The second largest alternative crypto currency has made huge strides this year towards a record-high market dominance. Once it was made known that the U.S. Securities and Exchange Commission (SEC) is willing to settle with Ripple Labs for a $50 million fine, the institutional player sentiment dramatically shifted in a positive direction.
How Settlement Hiccup Stalls XRP Price Growth
Opening the gates to a multitude of XRP exchange-traded fund (ETF) applications, the positive legal development also boosted Ripple coinโs adoption on a federal level. Indeed, the 47th U.S. President Donald Trump named XRP coin as one of the few selected for the nationโs strategic crypto reserve, initially forgetting to mention Bitcoin (BTC).
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The breakthrough in January that had sent XRP price to sky-high $3.35, just 5 cents below the all-time high set over 7 years ago, but the finality in the case isnโt achieved yet. In the latest court ruling, Judge Analisa Torres refused a joint motion for an indicative ruling on the case, which was penned by both settling parties.
Namely, this would have presented a clear ruling by the District Judge Ms. Torres, but she refuted the idea as โprocedurally improperโ. This would have likely assisted in SEC vs. Ripple case closure if it was remanded by the Second Court. In spite of being cleared out for selling unregistered securities since the SECโs 2020 complaint, more challenges lie ahead for Ripple (XRP).
XRP Price: Rebound Signs As Key Hurdle Awaits
Presently, the popular cross-border altcoin is trading three cents below the 200-EMA line. The smoothed out moving averages depict when a coin is trading above its true value or below it. At $2.41, XRP bulls could be pushing towards $2.50 again, but this resistance level didnโt hold two days ago.
Ripple (XRP) soared to $2.62 on Wednesday, but the best price result since March, 2025 wasnโt enough to tackle the $3 target. However, the large money flows flash steady buying power since May 8, 2025. According to the Chaikin Money Flow (CMF), short-sellers havenโt been able to outweigh XRP bulls while the altcoin consolidated in an oversold position.
As we can see in the chart above, the Stochastic Relative Strength Index (StochRSI) is giving out ultra low values, dwelling between 16 & 13. Solidifying the oversold condition, this could hint at breaking out of consolidation if XRP price closes the day above $2.50.
If these resistance lines are reclaimed and flipped into support with exquisite trading volume like todayโs $5 billion, a new monthly peak could be on the way. Further on, the $2.65 price level is crucial for XRP bulls in the fierce competition against Tether USD (USDT) for the bronze medal in cryptoโs global ranks by market capitalization.
On The Flipside
- Rippleโs Chief Legal Officer noted that the procedural concerns donโt change Rippleโs legal victory & non-security status.
- Despite technicalities, Securities and Exchange Commission (SEC) & Ripple Inc. are โfully in agreementโ, noted the chief attorney.
Why This Matters
The full-seasoned Ripple coin has been around both bull & bear markets, proving resilience throughout the years with high trading volumes, cross-border utility and legislation progress.
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