Ripple News: XRP Price Holds at $2 After SEC Pause — Can Bulls Push to $2.78?

The XRP price stays constant at $2.00 as Ripple receives a much-needed break from its lengthy legal dispute with the U.S. Securities and Exchange Commission (SEC). The U.S. Court of Appeals agreed to suspend the appeal process for 60 days to enable both sides to find a settlement agreement. This legal pause has ignited fresh optimism, with XRP bulls eyeing a potential 27% breakout to $2.78 – if the charts play along. But can the token maintain momentum amid weakening technical indicators and macroeconomic uncertainty?

Court Halts SEC Appeal: Ripple Gets Room to Breathe

The SEC-Ripple case, now in its fourth year, could be inching toward closure. The appellate court’s decision to hold the SEC appeal in abeyance until June 15 marks a crucial turning point. As part of the deal, no further legal briefs are expected unless talks fall through, and the SEC is required to file a status update by mid-June. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the settlement terms, noting the company would pay $50 million out of a previously set $125 million fine. Currently, an interest-bearing escrow account is used to secure these funds.

Ripple CEO Brad Garlinghouse has confirmed advancements during staff discussions with the SEC, creating further hope that XRP will receive regulatory clarity. The crypto world is keeping a careful eye on this because, if everything goes well, it might establish a ground-breaking precedent for other crypto companies involved in regulatory disputes in the United States.

XRP Eyes 27% Rally – But Bulls Must Clear Key Hurdles

XRP price is still struggling to overcome key resistance at $2.25, where an earlier rally stalled. The current support at $2.00 has held firm for now, but bullish momentum is losing steam. The presence of an inverse head-and-shoulders pattern on the 4-hour chart offers a glimmer of hope. If XRP can push above the $2.20 neckline, the technical setup suggests a potential breakout toward $2.78 – a gain of approximately 27%.

Chart 1: XRP/USD Chart, published on TradingView, April 17, 2025.

Still, the road ahead is anything but easy. XRP is facing stiff resistance at the 50-day and 100-day EMAs, located at $2.07 and $2.09, respectively. These moving averages must flip into support to strengthen bullish conviction. Even then, XRP price must conquer the 200-day EMA at $2.16 and confirm a breakout past $2.20 to validate the pattern.

However, indicators like the Relative Strength Index (RSI) at 46.37 show fading momentum, and the MACD is flashing a sell signal. If XRP dips below $2.00, support may be found at $1.96 – previous resistance turned support – or at $1.75, a level tested earlier in April.

What Comes Next: Legal Clarity or Market Jitters?

The next 60 days will be crucial for XRP’s long-term outlook. A finalized SEC settlement could unleash new institutional interest, especially if it removes the lingering regulatory cloud. On the other hand, failure to hold above $2.00, combined with bearish technical cues, could push XRP toward a corrective phase. In the short term, traders should watch for a clear breakout above $2.20 or a slide below key support at $1.96 to gauge momentum shifts.

What’s Next: XRP Price Holds Ground, But Bulls Must Step Up

XRP price may be holding strong above $2.00 for now, but the battle is far from over. While the legal pause offers breathing room and fuels bullish hopes, technical indicators paint a mixed picture. Traders should remain cautiously optimistic, waiting for a confirmed breakout above $2.20 or clarity on the SEC settlement before diving in. Until then, XRP is dancing on a fine line between relief and retreat.