XRP Price Rallies After Ripple Lawsuit Conclusion

XRP price rallied on Wednesday after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) will drop its appeal in the lawsuit against the firm. XRP posted a double-digit rally following the announcement after Garlinghouse’s tweet on X.

The legal battle between the U.S. financial regulator and Ripple stretched on for several years before drawing to an end. The outcome was anticipated by crypto traders, as the SEC has rapidly dropped its legal actions against crypto exchanges and firms since U.S. President Donald Trump’s return to office in January 2025.

In this deep dive, we evaluate whether XRP is the best buy during the recent dip and what to expect from XRPLedger’s native token next week.

Table of Contents

• XRP rallied in double-digits, should you buy the dip now?
• Ripple lawsuit ends, CEO makes shocking announcement on X
• XRP weekly price forecast
• XRP derivatives and on-chain analysis
• What to expect from XRP

XRP rallied in double-digits, should you buy the dip now?

XRP rallied as traders responded to the groundbreaking news of the SEC dropping its lawsuit appeal against Ripple. The legal battle had negatively impacted XRP’s price and adoption for several years, especially after the SEC filed its lawsuit in 2020, which led to top crypto exchanges delisting the token.

Traders reacted positively to the end of this multi-year battle, although XRP wiped out some of its gains from Wednesday by the time of writing, trading at $2.4013, down nearly 6%. The daily price chart shows indicators suggesting potential gains, with the support level established at a Wednesday low of $2.2653. A close below this level could indicate a trend reversal.

Ripple lawsuit ends, CEO makes shocking announcement on X

CEO Brad Garlinghouse’s announcement about the lawsuit’s termination was anticipated by seasoned traders but surprising for newcomers. He mentioned that while the SEC’s battle against Ripple was prolonged, they have recently dropped multiple crypto-related investigations, culminating in the end of the Ripple case.

Despite Garlinghouse’s confidence, he noted that the SEC has yet to vote and confirm the decision to withdraw the appeal. This uncertainty may explain some of the XRP price decline. A formal announcement could assuage trader fears and facilitate further gains.

XRP weekly price forecast

The XRP/USDT daily chart indicates signs of further gains for the altcoin, targeting $2.59 next week, which is a modest 7% increase from its current price. Momentum indicators like RSI and MACD suggest XRP could resume its climb, although a price drop might see it dip to previous lows at $1.7711.

XRP derivatives and on-chain analysis

According to Coinglass data, the long/short ratio for XRP remains above 1 on many derivatives exchanges, indicating a bullish outlook among traders. Over $20 million in derivatives positions were liquidated recently, primarily in long positions. This suggests profit-taking is currently dominant, and sidelined buyers should approach new positions in XRP cautiously.

What to expect from XRP

With 11 different XRP Exchange-Traded Fund (ETF) filings pending with the SEC, Garlinghouse expressed optimism about an XRP spot ETF approval in the latter half of 2025. This development is seen as a significant catalyst, following the pattern observed after the approval of Bitcoin spot ETFs in 2024, which led to a major crypto market bull run.

Garlinghouse is focused on these anticipated milestones for XRP: inclusion in the U.S. crypto stockpile and the potential ETF approval by the second half of 2025.

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