Ripple v. SEC Outcome: XRP Moon Dreams Face Reality Check – Is the Rally Priced In?

Key Points:

• Ripple and the SEC are nearing a resolution in their long-standing lawsuit.
• XRP has seen a significant weekly surge, but analysts debate if the resolution is already factored into its price.
• Potential catalysts like strategic partnerships and a spot XRP ETF could drive future price movements.
• Technical analysis indicates key resistance levels that could trigger further rallies.

Ripple’s Legal Battle Nears Conclusion, But Market Reacts Calmly

The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be reaching its final stages. A recent joint motion to halt the appeal and cross-appeal proceedings signals a potential end to the years-long dispute. Notably, Ripple will not be submitting its appellate brief on April 16th, as previously anticipated.

This development, following CEO Brad Garlinghouse’s announcement that the SEC dropped its appeal, has generated minimal price volatility for XRP. The final settlement now hinges on the Commission’s approval, potentially paving the way for the case’s closure since its inception in December 2020.

Is the XRP Rally Already Priced In?

Despite the positive legal developments, some analysts caution against expecting an immediate price surge. An X user, All Things XRP, suggests that the market may have already priced in the lawsuit’s resolution. They propose that future price catalysts may stem from Ripple’s strategic partnerships, such as potential collaborations with Cardano, or the recent $1.2 billion acquisition of prime brokerage giant Hidden Road.

Furthermore, the potential approval of a spot XRP exchange-traded fund (ETF) in the U.S. is a significant factor. Major financial institutions, including Grayscale, Bitwise, 21Shares, and Franklin Templeleton, are actively pursuing this. Polymarket data indicates nearly an 80% probability of a spot XRP ETF approval by the end of 2025, which could significantly boost institutional adoption.

XRP Price Analysis: Key Levels to Watch

XRP is currently trading around $2.12, reflecting a nearly 30% weekly increase. Analysts are closely monitoring key resistance and support levels to predict future price movements.

Ali Martinez identifies an ascending triangle pattern, with a critical resistance level at $2.22. A breakout above this level could trigger a rally towards $2.40.

CRYPTOWZRD highlights $2.2050 as a crucial breakout point, potentially propelling XRP towards $2.33 or higher. Conversely, $2.070 is identified as a key bearish level.