XRP Faces Turmoil: SEC Lawsuit Hits New Setback, But Bullish Signs Remain
Ripple Labs and the US Securities and Exchange Commission (SEC) have hit another snag in their efforts to end a four-year-long legal battle. Despite recent signs of a settlement and goodwill from both sides, a recent court ruling has extended the process, raising fresh doubts in the crypto community.
Legal Hurdles Shake XRP's Bullish Momentum
After insiders confirmed that the SEC agreed to fine Ripple $50 million in a potential settlement, XRP's price surged to $2.62, its highest level since March. Many investors believe this signals the start of a new bull run.
However, Judge Analisa Torres rejected both parties’ requests for a directive order – which could have ended the case amicably. The reason cited was a lack of procedural suitability, meaning Ripple has yet to fully escape the shadow of the unregistered securities sale allegations from 2020.
Technical Indicators Still Support Bullish Momentum
Despite the legal challenges, technical signals still show steady buying pressure and potential for a recovery. The Chaikin Money Flow (CMF) index has been in positive territory since May 8, indicating that selling pressure is no longer too strong. Meanwhile, the StochRSI indicator has fallen into oversold territory (13-16 points) – which is often a sign of a bullish reversal.
If XRP can close above the $2.50 resistance level, the next target of $2.65 will be within reach, opening the door to a new high this month. Recent trading volumes have also remained high above $5 billion – a factor that has reinforced a more solid bullish momentum.
Trump Names XRP – Official Recognition?
Another notable development was former President Donald Trump’s surprise mention of XRP as part of the “national strategic cryptocurrency reserve,” skipping Bitcoin in his speech. While it’s unclear whether this was an official intention or just campaign rhetoric, it has added to XRP’s appeal to institutional investors.
Current Situation: Opportunities Remain, But Patience Must Be Required
While Ripple has won several legal victories since the lawsuit began, the lengthy proceedings remain a major obstacle. The SEC and Ripple have both agreed on many terms, but the procedural hurdles have slowed the process down – which has led to a more cautious market response.
The Downside
The complex legal process continues to delay much-needed market clarity.
XRP has yet to surpass its all-time high of $3.40 despite positive news.
The threat of lawsuits against trading platforms remains.
Why This Matters
XRP is not only a popular digital asset, but also represents a historic legal battle between cryptocurrencies and US regulators. How this case is resolved will set a legal precedent for hundreds of other blockchain projects. While we wait for the final outcome, XRP continues to demonstrate resilience in both value and community trust.