- Ripple’s recent $50 million SEC settlement has reduced legal uncertainties, boosting XRP’s price and investor confidence.
- Technical indicators suggest XRP could break above $2.25, signaling potential for further gains.
XRP’s price momentum is gathering steam following Ripple’s recent settlement with the U.S. Securities and Exchange Commission (SEC), making a potential breakout above the $2.25 resistance level increasingly likely. The settlement, which saw Ripple pay $50 million to pause its long-running legal dispute, has significantly reduced the regulatory overhang that once weighed heavily on the cryptocurrency’s price. As a result, investor sentiment is rapidly shifting, and XRP’s bullish indicators suggest that a rally could be on the horizon.
Also read: 4 Key Factors That Could Drive a Crypto Comeback in Q2 2025
Ripple’s Legal Victory and Its Impact on XRP Price
After nearly four years of legal battles, Ripple and the SEC reached a critical agreement to pause their appeals, following Ripple’s decision to settle the case. This move effectively signals the end of the regulatory cloud that had previously dampened investor confidence in XRP’s future. Legal uncertainty had put a damper on the cryptocurrency’s ability to gain institutional support, but now that Ripple has settled, XRP is positioned for renewed growth within Ripple’s expanding global payments infrastructure.
Technical Indicators Point to Bullish Momentum
From a technical standpoint, XRP’s price action is looking increasingly favorable. Currently hovering near $2.08, XRP is sitting in a consolidation phase between key support at $1.61 and resistance at $2.25. The Donchian Channel—a key technical tool—indicates compression, which often precedes a breakout. Ripple’s recent price movement above the midline of the Donchian Channel suggests that bullish interest is beginning to build.
Additionally, the MACD (Moving Average Convergence Divergence) indicator is showing strong bullish signals, with the MACD line crossing above the signal line. This shift is often seen as a precursor to upward price action, especially after prolonged bearish phases. The combination of these technical signals indicates that XRP could soon surpass its $2.25 resistance level, targeting a move toward $2.40.
Can XRP Reach $15?
While the $2.25 level remains a key resistance point for XRP in the short term, some analysts speculate that the cryptocurrency could eventually soar to much higher levels. As institutional interest picks up, driven by Ripple’s expanding cross-border payments infrastructure, XRP may gain significant adoption. If bullish momentum continues, some optimistic projections suggest that XRP could eventually hit $15, especially as the market dynamics around Exchange-Traded Funds (ETFs) continue to evolve.
In conclusion, XRP is showing signs of significant recovery following the settlement with the SEC, with technical indicators pointing toward further upward movement. As the cryptocurrency markets stabilize and institutional interest builds, XRP’s price could see even higher levels in the coming months.