Can XRP reach a new ATH after the Ripple lawsuit ends?

XRP is recovering after the SEC officially dropped the lawsuit against Ripple, creating a 13% price increase in the last 24 hours. Strong technical signals and market participation are supporting the price rally.

The network activity of XRP is also reaching record levels, with the number of active addresses surging to a new peak. With legal victories and positive market signals, the outlook for XRP is being strengthened, increasing the chances of further price appreciation in the near future.

XRP DMI shows that buyers are in complete control

The DMI chart of XRP shows a significant change in the upward momentum, with the ADX (Average Directional Index) rising from 15.64 to 20.4 following the news that the SEC dropped its lawsuit against Ripple.

This increase signals that the market trend is strengthening, as the ADX monitors the overall strength of the trend without specifying its direction.

The recent increase in ADA shows that the price action is becoming more convincing, especially as the market absorbs the positive legal developments surrounding Ripple.

XRP DMI | Source: TradingView The ADX is commonly used alongside the +DI and -DI indicators, helping to determine the trend direction. Typically, an ADX above 25 confirms a strong trend, while values below 20 indicate a weak or range-bound market.

In the case of XRP, +DI has increased from 18.3 to 39, while -DI has decreased from 19.63 to 12.97, indicating a clear bullish divergence.

The strong increase in purchasing power (+DI) combined with the weakening price decline signal (-DI) supports the idea that XRP is trying to sustain and may extend its upward trend. If the momentum continues, it could witness the next price surge in the short term.

The number of active XRP addresses is reaching a new peak

The network activity of XRP has surged, with the number of Active Addresses in 7 days reaching an ATH of 1.19 million compared to the 237,000 recorded on February 27, marking an increase of nearly 5 times in just a few weeks.

The sudden surge in the number of active addresses indicates that the XRP blockchain is witnessing increased participation, whether from retail traders, institutions, or speculative interest. This demonstrates the growing attention and utilization of the network.

The number of active addresses in 7 days for XRP | Source: SantimentMonitoring the number of active addresses is very important as it provides insights into user interaction levels and actual demand on the blockchain.

Overall, the increase in the number of active addresses indicates that more people are trading or interacting with the network, which is often correlated with stronger liquidity and higher price volatility.

In the case of XRP, the sudden surge in this activity could serve as a bullish signal, indicating increasing interest and potentially attracting new capital inflows.

Although it does not guarantee that the price increase will happen immediately, strong participation in the network can help support the price of XRP and reduce the risk of a downturn, especially if combined with other bullish technical factors.

Could XRP reach $3 soon?

Its EMA lines are currently flashing signals of a new golden cross formation.

If this scenario occurs, the price of XRP may first challenge the resistance level at $2.648. If buying momentum is stronger, the price could head towards $2.99 and may potentially break through the barrier at $3.

XRP Price Analysis | Source: TradingView. Conversely, a new downtrend could form if the upward momentum does not materialize, and XRP will struggle to maintain its price within the current range.

In this case, the main support level will form around $2.47. Dropping below this threshold could cause XRP to continue to decline, testing the level of $2.21 and possibly even returning to the bottom level of $1.9.

You can view the price of XRP here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

• Bitcoin rises to $87,000 after the Fed meeting, which is expected to cut interest rates twice in 2025.
• CEO Garlinghouse: The US SEC will withdraw its appeal against Ripple.
• The role of XRP in the United States' digital asset reserve raises questions about the utility of the token.

Viet Cuong

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }