Ripple’s XRP is showing signs of renewed momentum this week as the token hovers near a critical resistance level, buoyed by ongoing legal developments and growing optimism over Ripple Labs’ expanding role in global payments. While price action has remained cautious, analysts believe XRP is on the brink of a major breakout—one that could send it rallying by over 55%.
XRP Holds Steady as Ripple-SEC Settlement Talks Progress
XRP traded at $2.10 on Thursday, marking a 30% rebound from its monthly low. The most notable catalyst this week was a U.S. court decision granting a 60-day pause in the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC). The pause allows both parties to negotiate a potential settlement, reinforcing investor optimism that a resolution may finally be within reach.
The news didn’t trigger a major price move, largely because it met market expectations. However, it reflects a broader shift in the regulatory environment. The SEC has recently dropped lawsuits against several major crypto firms, including Coinbase and Uniswap, suggesting a more conciliatory tone that could benefit Ripple’s legal position.
Ripple’s Vision: A Faster, Cheaper Alternative to SWIFT
Ripple CEO Brad Garlinghouse reiterated the company’s long-term vision this week, emphasizing Ripple’s potential to challenge SWIFT, the 50-year-old interbank messaging network that handles over $150 trillion annually.
“SWIFT is slow, outdated, and expensive. Ripple is built to replace it—with near-instant transfers and minimal fees,” Garlinghouse noted.
Ripple’s strategy includes expanding XRP Ledger utility. The company recently:
- Integrated a Ripple USD stablecoin into its payment ecosystem.
- Acquired Hidden Road, a trading platform handling $10 billion in daily volume, which it plans to migrate to the XRP Ledger.
Technical Outlook: A Potential 55% Price Explosion
Chart analysis suggests XRP could rally to $3.40, a 55% increase from current levels, if key resistance levels are broken:
- 50-day Moving Average – XRP has struggled to break above this since March 6.
- Descending Trendline – Connecting highs since January 6, this trendline must be broken to confirm bullish momentum.
- Head-and-Shoulders Pattern – XRP needs to rise above the $2.90 level, marking the pattern’s shoulders, to validate a breakout.
If these technical signals align, analysts believe XRP could rapidly approach its year-to-date high of $3.40. However, if the token drops below $1.9035 (the neckline of the pattern), the bullish outlook would be invalidated.
Final Thoughts
With Ripple pushing for institutional adoption, regulatory clarity within reach, and strong technical potential, XRP is positioned for a breakout moment. Investors now await movement above key resistance levels and signs of a final SEC settlement—as the next green lights for what could be a major rally.
