Key Takeaways
- Ripple (XRP) CEO’s invitation to the crypto summit at the US White House sparks XRP SEC case saga coming to an end.
- XRP price could see a major rally upon the news of its SEC lawsuit being completely put to bed.
- If the price of XRP fails to break $3, we could see lower prices in the region of $1.7 to $2.
The US White House will host its first-ever Crypto Summit on Friday, March 7th, 2025, with Donald Trump inviting top personalities from different industries. This has created huge speculation about whether this could be an advantage for Ripple CEO Brad Garlinghouse, who is tipped to be a key personality among the invitees.
There have also been rumors of Brad Gaelinghouse becoming a key member of the US crypto advisory council, which could be an advantage in facilitating the closure of the Ripple (XRP) US SEC saga, which has taken much time to come to a reasonable conclusion.
The XRP ecosystem has been buzzing with strong bullish price action in the past few days. Expectations following Donald Trump’s announcement that XRP will be listed as part of the US strategic digital asset reserve in the coming months have become a major boast fundamentally and could play a key role in its lawsuit with the US Securities and Exchange Commission (SEC).
Crypto analysts and experts have expressed different opinions regarding the outcome of the scheduled crypto Summit. Following many SEC lawsuits that have come to an end, this could be a strong indication that the XRP saga could be heading to its final stages. The price of XRP is expected to rally with strong bullish price action upon the news of its lawsuit with the US SEC going in its favour.
Another reason investors and crypto experts are optimistic regarding the Ripple (XRP) lawsuit coming to an end is that the dismissal of several SEC cases linked to Coinbase, Kraken, and Gemini has all been lifted, giving more conviction that the XRP case is at its tail end.
While Ripple (XRP) case dismissal would be a major boost to its ecosystem and price in the coming months and years, this could send shockwaves into the crypto space and a major price rally for XRP as crypto experts believe the price of XRP has the potential to hit a high of $30 when its lawsuit is finally put to bed.
Ripple (XRP) Price Analysis – Will XRP Rally Past $3?
Source – XRP 4HR Price Chart From TradingView
On March 3rd, the price of XRP rallied towards its key resistance of $3 but was rejected towards a region of $2.4. The price has struggled in the last few days to find strong bullish price action to the upside.
A break and close above $3 could signal more bullish price action for XRP, allowing its price to trade above its 50-day and 200-day EMAs (Exponential Moving Averages). The price would be dominated by bulls willing to buy into the market’s uptrend.
If XRP fails to break above $3, we could see price trade into a region of $1.7 to $2, which has been acting as a strong demand zone for price in previous weeks. This could lead to a market rally to the upside.
