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XRP price continues to capture market attention as the token’s price momentum aligns with a major regulatory breakthrough and speculation over an imminent exchange-traded fund (ETF) filing.
Ripple confirmed it will no longer pursue its cross-appeal against the U.S. Securities and Exchange Commission (SEC), ending the firm’s years-long legal standoff with the agency.
The SEC will retain $50 million from the $125 million fine originally imposed in Aug. 2024. The remaining $75 million will be returned to Ripple.
Ripple’s Chief Legal Officer Stuart Alderoty called it the “last update” on the matter, stating that the SEC will ask the court to lift the injunction that had barred Ripple from selling XRP to institutions without registration.
BlackRock, Fidelity Seen as Likely XRP ETF Players
Nate Geraci, president of ETF Store, suggested on X that the legal clarity opens the door for major institutional players to move in. He posed,
“Ripple lawsuit coming to end… Seems obvious spot XRP ETF approval simply matter of time IMO…And yes, I expect BlackRock, Fidelity, etc to all be involved.”
Market speculation over XRP ETF filings has gained traction following a wave of institutional interest in spot Bitcoin and Ethereum ETFs.
XRP currently ranks as the third-largest non-stablecoin crypto by market cap, standing at $142.87 billion.
The MiCA-compliant whitepaper submission by LCX has also strengthened XRP’s profile in Europe.
According to BankXRP on X, XRP has received “admission to trading” on the LCX Exchange and now appears on the European Securities and Markets Authority (ESMA) register.
XRP Price Targets Align as Technicals Flash Bullish
At press time, XRP traded at $2.47, up 1.08% in the past 24 hours, per CoinMarketCap.
Analysts observed a bullish structure forming, citing recent price action as a liquidity sweep.
Crypto Patel highlighted the $2.2220 level as a bullish order block and called it a potential entry point. If XRP breaks resistance near $2.60, he points to targets at $2.9990 and $3.40.
Bollinger Bands on the daily chart have tightened, often a sign of imminent volatility. The last time XRP broke out from such a setup, the price surged 570%.
A broader bullish tone has returned to crypto markets following Bitcoin’s latest breakout.
Historically, such rallies trigger capital rotation into altcoins, with XRP often one of the early beneficiaries.
Legal Clarity Fuels Institutional Momentum
Ripple’s decision to settle marks a critical moment in the regulatory landscape. The SEC has dropped several crypto-related enforcement actions in recent months following Gary Gensler’s resignation.
Judge Analisa Torres had previously ruled in 2023 that XRP’s programmatic sales did not constitute securities offerings, though institutional sales did.
The new settlement brings that chapter to a close. Market participants now turn to potential macro catalysts, including ETF filings, stablecoin adoption, and broader blockchain use cases.
XRP’s recent addition to the U.S. Digital Asset Reserve further signals growing institutional recognition.
With legal overhang removed and price action gaining momentum, XRP bulls now look for a confirmed breakout beyond $3.40.
