XRP is currently showing a weekly bull flag pattern, a technical consolidation phase that often precedes a significant upward price movement.
This formation suggests strong underlying bullish momentum, and a breakout from this pattern could propel XRP to new yearly highs.
Earlier in the year, in March 2025, the SEC dropped its appeal in the Ripple Labs lawsuit.
Later in the year, in June 2025, decisions regarding an XRP ETF to be announced