XRP Drops Below $2.50 After SEC Case Closure Reports

XRP, the cryptocurrency associated with Ripple, has experienced a slight retracement, falling below the $2.50 support level. This occurred after the asset failed to sustain short-term gains that were driven by reports indicating that the Securities and Exchange Commission (SEC) had concluded its case against Ripple.

In the current market sentiment, several artificial intelligence (AI) models have provided varied price predictions for XRP. These models suggest that the asset's price will likely be influenced by Bitcoin’s (BTC) momentum, overall market trends, and regulatory developments.

As of the latest update, XRP was trading at $2.39, reflecting a modest 0.3% gain over the past 24 hours. On a weekly basis, the token has seen a rally of nearly 5%.

At the current price, XRP aligns with its 50-day simple moving average (SMA) of $2.40. However, the 200-day SMA at $1.70 indicates that the longer-term trend is still catching up to the recent rally.

Regarding XRP’s price trajectory, several AI models have been consulted to offer diverse price targets for April 1, 2025. OpenAI’s ChatGPT-4o projected that if XRP maintains its recent momentum, it could trade between $2.45 and $2.65. A more bullish scenario could push it higher between $2.60 and $2.80, especially if Bitcoin remains strong and the broader market stays optimistic. However, if the market experiences a pullback, XRP could dip to between $2.20 and $2.35 before recovering. Given its current trajectory, ChatGPT sees the $2.45 and $2.65 range as the most probable outcome.

DeepSeek AI took a broader perspective, considering macroeconomic trends and Ripple’s regulatory situation. In a best-case scenario, XRP could surge between $3.50 and $5. If the market remains steady with no major catalysts, it expects XRP to hover between $2.40 and $2.60. Conversely, if regulatory troubles intensify or the crypto market turns bearish, XRP could fall to $1.50–$2.00.

xAI’s Grok3 provided a more technical short-term outlook, factoring in daily price movements. A bearish scenario could see XRP decline by 1-2% daily, bringing it down to $2.10 and $2.25 if negative sentiment prevails. A neutral case would keep XRP around $2.45, reflecting minor fluctuations but no significant market shifts. If momentum turns bullish, with XRP gaining 2-3% per day, it could climb toward $2.75 and $2.95, with $2.85 being a realistic target.

While each AI model offered a different range, the most common projection for XRP’s price on April 1, 2025, falls between $2.40 and $2.65, with a bearish floor of around $2.10 and an upper bullish target near $5.00.

Based on the technical outlook, XRP is at a critical juncture. The token remains quiet, trading below its median volume level of $2.395. Support at $2.22 marks the channel bottom, where a bounce could fuel a push toward $2.50. Currently, in Wave 4 of Elliott Wave Theory, XRP is consolidating before a potential breakout into Wave 5, which could drive prices higher. A decisive move above the descending trendline and median level would confirm bullish momentum, while a drop to $2.22 may offer a strong rebound zone.

According to the analysis, XRP traders are heavily bullish. This is highlighted by the 72.28% of long open positions on Binance Futures compared to 27.72% short. This results in a Long/Short Ratio of 2.61, signaling that bullish sentiment dominates the derivatives market. A high long-to-short ratio suggests that traders anticipate a price increase, potentially fueling an upward move. However, such an imbalance can also lead to increased volatility, as excessive long positions make the market vulnerable to liquidation if prices drop.