XRP has surged 4.67% in the past 24 hours, reaching a pivotal moment in both price action and regulatory clarity. Trading at $2.19, the digital asset is approaching a critical resistance zone near $2.27–$2.29, marking a potential climax in its current Elliott Wave cycle. This momentum comes amid major legal developments between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), signaling a turning point for one of the longest-running crypto regulatory battles.
Elliott Wave Analysis: Is XRP Completing a Bullish Cycle?
Technical analysts are closely watching XRP’s movement on the 1-hour Bitstamp chart, where it appears to be finalizing the fifth and final wave of a bullish Elliott Wave pattern. According to market analyst Morecryptoonl, the structure of waves (1) through (4) remains intact, supporting the validity of the ongoing wave (5).
The recent rebound from the $2.04 support level—coinciding with the 50% Fibonacci retracement of wave “C”—has fueled upward momentum. If the current bullish structure holds, XRP could extend gains toward the 223.60%–238.20% Fibonacci extension zone, targeting $2.27 to $2.29.
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A breakout above $2.29 would confirm a successful completion of the full five-wave sequence, potentially opening the door for further upside in a new impulse phase. However, failure to sustain momentum above $2.18 could undermine the wave integrity, increasing the risk of a corrective pullback.
Should prices retreat, the $2.04 level now serves as strong support—previously a resistance-turned-support following the rebound. Traders are advised to monitor volume and momentum indicators closely, as weakening buying pressure near resistance may signal exhaustion.
Regulatory Clarity: Ripple Drops Cross-Appeal in Landmark SEC Case
Beyond technicals, fundamental sentiment around XRP has strengthened dramatically following Ripple’s decision to drop its cross-appeal in the SEC lawsuit. On June 27, 2025, CEO Brad Garlinghouse confirmed that Ripple will no longer pursue an appeal related to institutional sales of XRP, effectively closing a chapter in the years-long legal dispute.
This move follows Judge Analisa Torres’ denial of a joint motion requesting an indicative ruling from the appellate court. With Ripple dropping its cross-appeal and the SEC expected to withdraw its own appeal, the original July 2023 ruling will stand without further challenge.
The landmark decision reaffirmed that XRP is not a security when sold on public exchanges or distributed via airdrops and rewards programs. However, institutional sales conducted by Ripple were deemed to have violated securities laws—a distinction that shaped the outcome.
As part of the resolution:
- Ripple agreed to pay a $125 million penalty.
- A permanent injunction bars future unregistered institutional sales in the United States.
Stuart Alderoty, Ripple’s Chief Legal Officer, emphasized that the company chose to accept the court’s decision to bring finality and focus on innovation rather than prolonged litigation.
What This Means for XRP’s Future and Market Confidence
The dual catalysts of technical strength and regulatory resolution have reignited investor confidence in XRP. For years, uncertainty surrounding the SEC case weighed heavily on adoption and exchange listings in the U.S. Now, with clarity established, financial institutions and trading platforms are reassessing their positions on XRP.
Importantly, the ruling sets a precedent for how digital assets may be classified—not as blanket securities, but based on the nature of the transaction and distribution model. This nuanced approach aligns more closely with functional utility tokens like XRP, which serve primarily as mediums of exchange within Ripple’s global payment network.
Ripple is now shifting full attention to expanding its cross-border payment infrastructure using blockchain technology. With partnerships across Africa, Asia, and Latin America already driving real-world use cases for fast, low-cost remittances, the company is well-positioned for growth beyond U.S. regulatory constraints.
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Frequently Asked Questions (FAQ)
What does Ripple dropping its cross-appeal mean for XRP?
It means Ripple is accepting the court’s ruling and closing its legal challenge against the SEC. This brings finality to the case and removes long-standing uncertainty about XRP’s regulatory status in the U.S., boosting investor confidence.
Is XRP considered a security after the court ruling?
No—Judge Torres ruled that XRP is not a security when traded publicly or distributed through giveaways and rewards. Only certain institutional sales by Ripple violated securities laws.
What is the significance of the $2.27–$2.29 resistance zone?
That range represents the 223.60%–238.20% Fibonacci extension level of the current Elliott Wave pattern. A breakout above this zone could confirm bullish continuation and attract additional buying pressure.
How did XRP react to the news?
XRP surged 4.67% within 24 hours following the announcement, climbing from $2.10 to $2.19. Increased trading volume accompanied the move, indicating strong market participation.
What are Ripple’s next steps after resolving the SEC case?
Ripple will focus on scaling its cross-border payment solutions using blockchain technology, expanding partnerships globally, and enhancing liquidity for XRP through enterprise adoption.
Could XRP reach $3 or higher in 2025?
While nothing is guaranteed, improved fundamentals and technical momentum make higher targets plausible if bullish conditions persist. A sustained break above $2.30 could open pathways toward $2.50–$3.00 in subsequent phases.
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Final Outlook: A New Chapter for XRP
With technical indicators pointing to a potential bullish breakout and regulatory overhang lifted, XRP stands at a strategic inflection point. The convergence of favorable market structure and legal clarity creates fertile ground for renewed institutional interest and broader adoption.
While short-term volatility should be expected—especially near key resistance levels—the long-term outlook appears increasingly constructive. As Ripple advances its mission of redefining global payments, XRP’s role as a bridge currency in decentralized finance ecosystems becomes more defined.
For traders and investors alike, staying informed on both technical patterns and regulatory developments remains crucial. With momentum building and uncertainty fading, XRP may be entering one of its most promising phases yet.