XRP to Break $2.5 Resistance? Court Decision and XRP ETF Approval Buzz Could Change Everything!

    Let’s dive into the latest XRP news as settlement talks intensify after a court ruling, with hopes of a possible XRP ETF approval fueling speculation.

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    Updated Apr 17, 2025 2:35 PM GMT+0
    XRP to Break $2.5 Resistance? Court Decision and XRP ETF Approval Buzz Could Change Everything!

    The long-running legal fight between the SEC and Ripple fueled the settlement rumors. A recent court decision put a key appeal on hold, shifting attention toward a possible resolution, and maybe even an XRP ETF approval. Legal experts say this could result in Ripple paying a smaller fine and getting the green light to resume XRP sales, especially to institutions. That move could open the floodgates for broader adoption and fresh institutional interest. And if the ETF goes through, it could give XRP an even more significant boost in demand and price.

    XRP Settlement Speculation Builds Amid Court Ruling and ETF Hopes

    On April 16th, the U.S. Court of Appeals paused the SEC’s appeal, which has reignited hopes for a final settlement. With the legal pressure easing, attention is now on whether Ripple can cut down its fine and remove the ban on XRP sales. This shift could seriously boost XRP’s adoption, especially among institutional players. Ripple’s legal team is now working toward a potential settlement of the final judgment. Lifting the injunction against institutional XRP sales could allow for greater market access, particularly in the U.S. 

    Legal experts have raised expectations of a reduced fine and a clear path to an XRP-spot ETF approval. Big institutions like Bitwise and Grayscale are already lined up, waiting on the SEC’s green light for an XRP ETF. If it gets the go-ahead, it could trigger a fresh wave of institutional interest and give XRP the momentum to climb higher. While the XRP price dipped slightly by 0.03%, its next big move likely depends on how these legal and ETF developments play out.

    XRP Price Actions on April 17

    Following this XRP news, the trading day of April 16th for XRP/USDT began with a downward trend. The 5-minute chart showed an oversold situation, followed by a death cross at 07:35 UTC, which signaled a price decline. The price found support at $2.0355, and from there, it began stabilizing. At 08:20 UTC, a golden cross on the MACD line signaled the start of an upward movement, and the price fluctuated upward despite continued oversold conditions on the RSI. However, at 21:55 UTC, a death cross on the MACD line initiated another downward trend. The price ended April 16th in an oversold situation and entered April 17th with a slight decline.

    XRP/USDT Chart, analyzed by ShwetaCW, published on TradingView, April 17, 2025

    On April 17th at 03:55 UTC, a golden cross appeared on the MACD line, signaling a potential reversal to the upside. By 05:35 UTC, an overbought situation fueled strong bullish momentum, with the price increasing. According to XRP price prediction, if the bullish trend continues, it could break the current resistance at $2.1853 and aim for $2.2500. Conversely, if the downward trend resumes, the price may fall below support at $2.0355 and target $1.9000.

    XRP Price Outlook

    As legal proceedings progress, XRP’s future looks promising. Institutional demand could surge if the settlement proceeds and an XRP ETF are approved. According to XRP price predictions and XRP news, if the bullish momentum continues, XRP could break resistance at $2.18 and reach $2.25. However, if the resistance holds, it may dip to $1.90.

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