In a significant development for Ripple XRP news, the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly requested a pause in their legal proceedings.
The motion, filed with the U.S. Court of Appeals for the Second Circuit, seeks to place the appeal in abeyance until August 15, as both parties await a decision on a new motion in the U.S. District Court for the Southern District of New York.
XRP Derivatives Market Signals Optimism Amid Legal Pause
This new filing aims to dissolve the 2024 injunction against Ripple and return $125 million in escrow funds—of which $50 million would go to the SEC as a civil penalty, while the remainder would be transferred back to Ripple. The strategic pause, agreed upon by both Ripple and the SEC, may mark a turning point in the long-running XRP lawsuit, which has been closely watched across the crypto market.
Ripple and the SEC have requested the appeals remain on hold, with a status update due by August 15, 2025. Source: James K. Filan via X
Despite the ongoing legal uncertainty, optimism remains strong in the XRP derivatives market. According to CoinGlass, XRP Open Interest surged past $4 billion, with funding rates climbing to 0.0096%. These metrics suggest an uptick in leveraged bullish positions, signaling growing investor confidence in XRP’s near-term outlook.
XRP Price Eyes Technical Breakout as Resistance Levels Tighten
XRP’s price action reflects a market on the verge of a major move. The token recently bounced from the 200-day EMA around $2.09 and has shown signs of bullish momentum. Monday’s 3.35% recovery brought XRP to the critical levels of its 50-day and 100-day EMAs, currently facing resistance around $2.24.
XRP is consolidating above key support at $2.2138, with a tightening range signaling a potential bullish breakout. Source: FrankFx14 on TradingView
At the time of writing, XRP trades slightly below those resistance zones, and a breakout above them could fuel a move toward $2.33—XRP’s recent weekly high. Analysts warn, however, that the visible long wick on recent daily candles reflects potential exhaustion or selling pressure at higher levels.
“The Moving Average Convergence Divergence (MACD) indicator has flashed a buy signal,” one analyst noted, referencing the positive crossover and growing green histogram bars. The Relative Strength Index (RSI) remains neutral around 49, suggesting traders are waiting for confirmation before committing to further upside or downside bets.
Should XRP fail to break above its moving averages, downside risk looms with the next support levels at the 200-day EMA near $2.09 and potentially $1.79, a key three-month low.
Analysts See 530% Upside if XRP Breaks Bull Pennant
While short-term volatility dominates headlines, long-term projections for the XRP price remain highly bullish. Notably, several technical analysts have pointed to a repeating historical setup from 2017 that could lead to a breakout as high as $14—a potential 530% increase from current levels.
XRP’s current structure resembles its 2017 pre-rally setup, hinting at a potential major bullish breakout. Source: Milkybull Crypto via X
Crypto analyst Mikybull Crypto shared on X (formerly Twitter), “I’ve seen this movie before. 2017 rally vibes coming up.” He clarified that XRP’s chart for the past week is finishing a textbook bull pennant—a continuation pattern for the bull that in most instances, leads to strong upside movements following a breakout above resistance.
Bull pennants usually point to a resumption of a prior uptrend, and if XRP breaks out above the triangle resistance, it could duplicate the 2017 run that sent XRP to record highs.
Other professionals concur with this opinion, hypothesizing that the reclaiming of the 200-day Simple Moving Average (SMA) at $2.37–$2.65 is the foundation for sustaining the uptrend. The degree of a close above this level would redirect momentum solidly in the bulls’ direction and enable testing of $3.00 and above.
XRP Lawsuit Update: Ripple’s Strategic Play Could Influence Market Trajectory
The filing to request an abeyance in the XRP SEC case appears to be part of a bigger step by Ripple to get the long legal battle back on track. If the court makes the representative ruling and vacates the injunction, Ripple would regain access to massive funds and might establish a precedent for future enforcement action against crypto firms.
XRP was trading at around $2.17, down 6.07% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
For now, at least, Ripple CEO Brad Garlinghouse and his team appear committed to clarity, at least legally and on the market. “Ripple is committed to regulatory clarity and innovation in blockchain finance,” the company stated in earlier communications.
Meanwhile, the XRP market continues to be in resilient spirit, with traders and investors looking at both technical signals and legal turns in order to make their next move.
Outlook: Will XRP Price Break Through $2.60 and Skyrocket?
The short-term XRP bulls’ goal remains straightforward: breach the resistance zone of $2.37 to $2.65. That would affirm bullishly skewed price predictions and maybe instigate the kind of breakout not experienced since XRP’s 2017 parabolic run.
Yet, a failure to break these levels may mean more consolidation—or even reversal—prior to any meaningful rally.
However, with rising Open Interest, positive technical signals, and new legal clarity on the horizon, XRP’s path to recovery may just be getting underway. Whether or not it will blast higher than $3.00—indeed, even reach the $14 forecasted by bullish analysts—is debatable. But for now, XRP bulls are building momentum, and the Ripple market is poised for takeoff.
