Ripple’s XRP is navigating a pivotal moment as the company and the U.S. Securities and Exchange Commission (SEC) jointly push for a clear legal resolution, aiming to put years of regulatory uncertainty behind them. The latest developments come as the crypto market keeps a close eye on macroeconomic signals, particularly the Federal Reserve’s upcoming interest rate decision.
Ripple and SEC Move Toward Settlement
Ripple has submitted a supplemental letter supporting a joint motion with the SEC, requesting an “indicative ruling” from Judge Analisa Torres of the Southern District of New York. This move is not about revising the previous Summary Judgment Order but about formalizing a mutually agreed $50 million settlement—significantly less than the $2 billion initially sought by the SEC. The letter clarifies that Ripple will still be held accountable under securities laws, but the settlement would align Ripple’s treatment with other crypto firms whose cases were dismissed earlier in the process.
The SEC, for its part, has indicated a shift in its approach to digital asset regulation, recently dropping cases against other major crypto players like Binance and Coinbase. Both Ripple and the SEC have asked the court to pause ongoing appeals while they await a decision that could finalize the settlement and bring the long-running lawsuit to a close.
Market Reaction: XRP Eyes Key Support
XRP has seen a 9% pullback from its recent highs, currently trading around $2.15. The token is testing support at the $2.00 level, a critical threshold for technical traders. If this support holds, analysts see potential for a bullish fractal breakout—a pattern where repetitive price bars signal a possible reversal. A successful rebound could see XRP retesting resistance at $2.34 and potentially aiming for its May peak of $2.65.
However, the technical outlook remains cautious. XRP is trading below key moving averages (the 50, 100, and 200-period EMAs), and the Relative Strength Index (RSI) is trending toward oversold territory, suggesting bearish momentum could persist if $2.00 fails to hold.
Broader Context: Fed Decision and Crypto Sentiment
Investor focus has shifted from geopolitical tensions to the Federal Reserve’s interest rate policy. Most experts expect the Fed to keep rates steady, but any surprise could impact risk assets like cryptocurrencies. In the meantime, the broader crypto market is consolidating, with major coins like Bitcoin and Ethereum also defending key support levels.
What’s Next for Ripple and XRP?
The next major milestone is the court’s response to the joint motion and the status report due by August 15, 2025. A favorable ruling could finally close the chapter on Ripple’s legal saga, providing much-needed regulatory clarity for XRP and the wider crypto industry.
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