Why is XRP price up today?

The XRP (XRP) has received for the second consecutive day, up to 3% to trade at $ 2.45 on 24 March.

The price of the XRP has been increasing by 5% in the last seven days, which rose 31% from its local lower to 31% on March 11 to reach 11 March, as most Crypto prices shine green amidst the improvement in market sense.

Let’s look at the factors behind XRP today.

XRP Crypto grows up with market

Rapid spirit was not only exclusive to XRP as crypto prices also increased on board, weekly close to $ 86,000 on 23 March.

key points:

• Bitcoin (BTC) led the profit and increased by 2.3% a day to trade around $ 87,300.

• Ether (Eth) had gained more than 1.7% in the last 24 hours to trade above $ 2,000.

• Other top-cap cryptocurrency such as Solana (Sol), Dogcoin (Dogi) and Cardano (ADA) also posted significant benefits, as shown in the chart below.

• The global crypto market had increased by 2.85% to 2.84 trillion at the time of market capitalization writing.

• This performance is accompanied by a significant improvement in market spirit compared to previous month.

• In the last 30 days, fear and greed index have increased from a disappointing 10, indicating a more balanced 45, indicating a change towards the neutral area.

• This rebound reflects the growing confidence in the cryptocurrency market and is renewed in Altcoins.

• Increase in trading volume (54%on March 24) and buyer activity today underlines this feeling change, leading to a higher price of XRP.

• While the “greed” is not yet in the region, the improvement suggests that the market is getting heated, promoting XRP.

Expectations of legal clarity after SEC appeal drop

Perhaps the most important catalyst SEC has a positive impact for an increase in the price of XRP that is leaving its case against Ripple.

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This is the moment we are waiting. The SEC will leave its appeal – a great win for Ripple, for Crypto, in every way you see it.

the future is bright. let’s build. pic.twitter.com/7wsD0C92cm

– Brad Garlinghouse (@bgarlinghouse) March 19, 2025

• In the prevailing trial began in 2020, the US Securities and Exchange Commission (SEC) accused Ripple of selling XRP as an unregistered security.

• This overhang suppressed the price of XRP and adoption for years as the exchanges removed the tokens.

• However, a decisive development occurred when Riple CEO Brad Garlinghouse announced on March 19, 2025 that the SEC had intended to give up its appeal.

• The news widely discussed in the Crypto communities has provoked optimism that the clouds of regulatory uncertainty can finally raise.

• Regulatory clarity will confirm the status of XRP as a non-security for retail sale-with the decisions of the East court, and the wide institutional adoption and potential location paves the way for the approval for approval.

• Ripple CEO Brad Garlinghouse stated that the decision “provides great certainty for Ripple” and the matter is effectively finished.

As mentioned by cointelegraph, the SEC’s decision to release the Ripple case does not give any legal example, and the industry still has no legal framework he wants.

Connected: SEC’s XRP Reversal Marx Launches Sol Futures ETF ahead of the victory of the Crypto Industry

However, the Crypto community remains optimistic that Stabelcoin Bill and Crypto Framework Bill Fit 21 bills will be passed by the end of this year.

XRP value recurs 50 SMA

The XRP price shows strength today after returning the 50-day simple moving average (SMA) in support at $ 2.52.

Major levels to see:

• Bulls now set their eyes on breaking resistance around $ 2.52 in a 100-day SMA.

• The major level to look above the 100-day SMA is at $ 2.80, psychological level at $ 3.00 and the major resistance at $ 3.20.

• Overcoming these obstacles with increased volume can lead to a test of XRP, which can test its seven -year high of $ 3.40, reaching on 16 January.

• The RSI has crossed the midline into a positive field, and its value on 52 suggests rapid speed.

On 23 March, popular analyst dark defender Said $ 2.22 was the major levels for supporting support and resistance at $ 2.50.

“This week, deciding whether it would be important to stay above or below these important levels,” an analyst explained, adding:

“We are in the monthly wave four, which will end with Wave 5 towards high goals.”

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.