XRP is on the verge of a potential breakout as technical indicators and fundamental developments align to push the cryptocurrency toward significant gains. The digital asset is currently testing a key resistance level, fueled by Ripple’s recent regulatory approval in Dubai and speculation surrounding the resolution of its legal battle with the U.S. Securities and Exchange Commission (SEC).
XRP’s Price Poised for 46% Gains?
XRP has been consolidating within a descending triangle pattern since reaching its seven-year high of $3.40 on January 16. After bouncing off the horizontal support at $2.00, XRP has formed a series of higher lows, suggesting growing bullish momentum.
Currently, XRP is testing the upper trendline of its triangle formation at $2.30. A decisive breakout above this level could pave the way for a rally to $3.00, a key psychological resistance zone that has rejected the price twice before. A successful breach of this barrier could see XRP climb to $3.27 and eventually retest its multi-year peak at $3.40—a potential surge of up to 46%.
Prominent crypto analyst CrediBull Crypto believes XRP’s recent dip below $2.00 provided an ideal entry point for investors targeting gains at $3.40, reinforcing bullish sentiment in the market.
Manifest destiny. $XRP https://t.co/Pa2pKSbYHq pic.twitter.com/FyeWfMrw5z
— CrediBULL Crypto (@CredibleCrypto) March 14, 2025
Ripple Secures Dubai License, Expanding Global Reach
On March 13, Ripple announced its first-ever regulatory approval in the Middle East after receiving a license from the Dubai Financial Services Authority (DFSA). This milestone allows Ripple to offer regulated crypto payment services in the UAE, unlocking access to a $40 billion remittance market and a $400 billion international trade sector.
Following the announcement, XRP’s price jumped 6%, reflecting investor optimism. Market commentators, including Vincent van Code, have highlighted the license as a potential game-changer, positioning Ripple as a leader in compliant crypto payments across the UAE.
SEC Case Nearing Resolution?
Another crucial catalyst for XRP’s potential breakout is the ongoing legal battle between Ripple and the SEC. Reports suggest both parties may be negotiating a resolution, with the SEC reassessing its aggressive enforcement stance under new leadership.
Also Read: Ripple Lawsuit Twist: SEC Debates Whether XRP Deserves Ethereum’s Status
If a settlement is reached, XRP could experience heightened adoption and price appreciation, further strengthening its bullish outlook. With regulatory clarity improving and bullish technical patterns emerging, XRP may be on the brink of a major move in the weeks ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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