XRP Breaks Higher After Ripple Drops SEC Appeal, but What’s Next?
XRP saw a strong surge of over 3% on Friday after Ripple Labs CEO Brad Garlinghouse announced that the company would drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC).
That move signals a potential winding down of the years-long legal battle that has cast a shadow over the XRP market since 2020.
“Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse posted on X. Within five hours of the statement, XRP had jumped 3.36% to $2.18, according to the Ecoinimist Markets page.
While XRP’s legal status remains technically unchanged—particularly for past institutional sales—the announcement was interpreted by investors as a symbolic end to the regulatory uncertainty. Ripple’s Chief Legal Officer Stuart Alderoty reinforced this stance, saying the company now has clarity and is ready to move forward: “It’s business as usual.”
XRP Technical Indicators Confirm Growing Momentum
This legal shift coincides with subtle but clear improvements on the technical front. The daily chart for XRP shows that momentum is slowly swinging back in favor of the bulls. The MACD has crossed into bullish territory for the first time in recent days, with its histogram printing consecutive positive bars.
That crossover often serves as a precursor to renewed upward trends, especially when supported by a news catalyst—as is the case now.
Daily chart for XRP/USD (Source: GeckoTerminal)
Price action also confirms the shift. XRP recently bounced from its multi-day support zone between $2.1394 and $2.1453, signaling that buyers are defending this level with conviction. This recovery now puts the token in a position to test the first major resistance around $2.2446. A break above this level could see XRP accelerating toward the higher zones at $2.2949 and $2.3211.
Meanwhile, the RSI remains in a balanced range, neither overbought nor oversold, which suggests there’s still room for price expansion in either direction. Crucially, XRP has also reclaimed its 9-day exponential moving average and is nudging the 20-day EMA—a potential signal that trend alignment is returning.
XRP Trading Strategy: What to Watch for Next
Traders looking for long opportunities should keep a close eye on a confirmed breakout above $2.2446, ideally with a daily close and rising volume. This would likely indicate a bullish continuation pattern fueled by both market sentiment and reduced regulatory fear. In this case, target zones near $2.2949 or even $2.3211 come into play.
On the flip side, if XRP fails to sustain its momentum and slips below the $2.1394–$2.1453 support zone, it could indicate that the rally was a short-lived reaction to the news. A breakdown here might lead to short setups targeting lower ranges or retests of prior consolidation areas.
The broader backdrop—Ripple’s legal settlement—adds weight to any technical breakout. With fewer regulatory headwinds and growing clarity around XRP’s non-security status for secondary sales, institutional and retail confidence may continue to build.
Conclusion: A Turning Point for XRP
With Ripple closing its legal chapter and XRP holding strong at support, the token is at a technical and narrative inflection point. While Friday’s price jump was modest, it could represent the beginning of a larger trend reversal—provided key resistance levels are breached in the days ahead.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
