The entire cryptocurrency industry was seen celebrating after Ripple’s CEO Brad Garlinghouse confirmed that the US Securities and Exchange Commission (SEC) had finally dropped its case against Ripple. This not only prompted the price of XRP to rise, but it also came as bullish news to the entire market. The XRP community is looking forward to the altcoin surging to a new high this year.
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How High Did XRP Rise Over the Past 24-Hours?
Within a span of 24 hours, the altcoin went from trading at a low of $2.28 to a high of $2.57. This marks a notable uptick of 6.68% during this period. At the time of writing, the asset encountered a slight correction and was trading at $2.45.
It is worth noting that the asset encountered a much bigger rise earlier this year. XRP stunned the market as it broke its seven-year curse and hit a high of $3.39. This is significantly close to its all-time high of $3.84. Currently, the altcoin is 36% below this peak.
The community expected the closing of the lawsuit to bring bigger gains for the asset. Ripple has been fighting this battle with the SEC since 2020. Speaking about their journey, Garlinghouse said,
“The system just feels broken. That we had to fight this fight for the industry and you had an SEC attacking the industry, particularly the Ripple case. There were no victims, there was no investor loss. They were just not acting in good faith.”
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2025 Price Prediction
While more than two months have passed since the start of the new year, XRP is set to record an increase over the next couple of months. Data from CoinCodex highlights that the altcoin will trade at a maximum price of $4.36 in 2025. This is expected to occur in the month of March itself. April is also slated to be bullish for the altcoin as it will be priced at a high of $4.14.
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