{"id":18454,"date":"2025-03-21T12:17:08","date_gmt":"2025-03-21T12:17:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18454"},"modified":"2025-03-21T12:17:08","modified_gmt":"2025-03-21T12:17:08","slug":"xrp-price-surges-after-sec-drops-appeal-as-solaxy-l2-project-nears-28m-in-ico","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18454","title":{"rendered":"XRP Price Surges After SEC Drops Appeal as Solaxy L2 Project Nears $28M in ICO"},"content":{"rendered":"
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Yesterday, XRP\u2019s price surged after news broke that the SEC is finally ending its years-long legal battle with Ripple.<\/p>\n

Meanwhile, amid all the excitement, the new Layer-2 project Solaxy is growing rapidly \u2013 its ICO fundraising has now passed the $27 million mark.<\/p>\n

SEC Drops Appeal Against Ripple as XRP Price Rallies<\/h2>\n

The SEC officially dropped its appeal against Ripple, catching everyone off guard.<\/p>\n

Its legal battle against Ripple has been going on since December 2020 \u2013 hampering XRP\u2019s progress.<\/p>\n

But Ripple\u2019s CEO, Brad Garlinghouse, revealed<\/a> on X (Twitter) yesterday that the worst is now over.<\/p>\n

Naturally, investors went wild.<\/p>\n

XRP shot up 12% to $2.59, marking its highest price since March 7.<\/p>\n

Although the token has dipped slightly since then, now at $2.47, it\u2019s still up 7% from yesterday.<\/p>\n

Spot trading volumes have also surged 250% from the previous day.<\/p>\n

\"\"<\/a><\/p>\n

And open interest, which measures how many futures (or options) contracts are active, also jumped 17% to $1.7 billion<\/a>.<\/p>\n

It seems that removing the cloud of regulatory uncertainty has boosted XRP, and traders feel that there\u2019s real room for an extended rally.<\/p>\n

Popular trader @PharaohX33<\/a> predicted XRP could hit $4 in Q2.<\/p>\n

Crypto Market Rebounds After Positive Ripple News<\/h2>\n

It\u2019s not just XRP holders feeling the buzz.<\/p>\n

The entire crypto market seems to be on the up, with most major coins back in the green.<\/p>\n

Bitcoin has climbed to $85,300, a 2% jump from yesterday.<\/p>\n

BNB, Solana, and Dogecoin have also posted gains \u2013 although Ethereum has disappointed with a 1% dip.<\/p>\n

The market\u2019s bullish momentum has pushed its total value back to $2.79 trillion<\/a>, with trading volumes up 45% in the past 24 hours.<\/p>\n

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Could this be the bottom traders were waiting for?<\/p>\n

The recent sell-off has dampened sentiment, but the XRP news might be the positive catalyst that the market needs.<\/p>\n

Analysts think so \u2013 Markus Thielen, CEO of 10x Research, believes Bitcoin could be heading back to $90,000<\/a>.<\/p>\n

He expects the Fed to be \u201cmildly dovish,\u201d which would be great news for riskier assets like crypto.<\/p>\n

Although the Fed didn\u2019t cut rates yesterday, the renewed optimism is clear \u2013 and it\u2019s spilling over into other areas of the market.<\/p>\n

Solaxy Also Gains Momentum in ICO as New Solana L2 Receives Analyst Endorsement<\/h2>\n

Ripple\u2019s legal victory has also boosted interest in Solaxy<\/a>.<\/p>\n

Solaxy isn\u2019t just another random crypto project \u2013 it\u2019s aiming to be the first true Layer-2 solution for Solana.<\/p>\n

Solana is known for being super-fast but sometimes gets congested, which is where Solaxy comes in.<\/p>\n

The Layer-2 processes transactions off-chain and batches them for settlement on Solana\u2019s mainnet.<\/p>\n

As a result, traders get faster speeds, lower costs, and fewer failed transactions.<\/p>\n

This setup has been well received by the crypto community, as evidenced by Solaxy\u2019s ICO, which has already raised over $27.1 million.<\/p>\n<\/p>\n