Ripple (XRP) Awaits Court Decision as SEC Settlement Could Trigger Major Price Move
Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) are currently awaiting a key decision from Judge Analisa Torres regarding a mutual settlement request that could finally bring their long-running legal battle to an end.
The XRP token has dropped by 5% today, trading at $2.48, as the overall crypto market slipped by about 4% in the past 24 hours. Despite this short-term dip, XRP remains up 12.5% over the past week and 15% over the past month, buoyed by improving investor sentiment following a temporary trade truce between the U.S. and China.
From a technical perspective, XRP’s Relative Strength Index (RSI) recently climbed near the 70 mark after spending an extended period below 50—indicating renewed buying interest. Large investors (commonly referred to as whales) are also showing confidence, with one major holder reportedly purchasing over $73 million worth of XRP within just the last few hours.
A major development driving optimism around XRP is the SEC’s recent submission of a settlement agreement to Judge Torres. The request includes halting further appeals and closing the case permanently. Should the judge grant approval, it could open the door to the long-anticipated approval of XRP-based exchange-traded funds (ETFs), a move that could propel XRP’s price significantly higher.
XRP Price Forecast: Could ETFs Send XRP to $10 by Q4?
Attorney James K. Filan shared on social media that the SEC’s filing came exactly one week ago, marking one of the final procedural steps in the Ripple-SEC lawsuit. Interestingly, the SEC is now seeking to retain only $50 million of the original $125 million settlement, returning the rest to Ripple—a far cry from the initial $2 billion fine the regulator once demanded.
A resolution may be imminent, which would impact the timeline for multiple pending XRP ETF applications. Firms such as Bitwise, 21Shares, Canary Funds, WisdomTree, and Grayscale are among the hopefuls seeking SEC approval. Whether the decision comes next week or later in Q4, the approval of spot XRP ETFs is expected to have a bullish effect on the token’s price.
The number of filings—currently at ten—suggests strong institutional demand for XRP. Technically, XRP appears to be gaining momentum again after facing significant resistance throughout February, March, and early April.
If the positive momentum continues, XRP could reach $3 by the end of June and potentially hit $4 or more by the fourth quarter of the year.
Promising Altcoins to Watch This Summer
While XRP remains a dominant force in the market, investors looking for faster gains may want to explore newer altcoin opportunities—particularly those launched through successful presales.
One standout this year is Solaxy (SOLX), which has already raised $36.2 million in its presale phase. Positioned as the first Layer-2 solution for the Solana blockchain, Solaxy aims to address Solana’s ongoing congestion and downtime issues by offering faster transaction speeds and lower fees.
Solaxy will enable seamless interaction between its own network and Solana, while planning future expansion to support multiple blockchains. This makes it a strong contender in sectors like DeFi and meme coins, driving further adoption.
Moreover, SOLX will serve as the native utility token for paying transaction fees on the platform—boosting its demand as the ecosystem grows.