Ripple and the U.S. Securities and Exchange Commission have officially ended their long-running legal battle after both sides jointly dismissed their appeals. This marks the conclusion of a case that began in 2020 and has been closely watched by the entire cryptocurrency industry.
Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the news, saying that following the Commission’s vote, both parties filed directly with the Second Circuit to dismiss their appeals. He added, “The end… and now back to business.”
The market reacted instantly. XRP’s price surged 12% in the past 24 hours, climbing to around 3.34.
XRP Price Analysis
On the weekly chart, XRP still shows a major bearish divergence, which could mean potential weakness in the next one to two months. Analysts warn that this does not mean prices will drop immediately, but traders should remain careful about expecting sustained bullish momentum in the medium term.
In the short term, XRP continues to bounce from the Fibonacci support level near 2.90. Strong buying support is visible between 2.90 and 3.00. If prices fall below 2.90, the next support levels are around 2.75, followed by a stronger zone between 2.55 and 2.62.
On the upside, resistance is expected between 3.35 to 3.40. A break above 3.40 could open the way for a stronger rally.
If the bullish trend continues, the next targets are around $3.47, with possibility to push toward the $3.80–$4.30 range in the coming sessions. However, this will require XRP to hold above important short-term support near $3.13 and ideally $3.38 to maintain the uptrend.
While there may be some resistance around $3.30–$3.40, the overall trend remains positive. Price action has been strong since the weekend lows, showing buyers are firmly in control for now.