XRP Price Eyes $2.50 Breakout as SEC-Ripple Case Nears Final Settlement
0
0

The SEC and Ripple have moved one more step closer to settling their protracted lawsuit. Citing a settlement-in-principle to resolve outstanding matters, both sides requested a U.S. Appeals Court, in a new filing, to stay all appeals and cross-appeals. Though final approval is still in progress, this legal action most surely signals the end of the case. But the market is not responding; the XRP price remains constant, indicating that traders have already priced in a positive outcome.
Market Consequences and Movement Particulars
Ripple and the SEC’s joint motion seeks to pause other appeals until the two parties agree on a complete settlement. This includes Ripple’s cross-appeal, the SEC’s initial appeal, and any outstanding claims linked to individuals. Final approval of the resolution is subject to a vote by the SEC Commission, which could take up to 60 days. Longtime case follower James Filan, an attorney, released the filing publicly, noting that it confirms both sides want to settle, even though he is not directly involved.
The action halts a process that has continued since the SEC originally brought action in 2020. The XRP network remains calm despite its legal significance. Since the SEC dropped its primary charges, traders appear to have anticipated this outcome. Unless something unexpected arises in the final settlement, the legal conclusion may not impact price dynamics. Still, the resolution could have long-term regulatory consequences for the broader crypto industry as Ripple repositions with more clarity. In the world of Crypto news, this development could signal the end of a regulatory saga. Let’s take a look at the XRP price forecast to see how this development affects XRP’s price.
XRP Price Prediction for April 11, 2025
On the 15-minute XRP/USDT chart, an erratic pattern emerges with multiple support and resistance levels influencing short-term price action. XRP rose above the $2.05 resistance following a strong rebound from the $1.72 support zone before running into rejection near the $2.10 range. Strong momentum supported the rally, but it quickly retracted; the price settled above the support level of $1.90–$1.95. Trading near $1.99, XRP is showing moderate bullish recovery from prior consolidation.
Chart 1: Analysed by vallijat007, published on TradingView, April 11, 2025
Though the RSI is still at overbought levels, it stands at 58.07, indicating moderate bullish momentum. Notably, previous overbought and oversold signals aligned well with short-term tops and bottoms, reflecting reactive sentiment among traders. Conversely, the MACD recently showed a death cross following a previous bullish cycle, signaling caution. The histogram is flattening, though, which might suggest an eventual shift in momentum. Overall, XRP looks range-bound in the short term. Failure to maintain $1.95 support could rekindle bearish pressure, but breaking above $2.00 might pave the way back to $2.05–$2.10.
Market Remains Cautious, Settlement Signals
Ripple and the SEC’s joint initiative to halt legal proceedings implies a complete settlement is practically at hand, potentially ending one of the longest legal battles in the crypto sector. Nevertheless, the XRP network seems unmoved; likely, traders have already priced in a favourable outcome. While a finalized agreement could shift the legal narrative for crypto in the United States, any near-term price reaction might remain limited. This Crypto news milestone might mark a turning point for how regulation is shaped moving forward. The focus now turns to how Ripple navigates the post-settlement landscape and whether clarity will drive future momentum.
The post XRP Price Eyes $2.50 Breakout as SEC-Ripple Case Nears Final Settlement appeared first on Coinfomania.
0
0
Securely connect the portfolio you’re using to start.