XRP News Today: XRP Surges 14% as SEC Drops Appeal in Ripple Case

XRP, the cryptocurrency associated with Ripple, is exhibiting signs of renewed strength, according to the latest analysis by EGRAG CRYPTO. The analysis highlights that XRP is currently in what EGRAG terms the “Full Ignition Stage,” a phase that mirrors the bullish structure observed between 2014 and 2017, which preceded a significant upward breakout. Since 2022, XRP has maintained a pattern of higher lows, forming a steadily ascending trendline. This structural setup is indicative of rising bullish pressure, suggesting that XRP may be on the verge of a major breakout.

EGRAG’s analysis points to several key indicators on the current chart, including trendlines and price bands, which suggest that XRP is nearing a breakout. The projected trajectory, highlighted in yellow and red, shows possible targets if the momentum sustains. A green zone marks the upper price target, signaling the expected climax of the move. For XRP to remain on course for the next macro-level breakout, it must continue its higher lows structure.

Despite these bullish indicators, the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to cast a shadow over the cryptocurrency’s future. The case, which began in 2020, has seen significant developments but is not yet officially resolved. The SEC accused Ripple of selling $1.3 billion worth of XRP in unregistered securities transactions. A 2023 court ruling largely favored Ripple, but the SEC later filed an appeal. In March 2025, Ripple CEO Brad Garlinghouse announced that the SEC would drop the appeal, describing it as a “long overdue surrender.” XRP saw a 14% jump on that news, and Ripple confirmed that its penalty was reduced from $125 million to $50 million, with the remainder returned from escrow.

On April 10, both parties filed motions to suspend appeals. However, final approval from SEC commissioners and the district court is still pending. Without this ruling, the case remains open, leaving investors in a state of uncertainty. At the time of writing, XRP is priced at $2.18, down 0.59% over the last 24 hours, as investors await official closure and a clearer regulatory status.