which positions XRP to rally towards $3 in the near future. However, the analyst cautions that the cryptocurrency is gradually giving up gains due to the broader market downtrend and the lack of significant catalysts. This conservative outlook is tempered by the current market conditions, where XRP is trading at $2.22, up 4% on the day due to incoming settlement leaks between Ripple and the U.S. Securities and Exchange Commission (SEC).

The anticipated settlement between Ripple and the SEC is expected to bring some positive momentum to XRP. However, the analyst believes that any potential surge will likely be modest, with the market seeing a 20% increase at most. This is a stark contrast to the historic price surge XRP experienced in July 2023, when the court declared that XRP was not a security, leading to a 100% jump in four hours. The market has been anticipating a settlement between Ripple and the SEC, and the element of surprise is gone. Additionally, the focus of the news has shifted from the legal status of XRP to Ripple as a company, which is attempting to settle its penalty for illegally selling XRP to institutional investors. This violation earned the company a $125 million fine.

Despite the potential for a modest surge, the analyst suggests that Ripple may have been holding back announcements about new developments or initiatives until the legal matters with the SEC are over. This news could be the real driver for XRP's long-term trajectory. For investors considering cashing out, the settlement news could offer a "small exit pump." In summary, while the daily RSI forming a bullish divergence suggests a potential rally towards $3, the broader market downtrend and lack of significant catalysts may limit XRP's upward momentum. The anticipated settlement between Ripple and the SEC could bring some positive momentum, but the market's expectations and the shift in focus from XRP to Ripple as a company may result in a more modest price reaction. Investors should conduct thorough research before making any investment decisions.