The Ripple vs. SEC lawsuit remains the central theme for XRP. The coming weeks in April will be crucial, with the potential for a settlement or a final court decision. While technical analysis suggests a possible price rebound, XRP’s future hinges heavily on the lawsuit’s outcome.

Ripple vs. SEC Lawsuit Nears Conclusion

The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) inches closer to a conclusion. With key dates approaching in April, the case could significantly impact XRP’s future.

• Settlement Talks: March 29th saw Ripple and the SEC engage in settlement discussions, potentially resolving the dispute before a pre-trial conference on April 16th.
• Extended Deadlines: Both parties requested deadline extensions for filing briefs, highlighting the case’s complexity. The SEC seeks a near $2 billion penalty against Ripple.
• Final Decision Timeline: Following the April pre-trial conference, experts predict applications for resolutions will conclude by April 29th. Judge Torres will then issue a final decision.

XRP Price Volatility

Despite the ongoing lawsuit, XRP experienced significant volatility. XRP’s trading volume spiked 80% within 24 hours, reaching over $4 billion. This increase coincided with a broader crypto market downturn. The surge in trading volume came alongside a sharp price drop for XRP, triggering liquidations and forced selling.

At the time of writing ($0.58/XRP), XRP sits near a support zone. Analysts like CrediBULL Crypto believe XRP could outperform Bitcoin (BTC) if BTC holds current support. A potential rally could see XRP reach $0.74. However, a break below this support zone might lead to further price decline.