XRP has seen a slower trajectory compared to some leading altcoins recently, despite receiving positive legal updates for Ripple Labs. The native token remains in the green, suggesting underlying optimism, especially after Ripple reached a key milestone in its ongoing litigation with the U.S.
XRP has seen a slower trajectory compared to some leading altcoins recently, despite receiving positive legal updates for Ripple Labs. The native token remains in the green, suggesting underlying optimism, especially after Ripple reached a key milestone in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC).
Bitcoin’s bullish breakout above the $100,000 level and eventual push past $104,000 last week triggered a strong rally across the broader cryptocurrency market. Tokens like DOGE, SOL, and HYPE posted significant gains, echoing Ethereum’s remarkable 31% weekly increase. In comparison, XRP moved upward by a modest 9% during the same period. Even on a monthly scale, XRP’s 21% gain falls short next to Ethereum’s 54% and Bitcoin’s 28% surges.
However, recent developments in Ripple’s legal battle with the SEC have brightened the outlook for XRP. The regulatory body officially filed a motion signaling its willingness to end the case with a $50 million settlement—far less than the $2 billion it initially sought. This dramatic reduction is broadly considered favorable for Ripple Labs and adds legal clarity for XRP’s future.
In addition to the potential resolution, XRP recently managed to break through a significant resistance level at $2.26, closing above this point on daily charts. This break signals a possible bullish trend, with technical analysts setting a near-term target at $2.60. One prominent analyst pointed to a SuperTrend Indicator confirmation, which issued a fresh buy signal for the asset, indicating the potential for sustained upward momentum.
Market analyst Ali Martinez, who has a considerable following, highlighted this indicator’s bullish signal in a recent social media update. This tool is often used by traders to help identify entry points during strong trends, and in this case, it suggests positive movement for XRP in the short term.
Further confidence in XRP’s trajectory stems from insights by Chad Steingraber, who notes striking similarities between the current market setup and conditions from earlier in the year. Back in January, Open Interest in XRP surged to nearly $5 billion, and the token’s value spiked from $2.30 to around $3.40 in one week. As of now, Open Interest is approaching $4.6 billion, reflecting renewed institutional and retail interest in XRP derivatives and hinting at a potential repeat performance.
On the technical side, observers are also pointing to a pattern breakout from a double bottom formation. This classic bullish chart setup indicates that XRP might be entering a new uptrend. Analyst BitGuru remarked that XRP is now forming higher highs and moving along a strong upward path. As long as the token maintains a support level above $2.23—which it currently exceeds—it could continue climbing further.
Related: Expert Advice: Sell XRP If You’re Confused
In summary, while XRP has yet to match the explosive gains seen across other top-performing cryptocurrencies, several indicators now point toward a potential shift. The optimistic legal outcomes for Ripple Labs, rising Open Interest, and favorable technical signals all line up to support a bullish narrative. If these factors align over the coming days and weeks, XRP could finally close the performance gap and potentially lead the market in upcoming rallies.
Quick Summary
XRP has seen a slower trajectory compared to some leading altcoins recently, despite receiving positive legal updates for Ripple Labs. The native token remains in the green, suggesting underlying optimism, especially after Ripple reached a key milestone in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC).
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
