The post SEC vs. Ripple Over! XRP Skyrockets – $3.50 Next?

SEC vs. Ripple | After years of legal battles between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the case is officially over, pushing XRP to skyrocket.

The U.S. Securities and Exchange Commission (SEC) case against Ripple Labs has finally come to an end, pushing XRP to skyrocket.

After years of legal battles, the case has been post-poned, and traders are massively focused on the crypto asset.

The price of XRP is currently trading at $2.51, registering an increase of more than 13% in the past 24 hours. However, during the same period, its trading volume soared by 90%.

XRP Technical Analysis: Can It Hit $3.50?

With this impressive upside momentum, the asset has breached a descending trendline, which has been acting as resistance since January 2025. According to CoinPedia’s technical analysis, XRP now appears bullish and is poised for a massive upside rally.

If the asset closes a daily candle above the $2.51 level, there is a strong possibility it could soar by 35% to reach its all-time high of $3.50 in the coming days.

Image: XRP Daily Chart

The upside rally in XRP has begun, as it has successfully retested its 200 Exponential Moving Average (EMA) on the daily timeframe, further indicating that the asset is in an uptrend.

Traders Are Bullish-On-Chain

This legal victory against the SEC has shifted trader sentiment, with many now betting on the bullish side, as reported by the on-chain analytics firm Coinglass.

Traders are currently over-leveraged at $2.44 on the lower side, where they have built $37.75 million worth of long positions. On the other hand, $2.60 is another over-leveraged level, where traders hold $20 million worth of short positions.

Image: Coinglass

This clearly indicates that traders with long positions are dominating the asset and could push XRP to reach its all-time high once again.