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Why is XRP Crashing Today: Legal Uncertainty and Fear Shake Investors
XRP, one of the popular altcoins in the crypto market, is currently facing high selling pressure. According to CoinMarketCap, XRP price was trading at $2.36, showing a daily drop of 3.42%. This is more than its weekly drop of 3%, which clearly shows rising fear and changing investor sentiment.
Source: CoinMarketCap
Why is XRP Dropping?
Ripple SEC Case Update: Ripple CEO Brad Garlinghouse revealed the end of the four-year battle in court against the U.S. Securities and Exchange Commission (SEC). The SEC charged Ripple in 2020 that it raised $1.3 billion in an unregistered securities offering. Although Ripple partially won in 2023, the legal pressure had continued until now.
As per Ripple’s legal chief Stuart Alderoty, the SEC has now agreed to drop its appeal without conditions, and Ripple has also dropped its cross-appeal. The SEC will retain $50M of the $125M penalty, while the remaining amount will be repaid to team.
Source: X
While the news will be welcome relief, uncertainty on the legal front and investor reactions have created a panic selling reaction, sending prices lower.
Flat Whale Activity: Crypto expert Ali Martinez noted that wallets with 1M to 10M coins have moved very little from March 16 to March 24. Whale holdings remained close to 5.78B–5.83B altcoins, indicating large investors are not making much purchase or sale.
Source: X
This indicates they probably want to know what’s next and are contributing to the market’s reluctant sentiment.
XRP Price Prediction: Will It Rise Again or Crash Further?
There’s a lot of uncertainty about what happens next. Some data shows hope, while other data shows fear.
Ripple ETF Hopes: According to Polymarket, 84% of the participants believe that the ETF could be approved in 2025. This could bring long-term positive sentiment, but it’s still in the future.
Source: Polymarket
XRP Price Projections: Another Polymarket wager reveals only 37% are sure the the altcoin will be above $2.40 by March 28, emphasizing short-term skepticism among users.
According to TradingView chart and my analysis, if XRP remains above its main support and tests the triangle pattern again, it could recover and hit $2.48, and even $2.70. If it keeps declining though, it could fall as low as $2.23, and breaking that level it could continue all the way to approximately $2.
What Next?
Right now, XRP is under strong selling pressure. The drop in price is being fueled by legal updates, mixed market sentiment, and a lack of big investor activity. While there’s some hope around a future ETF and a possible price recovery, investors are clearly being careful in the short term. As always in crypto, the next few days will be key to see where this project and platform go from here.
