Is XRP crypto the best altcoin to buy in March? Brad Garlinghouse thinks so after the SEC Coinbase back-down spurred hope for XRP price analysis.
Ripple (XRP) has been volatile in the half-decade since the SEC first brought charges against the blockchain innovation in 2020, but now, post-court case and with a new pro-crypto administration in the White House, things are finally looking up for the XRP price.
Indeed, Trump’s freshly appointed head of the SEC crypto unit, Hester Peirce , is already hard at work, having seemingly dropped the high-stakes case against Coinbase earlier this week.
Suffice it to say (as I know there are lots of impatient people, including me!), this SEC has demonstrated a clear interest in moving on quickly (!) from the failed regulation by enforcement policies of the last Administration. 😄 https://t.co/e2Rj9NUiDF
— Brad Garlinghouse (@bgarlinghouse) February 21, 2025
Hitting out in the wake of the news, Ripple’s long-standing CEO Brad Garlinghouse lorded the move, noting the quick speed at which the SEC was working to undo the damage of the previous Gensler administration’s ‘regulation by enforcement’ approach.
Meanwhile, XRP price reacted despondently to the comment, with XRP crypto continuing to trade daily, weekly, and monthly to the downside.
But is it all over for XRP, or is this the perfect bottom to buy? Let’s dig in.
XRP Price Analysis: Is It All Over for XRP Crypto, or Can Brad Garlinghouse Spark Ripple Rally?
As XRP price battles to consolidate the $2.5 support level, Ripple is currently trading at a market price of $2.54 (representing a 24-hour change of -1.09%).
This comes after more than a month of downside for XRP price (-18.26% MoM) following the retreat from the most recent all-time high at $3.42.
Yet, despite seemingly hanging for a thread, the last month has displayed remarkable stability and consolidation for XRP price, with Ripple cementing a foothold above $2.5 as the dust settles from the ATH.
( XRPUSDT )
Better yet, the consolidation period has given the 20DMA a chance to cool off and provide active current support to the consolidated price level, priming the technical structure for a bounce in the coming weeks.
Such a move would likely propel XRP’s price back to re-test the previous all-time high at $3.5 (+35%). However, rejection could see Ripple’s price tumble back down to retest the lower trendline at $2.
But while XRP crypto holders target a 35% gain, savvy money investors know the real way to make it big in crypto is to invest early as an early bird in the presale stage.
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