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XRP Price Outlook: Legal Moves and ETF Progress in Focus
Near-term price trends hinge on Ripple case-related developments and spot ETF-related news.
Crucially, if the SEC withdraws its appeal, XRP could aim to revisit its all-time high of $3.5505, with ETF approval potentially fueling a rally toward $5. Conversely, if the court rejects a potential second settlement request, it could drop to $1.50.
XRP Price Action
Daily Chart
After this week’s pullback, XRP trades below the 50-day Exponential Moving Average (EMA) while holding above the 200-day EMA, signaling bearish near-term sentiment.
A breakout above the 50-day EMA could signal a move toward the May 12 high of $2.6553. A sustained move through $2.6553 could pave the way to $3 and the 2025 high of $3.3999.
On the downside, a break below the 200-day EMA could expose the $1.9299 support level.
The 14-day Relative Strength Index (RSI) sits at 39.97, suggesting XRP could drop to $2 before entering oversold territory (RSI< 30).
