Ripple CEO Announces SEC Case is Over

XRP has surged over 8% in the past 24 hours thanks to a game-changing announcement from its CEO, Brad Garlinghouse.

This XRP price prediction explores how far the project could go, and also reviews the potential for alternative investments, Solaxy and BTC Bull Token.

SEC Drops Lawsuit Against Ripple

The United States Securities and Exchange Commission (SEC) has just dropped its long-standing lawsuit against Ripple Labs, the creator of XRP.

Since the lawsuit began in December 2020, the XRP price has been under immense strain. The risk of Ripple Labs potentially taking a hit or the XRP coin being deemed a security, thereby introducing complexities for institutional holders, has heavily stunted its growth.

For that reason, the news of the SEC dropping its lawsuit has been met with widespread excitement.

“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,” wrote Brad Garlinghouse on X.

The tweet received over 9 million views, revealing just how anticipated this news was.

Consequently, the XRP price has rallied 8% today and 10% this week. It currently trades at $2.48.

Looking ahead, potential spot ETFs are the next major catalyst that could bolster the XRP price. Polymarket bettors give an 84% chance of the XRP ETF being approved, with the figure jumping 7% after Garlinghouse disclosed the lawsuit news.

The fact that Ripple Labs has won its lawsuit also provides regulatory clarity and enables it to conduct business with traditional financial players such as banks and institutions. 

With that, there’s every chance that the coming months will be characterized by major partnerships for Ripple Labs as players who have been hesitant about using its technology finally pull the trigger.

This is good news for the XRP price potential, but what do the charts say?

XRP’s Next Major Target is at $3.5 

With a tailwind of bullish fundamentals, the outlook for XRP skews into a highly positive one. 

Analyst Greg Miller noted earlier this month that XPP is trading inside a descending wedge pattern. According to the analyst, the price was set to test the support later in March, followed by a rally toward $3.5.

Indeed, XRP tested the support this week, and now it’s climbing back through the range toward the $2.7 trendline resistance. Given the lawsuit closure, we could well see XRP blast through this resistance line and toward the $3.5 target in the coming weeks.

$XRP – @Ripple chart is forming a textbook descending wedge—a bullish reversal pattern.

A breakout above resistance could send XRP soaring past $3+, with $3.5 as the next key level.

Bulls just need patience. Accumulation phase before liftoff? pic.twitter.com/ng6ofgX2X3

— Greg Miller (@greg_miller05) March 4, 2025

Looking further ahead, ANBESSA believes that XRP will rally to an all-time high (ATH), with a target between $9 and $15. 

While gains of this magnitude cannot be ruled out, especially after the lawsuit win, a $15 price tag would put XRP’s market cap at $870 billion, making it more valuable than JP Morgan ($673 billion market cap) and Tesla ($739 billion market cap).

One day, XRP could demand such an extraordinary valuation if it achieves its goal of a cross-border settlement layer for institutions and banks. However, it’s currently far from the adoption levels worthy of that.

BREAKING: 🇺🇸 SEC officially drops Ripple $XRP lawsuit.

XRP rallied more than 5x the day I mentioned it after 1,5y patience and this chart ready. Outstanding timing and accuracy.

Nice bounce from 50MA 3D TF. Price aiming to reclaim mid range at $2,5 right now. Once we get a… https://t.co/nnrXrgLDOt pic.twitter.com/wZOipO7nJb

— ANBESSA (@Anbessa100) March 19, 2025

Given the bullish news, it’s likely that XRP will hit $3.5 in the coming weeks and rally to a bull market peak between $5 and $6. In an extremely bullish scenario, we could see $9 hit as ANBESSA predicts or briefly test higher, although that price tag would likely be short-lived.

For traders seeking bigger gains, lower market-cap cryptocurrencies are the way to go.

Could These 2 Cryptos Give Bigger Gains Than XRP?

Traders are tipping Solaxy as a project that could give up to 50x gains in the coming months. It is developing the first-ever layer 2 blockchain for Solana, designed to enhance transaction speed, reduce costs, and improve reliability. 

The goal is to eradicate Solana’s congestion issue and prepare it for further adoption as the crypto bull market resumes. 

Currently, Solaxy is undergoing a presale and has raised $27 million so far. 

In a recent video, prominent analyst Borch Crypto said it 50x after the presale.

The Solaxy presale allows investors to buy from the ground up in what could be a revolutionary project in the Solana ecosystem. As Borch Crypto points out, this is a juncture that could lead to substantial gains.

BTC Bull Token is another promising new crypto. The project is an Ethereum-based meme coin that pays its community real Bitcoin rewards.

Rewards in $BTC and $BTCBULL tokens will be distributed through airdrops at significant milestones as Bitcoin progresses toward $1 million, beginning when it reaches $150K.

The project is also undergoing a presale and has raised $3.8 million so far.

99Bitcoins analyst Umar Khan recently speculated that the presale could give investors up to 100x gains.

BTC Bull Token combines the excitement of meme coins with tangible Bitcoin rewards, offering a unique blend of both elements. This could lead to massive returns, especially for those who get in early.