XRP price is gaining momentum following Ripple’s SEC settlement, with bullish technical indicators pointing to a potential upward breakout.
Ripple Settles With SEC as Both Parties Agree to Pause Appeals
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly agreed to pause their long-running legal appeal, marking a critical turn in the nearly four-year standoff.
According to newly unsealed court documents dated April 16 and shared by defense attorney James K. Filan, Circuit Judge José A. Cabranes granted the motion to temporarily suspend the appeal process.
The SEC is now mandated to file a status update within 60 days, effectively pressing pause on the courtroom drama.
The temporary suspension follows Ripple’s decision to pay a $50 million settlement, signaling a firm move toward regulatory closure. With this legal overhang potentially fading, XRP is poised for renewed institutional interest and broader integration into Ripple’s growing payment infrastructure.
XRP Price Forecast: Eyeing a Recovery Toward $2.25
XRP price forecast leans moderately bullish as the digital asset hovers near $2.08, with technical indicators hinting at a potential breakout. The Donchian Channel signals compression between support at $1.61 and resistance at $2.25, indicating a consolidation phase that often precedes directional moves.
Notably, Ripple price has recently closed above the midline of the Donchian Channel, suggesting growing buyer interest.
Momentum supports this narrative. The MACD histogram has flipped green with increasing bars, while the MACD line has crossed above the signal line, signaling a shift in short-term momentum toward the bulls. This crossover near the zero line often precedes more significant rallies, especially after prolonged bearish phases.
However, downside risks remain if XRP falls below the midline at $1.93. That would expose the lower bound of $1.61. A sustained close above $2.25 could confirm bullish continuation toward $2.40, marking a technical breakout with higher conviction. Until then, XRP trades in a tightening range with bullish bias.
The post XRP Price Forecast: Ripple Settles With SEC—Is $2 the New XRP Price Floor? appeared first on CoinGape.
