XRP Rebound Potential: Ripple SEC Case Breakthrough & Trump’s Crypto Mention Spark Price Recovery Hopes

• XRP has plummeted more than 20% in the last seven days amid disappointment in Trump’s Crypto Reserve.
• The 20-day EMA at $2.41 poses a substantial resistance to the cryptocurrency’s price action. 
• With the SEC dropping cases against various crypto firms, the Ripple lawsuit is expected to be dropped soon as well.

XRP investors are eyeing a potential breakout as the token shows increasing momentum. Optimism is building on two fronts: the Ripple SEC legal situation possibly nearing a resolution and Donald Trump’s crypto market-igniting proposals. 

Despite a recent pullback, with XRP currently trading around $2.19 after a 21.56% drop over the past week, analysts suggest these factors could set the stage for a significant price rebound.

XRP Price Drops Sharply: Market & Regulatory Issues

On March 2, US President Donald Trump made a strong promise. He said a US Crypto Reserve would make the industry stronger after what he called “corrupt attacks by the Biden administration.” 

Trump’s order told the Presidential Working Group to move forward with a Strategic Crypto Reserve. This reserve would include XRP, Solana (SOL), and Cardano (ADA) along with …

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