XRP news: Traders weigh sell-the-news risk despite Ripple legal win
XRP faces sell-the-news profit-taking risk
XRP price surged 13.5% after defending the $2.26 support level, climbing past the previous week’s high to reach $2.60.
The rally was fueled by the Federal Reserve’s latest policy update and reinforced by a major legal development, i.e., the U.S. Securities and Exchange Commission (SEC) officially discontinuing its proceedings against Ripple. While this marks a significant victory for Ripple and the broader crypto market, questions arise on whether XRP’s price action is sustainable or a classic ‘sell-the-news’ scenario.
The SEC’s decision, announced by Ripple CEO Brad Garlinghouse, has sparked optimism among investors. However, history suggests that crypto markets often rally on anticipation and pull back once the event unfolds. XRP’s sharp gains have already met resistance, which led to a 5% retracement in the Asian session to $2.44, where the 50-day EMA cushioned the decline. In the European session, XRP is now hovering around $2.48.
XRP price dynamics (March 2025). Source: TradingView.
XRP price outlook: Bullish momentum faces key 50-day EMA test
From a technical perspective, XRP remains in bullish territory. The RSI, which had previously been neutral, is now firmly positioned for further upside. If buyers defend the 50-day EMA support, a renewed push toward $2.60 and beyond remains likely. Conversely, a break below the 50-day EMA could trigger a deeper correction, potentially dragging the price back toward $2.26.
The next move for XRP hinges on whether bullish momentum holds or if traders start taking profits following the SEC resolution. While the long-term outlook remains positive, short-term price action will determine whether this is the beginning of an extended uptrend or a temporary spike followed by consolidation.
XRP dipped amid broader market uncertainties but recovered as optimism grew over its adoption. The price rebounded from $2.226, reclaiming $2.3, but faced resistance limiting gains.
