XRP Drops 0.81% But Legal Wins Spark 86% ETF Approval Hopes

XRP, the cryptocurrency associated with Ripple, is currently trading at $2.43, reflecting a minor decline of 0.81% from the previous close. Despite this slight pullback, XRP has maintained strong support levels and is approaching key resistance zones. The cryptocurrency has shown resilience, with momentum building for a potential breakout that could push it toward a new all-time high (ATH) in the coming months.

Over the past month, XRP has experienced a 4.99% decline, fluctuating between $2.36 and $2.58. This period of consolidation suggests a buildup before a significant price movement. Key resistance at $2.70 is a critical level to watch—breaking above it could drive XRP toward $3.50 and beyond. Meanwhile, $2.36 remains a critical support level, preventing further downside.

On the daily chart, XRP is testing its 50-day moving average as support, signaling potential strength. However, the 200-day moving average still looms above, acting as a barrier. If XRP can clear the $2.50–$2.55 resistance zone, it may trigger a rally. A decisive move past $2.70 could open the door to $3.00, a key psychological level. Surpassing this could ignite a surge toward $5.00, marking a potential new ATH.

Short-term analysis shows XRP forming a bullish flag pattern, a strong indicator of a breakout. Support remains firm at $2.36, and rising buying pressure suggests XRP may soon challenge $2.70. If bulls take control, a sharp upward move is likely.

With growing adoption, increasing institutional interest, and strong market fundamentals, XRP is well-positioned for a breakout. If momentum sustains, XRP could surpass $3.00 in the coming weeks, with an extended rally targeting $5.00–$7.50. Traders should monitor volume spikes and resistance breakouts, as they could signal the start of XRP’s next major move. If bulls remain in control, a new all-time high may be closer than expected.

The recent legal developments surrounding Ripple's ongoing case with the Securities and Exchange Commission (SEC) have sparked optimism among market participants. The likelihood of an XRP-spot ETF approval by December 2025 has surged to 86%, up from 57% earlier this year. This increase in probability reflects growing confidence in the regulatory clarity that could pave the way for XRP's broader adoption and integration into mainstream financial systems.

The legal battle between Ripple and the SEC has been a pivotal factor influencing XRP's price trajectory. Until the resolution of this case, many analysts believe that XRP may struggle to sustain a lasting breakout above $3. However, the recent announcement by Ripple CEO Brad Garlinghouse that the SEC would drop its appeal in the four-year lawsuit has ignited a double-digit rally in XRP's price. This development has further fueled speculation that XRP could be on the cusp of a major breakout, potentially reaching new highs.

Analysts are closely monitoring key levels that could shape XRP's next move. The growth forecast for XRP remains a major talking point, with some analysts predicting that the cryptocurrency could hit $3.40 and beyond. The price action over the past eight days has been mixed, with XRP exhibiting fluctuations that have kept investors on their toes. However, the overall sentiment remains bullish, as the cryptocurrency continues to attract attention from risk-tolerant investors seeking opportunities in the volatile market.

The potential for XRP to hit $10 by 2030 has also been a subject of discussion among analysts. While this prediction is based on long-term growth forecasts, it underscores the optimism surrounding XRP's future prospects. The resolution of the legal battle with the SEC could provide the necessary regulatory clarity for XRP to gain wider acceptance and integration into the global financial ecosystem. This, in turn, could drive demand for the cryptocurrency and propel its price to new heights.