- XRP surges 30% as SEC lawsuit ends; analysts predict a 75% rally if key resistance breaks.
- Whales add 2.82B XRP, while ETF speculation fuels optimism for further price gains.
XRP has gained nearly 30% in the last two weeks, fueled by increased blockchain activity and the conclusion of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC formally dropped its appeal on March 19, putting an end to the years-long lawsuit.

Meanwhile, whale investors have accumulated billions of XRP, and technical analysis suggests a potential 75% price surge if key resistance levels are broken. With XRP trading around $2.40, market indicators suggest both opportunities and risks in the coming weeks.
Whales Accumulate as XRP Network Activity Surges
On-chain data from Santiment shows that large XRP holders—whales owning at least 1 million tokens—have increased their holdings by 2.82 billion XRP over the past two months. This marks a 6.5% rise in total whale ownership, bringing their collective holdings to 46.4 billion tokens.
At the same time, active addresses on the XRP Ledger have skyrocketed, reaching six times the activity levels seen in January and February. Unlike many other cryptocurrencies experiencing a drop in user engagement, XRP’s rising activity suggests growing retail interest. This uptick in transactions has likely contributed to the recent price increase, with XRP climbing approximately 8% in the last 24 hours.
Despite these positive trends, some large investors have exited the market following Ripple’s legal victory. Blockchain tracking data reveals a decline in the number of wallets holding more than 1 million XRP, raising questions about whether some whales are taking profits or shifting funds to other assets.
Technical Analysis Signals Potential for $4.35 Price Target
XRP’s price movement is currently forming a symmetrical triangle pattern, a classic bullish continuation setup. Analysts suggest that if XRP breaks above the $2.35 resistance level, it could trigger a strong rally toward $4.35 by June—a 75% increase from current levels.
$XRP BREAKOUT TO $20+ IMMINENT pic.twitter.com/TR0yDDG6S4
— Amonyx (@amonbuy) March 20, 2025
On the downside, a drop below the lower trendline of the triangle could lead to a bearish scenario, pushing the price toward $1.28. On shorter timeframes, XRP has been battling key resistance at $2.50.
A decisive break above this level, supported by strong trading volume, could confirm a bullish breakout. However, failure to hold the $2.35 support might open the door for further declines toward $2.22 or even $1.90.
Traders are closely watching whether XRP can maintain its position within the $2.35–$2.40 range. If the price stabilizes, it could serve as a launchpad for another rally in the near term.
Regulatory Developments and ETF Prospects Fuel Optimism
Following the SEC’s dropped appeal, Ripple CEO Brad Garlinghouse stated that the case is now officially over. This regulatory win has strengthened investor confidence, with discussions now shifting toward XRP’s potential inclusion in exchange-traded funds (ETFs).
Crypto prediction markets like Polymarket indicate an 83% chance that an XRP ETF will be approved in 2025. Ripple currently has 11 ETF filings awaiting SEC approval, and Garlinghouse has suggested that the regulatory climate is becoming more favorable. If an XRP ETF is approved, it could attract institutional investment and drive further price appreciation.
Meanwhile, the crypto market has remained sensitive to macroeconomic factors. Concerns over potential U.S. tariffs and Federal Reserve policy uncertainty have contributed to market volatility. Some XRP whales may be hedging against these risks, choosing to wait for clearer signals before making new investments.
With the SEC case resolved, XRP’s future will likely be shaped by investor sentiment, institutional adoption, and broader market trends. If technical patterns hold and regulatory momentum continues, XRP’s path to $4.35 could become a reality in the coming months.