- Ripple remains strong above the $2 mark amid mixed technical signals, legal optimism from Ripple-SEC settlement talks, and rising ETF speculation.
- While consolidation continues, a breakout or breakdown appears imminent based on upcoming market and regulatory developments.
Ripple is making waves again, staying firm above the psychologically crucial $2 level despite mixed technical indicators and market volatility. As of now, XRP trades at $2.09, showing a modest 1.28% gain in the past 24 hours. Its trading volume has jumped 8.48% to $3.35 billion, a sign that market participants are paying close attention to what could be the next big move.
Over the past week, XRP has risen 4.88%, maintaining its grip on the $2 mark. Analysts say this consolidation phase could either lead to a powerful breakout toward $2.50 and beyond—or a slide back to support levels at $1.80 or even $1.50.
Ripple Faces Technical Tug-of-War: Indicators Suggest Caution
Currently, the Relative Strength Index (RSI) stands at 45.3, signaling a neutral momentum. Meanwhile, the MACD points slightly bearish at -1.8. XRP also slipped below its 20-day EMA of $2.10 and is now hovering near that critical level. With the 50-day Simple Moving Average (SMA) at $2.23 acting as resistance, XRP is caught in a tight range. A decisive move in either direction will likely set the tone for the next trend.
From Lawsuits to Liftoff: Legal Relief Sparks Hope
A major boost to XRP’s long-term outlook comes from Ripple’s ongoing legal battle with the SEC. In a significant development, both parties have agreed to a 60-day pause in court proceedings to explore a settlement. This move coincides with a regulatory shift at the SEC, now under new leadership with Paul Atkins, known for his pro-market stance.
The settlement talks—and the potential for lighter regulation—have reignited optimism around XRP’s institutional future. Speculation around a possible XRP ETF is also gaining traction, which could serve as a catalyst for a breakout.
2025 Outlook: Neutral Yet Hopeful
Changelly’s forecast for April 2025 pegs XRP between $1.69 and $2.05, with a yearly range of $1.85 to $1.95. While the sentiment remains neutral, investors are holding out hope that legal clarity and institutional products could drive a significant upside.
The Big Question: Breakout or Breakdown?
As XRP consolidates above $2, the market is holding its breath. With growing momentum, improved legal positioning, and potential ETF chatter, all eyes are on XRP to see whether the bulls will seize control—or if bears will drag it back below support.
