Ripple’s native token XRP was up nearly 3% on Monday’s trade, hovering around the $2.45 mark. The token is free from the shackles of the lawsuit pressed by the US Securities and Exchange Commission this month. The SEC withdrew the lawsuit against Ripple last week, making the cryptocurrency sector enter a new era without governmental interference.
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However, Ripple’s native cryptocurrency did not experience a major price outburst after the SEC dropped the lawsuit. XRP went from a low of $2.25 to a high of $2.55 after the news about the lawsuit ending broke out. That’s an upsurge of nearly 13% in a day but it failed to maintain the positive momentum.
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AI Price Prediction: Ripple (XRP) Price For March 31
Leading on-chain metrics and price prediction firm CoinCodex has painted a neutral picture for Ripple’s XRP. According to the latest price prediction, the leading altcoin could surge to a maximum of $2.49 by March 31, 2025. That’s a surge of 4 Cents from its current price of $2.45.
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It’s an uptick and return on investment (ROI) of approximately 1.3% and there are negligible returns for the next eight days. Taking an entry position in Ripple’s XRP could make the altcoin move sideways in the charts. “Analysts expect XRP’s price to rise in March, the asset may reach a high of $ 2.49 and a low of $ 2.38. This prediction comes after a poor market performance in the last 30 days, suggesting a profitable opportunity for long traders,” read the forecast.
However, the prediction firm suggests that taking an entry position now for long-term positions could be beneficial. When the broader market enters the bullish phase, Ripple’s XRP could be the first to rally in the charts. The altcoin is no longer under the purview of the SEC and is free from all legal battles.