After the drop triggered by tariffs, XRP climbs 32% to $1.6142 and above $2.1000 on Tuesday.

The SEC may drop the lawsuit against Ripple when Paul Atkins becomes the head of the agency.

All eyes are on the new president Paul Atkins as numerous XRP ETF applications approach deadlines.

A reduction in open interest on derivatives implies that traders are cautious in an uncertain macroeconomic climate.

Ripple (XRP) was traded at $2.1505 on Tuesday, showing optimism. Since the middle of last week, investor risk appetite has increased, preparing XRP for a sustained rise triggered by the rapid 90-day tariff suspension by U.S. President Donald Trump.

XRP bulls remain firm despite rumors of the SEC vote.

XRP fans are eagerly awaiting the SEC's decision to drop the Ripple lawsuit. Ripple CEO Brad Garlinghouse recently announced that the company had reached an agreement with agency workers. He noted that policy requires staff to provide their opinions to the commission, which will vote.

On April 9, the Senate approved President Trump's nominee for SEC chairman, Paul Atkins, which could allow for cryptocurrency-friendly regulations in the United States.

On Thursday, the SEC and Ripple requested to suspend an appeal of the lawsuit. Ripple is unlikely to submit an appeal brief this Wednesday.

Crypto experts and lawyers have stated that the SEC may postpone the vote to reject the case until Atkins becomes SEC chairman. Eleanor Terrett, host of CryptoAmerica, mentioned that the new chairman could be sworn in within a few days.

XRP must break through the confluence barrier of the 50-day and 200-day EMAs around $2.2390. This could spark investor interest in the token, breaking resistance around $2.5000 and pushing XRP towards the psychological barrier at $3.00.

With open interest on derivatives down 6.45% to $3.1 billion in 24 hours, Coinglass data is concerning despite the robust spot market. A negative long/short ratio of 0.9681 indicates short-term bearish sentiment. This could explain why long position liquidations were $2.65 million and short position liquidations were $1.29 million.

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