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XRP Price Forecast: Ripple Reaches Settlement with SEC – Is $2 Is New Minimum Price XRP Ripple to Settle with U.S. Securities and Exchange Commission (SEC) After Both Parties Agree to Pause Appeal
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly agreed to halt their long-running legal appeal, marking a critical juncture in the nearly four-year standoff.
According to recently disclosed court documents dated April 16 shared by defense attorney James K. Phelan, circuit judge José A. Cabranes agreed to the motion to temporarily suspend the appeal process.
The SEC is now obliged to provide a status update within 60 days, which in practice means temporarily stopping the drama in the courtroom.
The temporary suspension comes on the heels of Ripple's decision to pay a $50 million settlement, signaling a decisive move toward regulatory closure. With that legal burden likely to fade, Ripple is poised to attract renewed institutional interest and wider integration into Ripple's growing payments infrastructure.
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XRP Price Forecast: Looking to Recover Towards $2.25
XRP price expectations tend to rise moderately, with this digital asset hovering around $2.08, with technical indications that it may be breached. The Donchian Channel indicates a compression between the support level at $1.61 and the resistance level at $2.25, indicating a consolidation phase that often precedes directional moves.
It is worth noting that the Ripple price recently closed above the midline of the Donchian Channel, indicating growing interest from buyers.