XRP Price Analysis

XRP is up 3.5% from its values 24 hours ago, recovering from a weekend low of $2.37 after weeks of consolidating between $2 and $2.2. A recent surge has pushed the broader crypto market into a slightly neutral sentiment, with the fear and greed index growing to 45 from Sunday’s 30, according to market data trackers.

The token’s community sentiment has grown optimistic about its price outlook after Ripple CEO Brad Garlinghouse announced the end of a four-year-long legal clash with the US Securities and Exchange Commission (SEC), although an official statement from the SEC is still pending.

The increase in the greed index may have been fueled by expectations of further positive developments for XRP’s price. Investors are eagerly awaiting more announcements from Ripple regarding partnerships, the Ripple USD stablecoin (RLUSD), and potential collaboration with cross-border payments platform SWIFT.

XRP Following Historic Trends

Historically, Ripple Ledger’s native token has performed well in March, averaging a 19.2% gain over the past 11 years, according to data from Cryptorank. However, as of Monday, XRP’s price growth for the month has fallen by 4.72% and is currently trading at $2.46, with the final week of trading yet to conclude.

According to Coingecko, the token has increased by slightly more than 5% this week and has recovered by 26% from its 30-day lows. Analysts believe XRP’s upward momentum could persist through this business week if it continues to follow historical trends, possibly ending March 2025 on a positive note.

Additionally, the token’s uptick could be attributed to the announcement of 21Shares listing three new exchange-traded products (ETPs) on Nasdaq Stockholm, including the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

An ETF Express statement highlighted the growing interest in crypto investments in the Nordic market, with plans to offer digital currency services to investors in Europe upon receiving the necessary legal approvals.

Mandy Chiu, 21Shares’ Head of Financial Product Development, remarked in a press briefing, “This year represents a breakthrough moment for crypto in Europe, driven by increasing confidence from the MiCA regulatory framework and a significant rise in institutional participation.”