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XRP Soars to $2.5 & Flips USDT as SEC Drops Case, XRP Price Explosion Incoming?

The SEC vs Ripple case concluded on March 19th following the SEC’s decision to drop the case, marking a monumental win for Ripple and XRP. Following the news, XRP immediately jumped from $2.32 to $2.56, and although it hasn’t managed to go higher over the past 24 hours, it stands a chance to soar further over the upcoming weeks.

XRP’s surge in value helped it take the position of the third-largest cryptocurrency, as its market cap exceeded Tether’s (USDT) over the past 24 hours. Besides XRP, other leading tokens are also recording gains today, with the broader market cap at $2.8 trillion following a 2% rise in value.

Is this the start of a new bull run and could XRP be set for bigger gains?

XRP’s Legal Victory and Potential Inclusion in the Upcoming Crypto Strategic Reserve Could Help It Soar

Yesterday, Ripple celebrated the end of the four-year legal battle that ended with what Ripple CEO Brad Garlinghouse calls a “long-overdue surrender,” and the end of the “war on crypto.”

As the news of the SEC’s decision to drop the case sent a shockwave through the crypto market, XRP grew by 10.34% in just 24 hours, but it met resistance at the $2.56 level and is now priced at $2.47, representing a 9.7% soar over the past 7 days.

xrps-legal-victory-and-potential-inclusion

With its current price above its 50-day Simple Moving Average (SMA) of $2.44, XRP is well positioned for short-term gains. Additionally, the 50-day SMA is above its 200-day SMA of $1.67, forming a Golden Cross pattern that’s often a bullish indicator for further gains.

Technical analyst Gert van Lagen believes XRP is preparing for a parabolic soar to the $38 mark after analyzing its price movement over the past 7 years. However, the analyst calls his target conservative, expecting XRP to jump closer to $60 if the market conditions are perfect.

SebyG, a crypto expert, also believes XRP is ready for a major breakout, but has highlighted that Ripple’s legal victory is a win for the broader crypto market as well, expecting a market-wide rally to occur.

Meanwhile, Bitcoin enthusiast Pierre Rochard expects Bitcoin to take lead in the potential market-wide rally rather than XRP, as he expects BTC to be the currency of choice for banks, just like it is the backbone of the expected crypto strategic reserve announced by President Trump.

Today, President Trump will speak at the Digital Asset Summit (DAS), where he could share details regarding his plans to include Bitcoin and XRP, among other tokens, as official US reserve assets.

Experts Believe BTC Bull Token and Best Wallet Token Can Outperform XRP Over the Next Few Months

Following XRP’s rally, Bitcoin soared past the $85,000 mark today, and the team behind BTC Bull Token believes that’s just the start of its road to $250,000, which they intend to celebrate with BTCBULL holders

Currently, BTCBULL costs $0.00242 each, and investors can purchase it using ETH, BNB, USDT, or a credit or debit card with no minimum investment required.

As Bitcoin’s value rises, those holding BTCBULL will enjoy unique rewards that are displayed in the presale’s transparent roadmap. Each time BTC grows by $25,000, starting with the $125,000 mark, the project’s developers will either burn a portion of the BTCBULL supply or airdrop BTC or BTCBULL rewards to the community.

Meme coin analyst Crypto Scholar believes BTCBULL’s unique roadmap and ties to Bitcoin can help it soar by 1,000x, and he encourages his followers to enter the presale while the per-token price is low.

To be eligible for the BTC airdrop, investors will need to hold BTC Bull Token using Best Wallet, which currently numbers over 250,000 monthly users and has launched a presale for its own native token – Best Wallet Token.

With Best Wallet Token, investors will unlock a plethora of benefits while using Best Wallet and the platforms it partners with, such as iGaming platforms that will provide Best Wallet’s users with unique bonuses.

For example, holding BEST will allow Best Wallet’s users to access emerging presales that partner with the wallet earlier than other investors, giving them an advantage in the market.

Presale expert Crypto Boy expects BEST to soar by 100x once it hits the DEXs, highlighting its central position in the expanding Best Wallet ecosystem, since the token will also enhance the wallet’s upcoming features, such as its crypto debit card.

With the Best Token price scheduled to increase later today, investors don’t have long to secure their share of the token at its current price of $0.0244, making this the best time to enter the presale.

The post XRP Soars to $2.5 & Flips USDT as SEC Drops Case, XRP Price Explosion Incoming? appeared first on CryptoNinjas.

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