XRP Surges Past Key Resistance Amid SEC Settlement Talks

XRP has recently gained momentum, breaking above a critical resistance threshold as Ripple’s legal battle with the US Securities and Exchange Commission (SEC) inches closer to a final resolution. This bullish movement has drawn attention from traders and analysts who now look toward elevated price targets.

XRP Breaks Critical $2.26 Barrier

In the past few weeks, XRP had been trading within a defined range, fluctuating between the foundational support at $2.00 and formidable resistance at $2.26. Although traders attempted a push above this resistance in late April, it proved unsuccessful, as the resistance level held strong.

However, the landscape began to shift in early May. After narrowly avoiding a bearish breakdown on May 6, XRP started a gradual but steady climb. This culminated in a notable upswing to approximately $2.33 — marking an 11-day high — before encountering moderate selling pressure that moderated its value back to around $2.30.

Despite this minor recoil, XRP has maintained a daily gain of approximately 5%, most importantly signaling a breakout above the $2.26 resistance level. Crypto analyst Ali Martinez suggested that if XRP can sustain a close above this point on the daily chart, it opens the door to potential momentum targeting $2.60 in the near term. While XRP hasn’t closed above this threshold just yet, the bullish sentiment continues to grow across the community, sparking discussions about further upward potential in the coming weeks and months. Investors have shown increased confidence, echoing sentiments that the current trading levels might represent a rare opportunity.

Regulatory Momentum: SEC Seeks to Finalize Settlement

Part of the reason behind XRP’s recent momentum could be tied to broader market gains, as the digital asset space has seen substantial capital inflows, reportedly growing by over $300 billion in the last few days. Yet, market-wide enthusiasm isn’t the only catalyst.

A pivotal development in the prolonged legal saga involving Ripple and the SEC also emerged recently. After an intense four-year legal confrontation, the SEC has submitted a formal request for court approval to reach a settlement with Ripple Labs. The proposed settlement figure sits at $50 million — significantly lower than both the earlier court-recommended $125 million and the original $2 billion in penalties the agency had aggressively pursued at the start of the case.

This motion aligns with prior assertions made by Ripple’s leadership, who have indicated repeatedly that the legal conflict was essentially over. If approved by the court, this agreement would solidify Ripple’s standing in the U.S. regulatory framework and likely remove a major cloud hanging over the XRP ecosystem.

The legal clarity provides much-needed relief to XRP supporters and investors, reinforcing the belief that Ripple can now focus fully on scaling its blockchain-based payment technologies without looming uncertainty.

Related: Expert Advice: Sell XRP If You’re Confused

XRP’s recent market behavior reflects a confluence of technical strength and regulatory optimism. A sustained break above $2.26 could herald the beginning of a new bullish wave, especially if coupled with positive developments on the legal front. Traders are watching closely to see if this upward momentum will hold, with analyst expectations potentially placing XRP’s next target near the $2.60 mark. With improving sentiment and reduced regulatory pressure, the path forward for XRP appears increasingly constructive.