XRP Price Prediction: 5% Dip to $2.35—Is $2.57 Still on the Table?
XRP sinks 5% after SEC court motion gets denied. Ripple plans appeal, while traders eye $2.57 breakout amid legal and technical uncertainty.
Quick overview
XRP/USD is at $2.42 after a 5% drop this week, triggered by the judge denying the joint SEC-Ripple motion to modify the final judgment.
The judge said the motion was “improper” and Ripple and the SEC need to follow the rules to change existing conclusions. The news spooked the market and XRP went from $2.47 to $2.35 in hours.
Crypto attorney John Deaton said the judge viewed the motion as undermining previous court decisions and the SEC’s years of work. Though procedural, the ruling hurts the chances of a quick settlement and keeps XRP under pressure short term.
Ripple and SEC Still On The Same Page—Next Steps
Despite the setback, Ripple’s Chief Legal Officer Stuart Alderoty said they are still aligned with the SEC to get to a final resolution. According to Alderoty, the plan is:
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File a motion for limited remand to the Court of Appeals
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Get court approval for reduced penalties (estimated at $50M)
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Jointly dismiss outstanding appeals once terms are finalized
Pro-XRP legal voices, including Bill Morgan, said the process is still alive—just more complicated. The market is absorbing the news in stages and XRP’s price is tied to the headlines.
XRP/USD Technical Analysis: Bulls Need A Breakout
From a chart perspective, XRP/USD is in a descending channel, bouncing at $2.37 support. The 50-EMA ($2.46) is capping the upside and a clean break above $2.45 could be a bullish reversal. Recent candles have long lower wicks, showing buyer interest.
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Resistance levels: $2.45, $2.50, $2.57
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Support levels: $2.37, $2.32, $2.28
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Key signal: Bullish engulfing candle above $2.45
A breakout above the trendline would open up $2.57. But without confirmation, downside risk remains.
For beginners: Think of the channel as a slope—prices are going down but the edge is a bounce zone. Look for proof, not guesses.
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