XRP Price Prediction: XRP Surges as $50M SEC Settlement Clears Path for ETF Hopes
XRP rallies after Ripple settles SEC case for $50M. Legal clarity boosts ETF speculation and institutional interest in XRP.
Quick overview
XRP is holding steady near $2.18 after Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission officially ended. Ripple (XRP) agreed to a $50 million settlement, which is quite lower than the initially anticipated $125 million. This closes the case and lifts the ban on institutional sales of XRP, injecting new life into market sentiment and investor confidence.
Brad Garlinghouse, Ripple’s CEO, called it a turning point: “We’re closing this chapter once and for all.”
With the lawsuit resolved and both parties dropping appeals, Ripple now has a clearer legal framework to re-engage institutional partners. This development not only supports XRP but also enhancing regulatory clarity across the broader crypto market.
- $50M settlement finalized, far below projections
- Institutional sales restriction lifted
- Investor sentiment turning bullish
XRP ETF Buzz Grows Amid Regulatory Clarity
The resolution of Ripple’s legal uncertainty has triggered new optimism around the possibility of an XRP spot ETF. According to AIXBT, an AI-powered forecasting tool, July could be pivotal, with a predicted 5% price lift due to mounting ETF anticipation.
Nate Geraci of The ETF Store suggests that the cleared legal path makes XRP more appealing to issuers like BlackRock. Bloomberg analyst James Seyffart believes an XRP ETF could attract $85 million in assets during its first week, given XRP’s robust market capitalization, which is about 7.5% of Bitcoin’s.
For context, Bitcoin ETFs generated $14 billion in early trading volume and over $1 billion in inflows—setting a benchmark that XRP could partially mirror if an ETF is launched.
Technical Outlook: XRP at a Critical Juncture
Technically, XRP/USD is trading just above an upward trendline support establishedablished since June 23. At the moment, XRP is intersecting with the 50-period EMA at $2.17. The pattern suggests tightening price action within a wedge, often a precursor to breakout volatility.
The chart shows:
- Higher lows since $2.08 suggest bullish undercurrents
- Resistance at $2.23 has capped price for several days
- MACD shows mild bearish divergence, indicating waning momentum
XRP Trade Setup:
- Bullish bias: Buy near $2.17 support
- Targets: $2.23 and $2.27
- Stop: $2.08
- Bearish bias: Sell below $2.17 on volume
- Targets: $2.12 and $2.08
- Stop: $2.23
With legal hurdles cleared and ETF momentum building, XRP remains a watchlist priority for institutional and retail investors alike.
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