XRP Price Prediction: Breakout Eyes $3.50 as Court Win Fuels Technical Momentum
The long awaited battle between Ripple Labs and the US SEC has finally ended with both parties dismissing their appeals...
Quick overview
- The Ripple Labs and US SEC battle has concluded, with XRP being classified as a non-security in secondary market trading.
- Ripple must pay a $125 million fine for institutional sales, but XRP can now trade freely on digital asset platforms.
- XRP is currently trading at $3.04, showing signs of accumulation and potential for a bullish breakout.
- Key technical indicators suggest that a sustained move above $3.15 could lead to significant upward momentum for XRP.
The long awaited battle between Ripple Labs and the US SEC has finally ended with both parties dismissing their appeals. The decision means XRP is a non-security in secondary market trading and brings much needed clarity to exchanges and retail investors. Ripple still has to pay $125m fine for institutional sales but the bigger picture is clear: XRP can trade freely on digital asset platforms without regulatory risk.
This has boosted confidence across the crypto markets. Exchanges have legal certainty, institutions have a clearer compliance framework and traders have one less overhang on sentiment. Against this backdrop XRP’s charts are signaling another bullish breakout.
XRP/USD Technicals Show Accumulation
XRP is trading at $3.04 after weeks of volatility between $2.74 and $3.25. On the 4 hour chart it’s pressing against a descending trendline but repeated higher lows at $2.97 suggest accumulation rather than exhaustion.
Key technicals support this view:
- EMA Convergence: 50-EMA and 100-EMA are stacked at $3.01, an inflection zone. Above this and short and medium term momentum aligns.
- RSI 54: Neutral, room for upside before overbought.
- MACD Flatlining: Near the zero line, often a precursor to a big move.
- Candle Rejections: Long lower wicks at $2.85-$2.97 show demand stepping in on dips.
All this suggests XRP is coiling for a breakout.
XRP/USD Breakout Path and Trade Setup
For traders the path is simple. Above $3.15 and the trendline is broken, $3.25 and $3.38 are next. A sustained move above these levels could take XRP to $3.50, a psychological level that will attract both retail and institutional attention.
Below $2.97 is support. Losing this zone and we could see $2.85, a deeper slide to $2.74 if sellers regain control.
For new traders think of this as a coiled spring: the longer price consolidates under resistance while making higher lows the stronger the eventual breakout will be. Then we’re off.
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