XRP News: Ripple v. SEC Lawsuit Speculation and XRP Price Impact

In the ongoing saga of Ripple’s legal battle with the Securities and Exchange Commission (SEC), there is renewed speculation about the potential resolution of the case. Here’s a closer look at the latest developments and their impact on XRP’s price.

Ripple v. SEC Lawsuit Speculation: Potential Resolution?

XRP supporters are hopeful that the eventual appointment of Paul Atkins as the new Chairman of the SEC could lead to a favorable resolution for the Ripple case, given his pro-crypto stance. One legal expert predicts a settlement before April 16. However, the ongoing uncertainty continues to affect XRP’s price, which is currently down 33% from its local high. The legal battle between Ripple and the SEC remains unresolved and is among the most discussed topics in the crypto space.

Cryptocurrency: 3 Tokens That May Rally Under Trump-Musk Regime

The cryptocurrency market has received maximum support under President Donald Trump, helping Bitcoin soar past the $100K mark. The US SEC has prepared a crypto task force to deliver new regulatory reforms, indicating the government’s seriousness about making America a leading crypto hub. One of the most trending crypto tokens to stock now is Ripple (XRP).

XRP Coils For A Breakout, But Key Resistance Still Stalls The Rally

XRP remains in a holding pattern, according to the latest chart analysis. Despite a relatively subdued weekend, XRP continues to trade above critical support levels, indicating that the current bullish structure has not been invalidated. A closer look at the 4-hour XRP/USD chart shows two converging trend lines that have formed a symmetrical triangle spanning from mid-January to mid-March. XRP’s price action has respected both the upper and lower boundaries of this formation until early March. Back then, the XRP price initially staged a breakout attempt, but it turned out to be a fakeout and quickly failed. However, the second breakout now appears more promising.

XRP Stumbles, But Analysts See Path to $70

Despite recent setbacks, analysts remain optimistic about XRP’s potential price surge, predicting it could hit between $33 and $70. The crypto faced a 20% drop in trading volume, but market observers are confident it can bounce back. As of now, XRP is traded at $2.33, down 0.1% in the past 24 hours but higher than the $2.29 recorded on March 16. It showed resilience with a 9% increase in the past week.