XRP News Today: XRP Price Poised for Breakout as SEC-Ripple Settlement Looms

The potential settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has sparked significant interest in the cryptocurrency community, particularly regarding the price of XRP. The current market dynamics suggest that XRP is approaching higher valuations, with liquidity levels indicating increasing buying pressure. This trend could set the stage for a powerful rally, but the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards. A crypto analyst, known as ‘CryptoInsightsuk,’ has highlighted that XRP is testing a long-term descending trendline, which has consistently rejected previous upward attempts. The token, trading around $2.28 at the time of the analysis, is struggling to hold above the $2.4 resistance level. The goal is to flip this crucial price point into support, as failure to do so could stall bullish momentum.

Moving forward, XRP’s Relative Strength Index (RSI) is positioned near the neutral 51 mark, indicating a balanced momentum with possible room for further upside. While the normal RSI remains evenhanded, its Stochastic RSI has entered overbought territory, signaling a short-term cooldown or consolidation before another leg up. Despite the recent bounce, where XRP jumped from around $2.05 in January to approximately $2.8, the altcoin’s volume has remained relatively modest.

CryptoInsightsuk identifies $2.4 as the first real hurdle. A daily close above this threshold would signal the early stages of a potential trend reversal. However, the more substantial resistance remains at $2.6. Only a break above this level would fully confirm the bullish trend and potentially open the door to more aggressive upside targets. Until then, the pressure remains on bulls to sustain the altcoin’s momentum at this pivotal stage and push its price toward new breakout levels.

Liquidity levels currently forming around the altcoin represent areas of strong market interest and typically serve as both resistance and potential magnets for price action. Despite XRP’s bullish structure, the analyst remains cautious, as strong liquidity nearby suggests that the area could become a trap if the price fails to break above it. The analyst emphasizes the importance of liquidity levels in market behavior and future price movements, noting that when liquidity is as dense and pronounced as it is now, it becomes a key factor in determining the altcoin’s trajectory.

The potential settlement between the SEC and Ripple Labs has also fueled speculation about XRP’s long-term price targets. Analysts project a bold $27 long-term target for XRP, with some predicting a breakout toward this level backed by bullish patterns and market cycles. The pseudonymous analyst EGRAG suggests that XRP could reach $25, given certain conditions are met. Additionally, historical trends indicate that XRP could surge up to 1,200%, potentially reaching $27 if these trends hold. A 600% rise could push XRP to $13, while a 300% gain targets $6.70.

The market is closely watching the developments in the SEC-Ripple case, as a favorable resolution could significantly impact XRP’s price trajectory. The potential settlement has also sparked speculation about the approval of an XRP ETF, which could further boost the altcoin’s price. With June 17 looming and markets on edge, the outcome of the SEC-Ripple case could determine whether XRP is about to skyrocket or face a potential crash. The cryptocurrency community is eagerly awaiting the resolution, as it could set the stage for a major price breakout for XRP.

Ripple and the SEC are trying to bring an end to the long-awaited legal stalemate, distributing $125 million in the process. Fifty million will be given to the SEC as per the plan, with Ripple reclaiming the rest. If this resolution sees the light of day, some common grounds will be lifted, theoretically uplifting market sentiment, and making the area viable for fresh purchases. Institutional players typically prefer some form of regulatory clarity and after so many years, finally getting it would surely channel major inflows into XRP.

EGRAG CRYPTO believes XRP dominance could tumble to 27% of the total $5.5 trillion-set crypto market cap, equating to a $1.485-trillion market value-and justifying a $27 price target. Historically, the 0.5 Fib level has formed preferential resistance levels in 2019, 2020, and early 2025. XRP has tested this resistance four times-will the fifth try spark the infamous Bull Flag?

On a daily time-frame chart, price basically carved out a symmetrical triangle, which is a consolidation, often serving as a setup for a strong breakout. Presently located near a major demand zone of $2.05 (triangle support), ripple stands at a very critical juncture. Should it bounce decisively, it would set up price for a break above the descending trendline. Meanwhile, failure below $2.05 would invalidate the bullish setup and open the door for further downside.

Key levels to watch include support at $2.05, which holds as the make-or-break demand zone. The first resistance at $2.59 confirms the triangle breakout. The supply zone at $2.95 targets the peak of the current consolidation. The psychological barrier at $3.00 strengthens bullish conviction. The dominance 27% Fib Level bolsters the $27 price scenario. Technical indicators suggest room for bullish momentum before overbought conditions, with a minor bearish pressure looming but a bullish crossover could accelerate gains.

With legal clarity on the horizon and technical patterns aligning, the altcoin looks poised for a breakout. A successful triangle breakout and dominance surge to 27% could validate a bold $27 target. However, traders should keep an eye on $2.05; its breach will cancel the bullish scenario.