Why is XRP price rising today?

xrp(XRP) The second consecutive day of trading increased by 3%, trading at $2.45 on March 24.

XRP prices have risen 5% over the past seven days, up 31% from local lows on March 11 as most cryptocurrency prices are flashing green while improving market sentiment.

Let’s take a look at XRP’s bullish factors today.

XRP wakes up at the same time as cryptocurrency market

Bullish sentiment is not only unique to XRP, as the price of cryptocurrencies has also intensified. Bitcoin ends every week More than 23 March $86,000.

Key points:

• Bitcoin (BTC) Leadership earnings, up 2.3% on the day, trading about $87,300.

• Ether (Ethereth) has grown more than 1.7% over the past 24 hours, trading just above $2,000.

• Other top cryptocurrencies, such as Solana (Solana) (sol), dog (Doge) and cardano (Aida) also released a large profit, as shown in the figure below.

• At the time of writing, global crypto market capitalization increased by 2.85% to $2.84 trillion.

• This performance was accompanied by a significant improvement in market sentiment last month.

• Over the past 30 days, the fear and greed index has ranged from a frustrating 10, indicating “extreme fear” to a more balanced 45, indicating a transfer to neutral territory.

• This rebound reflects growing confidence in the cryptocurrency market and an interest in altcoins.

• Increased volume (up 54% on March 24) and today’s buyer activity highlighted this emotional shift that makes XRP priced higher.

• Although not yet entered the “greed” field, this improvement suggests that the market is warming, enhancing XRP.

Expectations of legal clarity after SEC appeal

Perhaps the most important catalyst for the rise in XRP prices today is the positive impact of the SEC on Ripple’s case.

That’s it – the moment we’ve been waiting for. The SEC will give up its appeal – a huge victory for Ripple, Crypto and Crypto.

The future is bright. Let’s build. pic.twitter.com/7wsd0c92cm

— Brad Garlinghouse (@bgarlinghouse) March 19, 2025

• exist Long-term litigationStarting in 2020, the U.S. Securities and Exchange Commission (SEC) has accused the sale of XRP as unregistered security.

• This overhang suppresses XRP’s price and adoption over the years Great communication Token.

• But when Ripple CEO Brad Garlinghouse announced on March 19, 2025, a key development emerged. The SEC intends to waive its appeal.

• The news, widely discussed in the crypto community, has sparked optimism that regulatory uncertainty clouds may eventually rise.

• Regulatory clarity will confirm that XRP’s status is non-security for retail sales – with Prior court ruling– and pave the way for wider institutional adoption and potential SPOT XRP ETF Approval.

• Ripple CEO Brad Garlinghouse said the decision “provided a lot of certainty for the ripple” and that the case effectively ended.

According to Cointelegraph, the SEC decided to abandon the chain reaction decision No legal precedent providedthe industry still has no legal framework.

Related: SEC’s XRP reversal marks Crypto industry’s victory ahead of Sol Futures ETF launch: Financial redefinition

However, the cryptocurrency community remains optimistic about the Stablecoin Act and the Crypto Framework Act Fit 21 Act By the end of this year.

XRP price recovery 50 SMA

XRP price shows strength after 50 days Simple moving average (SMA) $2.52 returns support.

Key levels to watch:

• Now, the Bulls are looking to break resistance on a 100-day SMA, at about $2.52.

• The key level above the 100-day SMA is $2.80, the psychological level is $3.00, and the main resistance is $3.20.

• The increase in the number of overcoming these obstacles may see XRP testing Seven-year highs of $3.40arrived on January 16th.

• this RSI Has crossed the midline and entered the positive zone with a value of 52, indicating an increase in bullish momentum.

March 23, Popular Analyst Dark Defender explain $2.22 support and $2.50 resistance are key levels worth watching.

“This week, it’s crucial to decide whether to stay above or below these important levels.”

“Our fourth wave of the month, which will end with a fifth wave towards a higher goal.”

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.