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Cryptocurrency News Video
XRP News: Lawyer Says Ripple Coin Defies Bitcoin Trend Amid SEC Case Update!
Mar 20, 2025 at 11:01 am Crypto Station
XRP has once again caught the crypto community's attention by defying Bitcoin's price trend. While Bitcoin has remained stagnant despite major developments, XRP surged over 11% following a critical statement from Ripple CEO Brad Garlinghouse. This latest movement has sparked discussions on whether XRP is poised for further gains in the wake of the SEC dropping its appeal. Legal expert Bill Morgan recently highlighted how XRP’s price movement sharply contrasted Bitcoin’s. In a post on X, Morgan noted that while Bitcoin remained sluggish, XRP experienced a significant rally following Garlinghouse’s statement that the SEC would no longer pursue its appeal against Ripple. Garlinghouse’s announcement reached nearly 10 million people on X, emphasizing the importance of this legal victory. He stated: "This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build." Following this announcement, XRP’s price jumped to $2.56 before stabilizing at $2.44, reflecting a 6.74% daily increase and a 9.33% gain over the past week. Meanwhile, Bitcoin hovered around the $85,000 mark with little reaction to Trump’s announcement of a Strategic Bitcoin Reserve. Morgan pointed out that XRP outperformed Bitcoin across multiple timeframes, drawing attention to the rivalry between XRP supporters and Bitcoin maximalists. He noted that "XRP has even dragged Bitcoin up in price," as Bitcoin rebounded from $83,000 to $87,427 following XRP’s surge. While Bitcoin’s price barely reacted to Trump’s pro-Bitcoin policies, XRP responded strongly to legal clarity, reinforcing its position as one of the most resilient assets in the market. With the SEC lawsuit nearly behind it, analysts are optimistic about XRP’s potential. Technical analyst Gert van Lagen predicts that XRP’s price movement will follow a parabolic trajectory, with a long-term target of $38. Similarly, crypto analyst ALLINCRYPTO sees XRP reaching $19 in the coming months as investor confidence grows. Market expert Egrag Crypto also noted that XRP has been one of the best-performing cryptocurrencies over the past two years, delivering a 543.6% return compared to Bitcoin’s 203.8% and Ethereum’s 14.4% gains. As the dust settles from the SEC case, XRP has a unique opportunity to strengthen its position in the market. With ETF approvals potentially on the horizon and growing institutional interest, XRP could continue to outperform Bitcoin in the short term. #xrp #xrpnews #xrpripplenews #xrppriceanalysis #bitcoin
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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