Price Analysis
  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 2 minutes read

XRP Price Prediction For March 13

  • currency-symbol XRP $ 2.05 (-1.30%) top looser

As Bitcoin (BTC) price attempts to follow gold price action in a bullish outlook, Ripple Labsโ€™ XRP has signaled early signs of imminent parabolic growth in the near future. The large-cap altcoin, with a fully diluted valuation of about $224 billion and a 24-hour average trading volume of around $4.7 billion, has rebounded over 10 percent in the past two days from a crucial support level.

After being trapped in a falling trend since the second inauguration of U.S. President Donald Trump XRP price retested and rebounded from a crucial support level of around $1.9 in the past few days. 

XRP Price Chart Insights and Prediction

By now, it is safe to say that XRP price has already finalized the first rally of the 2024/2025 crypto bull rally and is in the process of kickstarting the next leg. From an Elliott wave principle, the XRP price has completed the first wave and is now on the edge of winding up the second wave, characterized by ABC correction.

From a technical analysis standpoint, XRP price, in the daily time frame, has been forming a mega-phone structure in the past few weeks. In the past few days, XRP price has successfully rebounded from the lower border of the mega-phone structure.

With the daily Relative Strength Index (RSI) forming a bullish divergence, XRP price is well positioned to rally towards $3 in the near future.

However, a consistent close below the established support level of around $1.9 will trigger a further selloff in the subsequent weeks.

Factors Fueling Bullish Outlook

As Coinpedia has explained in the past, Ripple Labs has made deliberate efforts to build the XRPL network and enhance the mainstream adoption of XRP via the web3 ecosystem. Already, Ripple Labs has launched a fiat-backed Stablecoin on the XRPL dubbed RLUSD to enhance liquidity for XRP-based DeFi protocols.

In a bid to ensure sustainable future growth, Ripple Labs has focused on working together with regulators around the world. As the SEC vs Ripple case approaches the end under the Trump administration, the payment blockchain announced that it has secured regulatory approval from the Dubai Financial Services Authority (DFSA).

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FAQs

Why is XRP price going up?

The XRP price is going up in view of the possibility of the Ripple vs SEC case closure, ETF filing, and more.

What is the XRP price prediction after the lawsuit?

The case is expected to conclude on April 16, if Ripple wins against the SEC, XRP could reach $10 or higher. A prolonged case might keep prices around $5.81 in 2025 before further growth.

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