XRP declined by 2.6% this week, even as optimism over a potential settlement between Ripple and the SEC grows. Currently trading near $2.17 with a 24‑hour volume of $1.77 billion, XRP is up 0.35% today.
Despite hopes for a resolution that might slash penalties and lift regulatory pressure, broader market weakness and profit-taking have kept traders cautious.
Settlement Talks: Promise Meets Pushback
A proposed deal would reduce Ripple’s penalty from $125 million to $50 million while dissolving the injunction. That spurred early excitement. However, Judge Analisa Torres raised doubts, asking both parties to justify why her earlier ruling should be overturned.
According to attorney John Deaton, she demands “exceptional circumstances” before signing off.
While Deaton believes there’s a 70% chance the settlement will gain approval, that uncertainty has kept XRP bulls on edge.
Until the judge delivers a clear verdict, legal ambiguity is acting as a dampener, encouraging profit-taking and keeping traders on the sidelines.
XRP Supported Amid Market Headwinds and Technical Standstill
Despite the legal backdrop, broader crypto indices are weak. Regulatory worries and mixed sentiment have outweighed XRP’s long-term potential. Technically, the token seems to be in a consolidation phase:
- A descending trendline defies rallies at around $2.28–$2.29
- XRP stays under the 50-period EMA near $2.20
- Support is forming between $2.10 and $2.14, suggesting underlying buyer interest
Momentum is gradually turning mixed-to-bullish. The MACD histogram is advancing toward neutral, and recent spinning–top candles highlight indecision rather than decisive downward action.
Notably, XRP hasn’t produced bearish formations like the “Three Black Crows,” which suggests sellers are not firmly in control. This sets the stage for a potential breakout if buyers gain conviction.
XRP Trade Plan
Here’s a short-term XRP price prediction:
- Bullish Trigger: Look for a 4‑hour candle closing above $2.20 and the downward trendline
- Targets: First at $2.285, then extended to $2.338
- Stop-loss: Just below the recent swing low near $2.145
- Bearish Option: A drop below $2.145 could open the door to a $2.086 test
Final Take
XRP’s modest slide this week reflects the tug-of-war between doubt and opportunity. While settlement chatter fuels optimism, technical indicators remain range-bound.
The catalyst could come from a decisive move above the 50‑EMA and $2.20, potentially paving the way for a rally to $2.29–$2.34. Conversely, a breakdown below $2.145 would likely lead to a retest of $2.09.
BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers
With XRP trading near $2.17, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit.
BTC Bull Token links its value directly to Bitcoin through two core mechanisms:
- BTC Airdrops reward holders, with presale participants receiving priority.
- Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.
The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:
The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering:
- No lockups or fees
- Full liquidity
- Stable passive yields, even in volatile markets
This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.
With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.
The post XRP Price Prediction: Down 2.6% This Week – Is a Reversal Brewing for XRP? appeared first on Cryptonews.
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