- Legal optimism grows as SEC dismisses Coinbase case; Ripple lawsuit resolution predicted by April-May.
- XRP trading volume jumps 46% to $5.53B, but price recovery hinges on market momentum.
XRP experienced a 2.92% price decline in the past 24 hours, settling at $2.58. This drop follows a failed attempt to breach the $2.70 resistance level. Since early February, when XRP traded at $3.03, the asset has struggled to stabilize, briefly plummeting to $2.10 within 48 hours.
Despite a partial recovery to $2.77, renewed selling pressure pushed it toward its current range.
Data from CoinGlass shows a 9.72% reduction in XRP futures open interest, now valued at $3.80 billion. However, trading volume surged 46.20% to $5.53 billion, suggesting renewed market activity.
Brazil recently authorized the first spot XRP ETF, marking a regulatory milestone in South America. While the listing date remains undisclosed, the approval contrasts with ongoing delays in the U.S., where asset managers like Grayscale, 21Shares, and Bitwise await Securities and Exchange Commission (SEC) decisions on similar proposals.
Legal developments surrounding Ripple’s lawsuit with the SEC have drawn attention. Following the SEC’s unexpected dismissal of charges against Coinbase, speculation about a potential resolution in the Ripple case has intensified.
An earlier resolution is definitely in play, but I'm still thinking it might be May.
May or the first half of April. Just a hunch.
— Jeremy Hogan (@attorneyjeremy1) February 22, 2025
Jeremy Hogan, a lawyer supporting XRP, predicts the lawsuit could conclude by April or May, citing procedural patterns. The SEC’s recent pause on multiple crypto-related enforcement actions, including closing an investigation into OpenSea, adds to this optimism.
Key deadlines influence the Ripple case
The next court date is April 16, with Judge Analisa Torres overseeing a $125 million penalty ruling until August 2025. Fox Business correspondent Eleanor Terrett notes that resolving the appeal may require negotiations between Ripple and the SEC to adjust or drop the penalty, subject to judicial approval.
🚨NEW: On @Ripple, as @CherryEmpress21 notes, it’s more procedurally complex than @coinbase because they already have an order from Judge Torres at the district level to pay the $125M penalty.
Torres, according to the final judgment, will retain jurisdiction over the case for a… https://t.co/KEkIMvrP5J pic.twitter.com/QqBSwPYA4p
— Eleanor Terrett (@EleanorTerrett) February 21, 2025
ETHNews analysts highlight XRP’s reliance on sustained trading volume to reclaim the $3 level. While the Brazil ETF offers long-term promise, immediate price action hinges on broader market sentiment and legal clarity.
The SEC’s shifting stance on crypto enforcement, described by former official John Reed Stark as a “radical turnabout,” could further shape outcomes.
The interplay between legal resolutions and investor behavior will likely dictate the asset’s trajectory in coming weeks.
The current price of XRP (Ripple) is $2.59 USD, reflecting a 0.78% decline in the past 24 hours. Over the last week, XRP has dropped by 6.59%, indicating some short-term bearish pressure. However, over the past month, XRP has increased 17.2%, and in the last year, it has surged 378.5%, showing significant long-term growth.
XRP’s market capitalization currently stands at $149.83 billion USD, positioning it as the third-largest cryptocurrency by market cap.
The 24-hour trading volume is approximately $3.35 billion USD, reflecting active investor participation. The circulating supply is 57.89 billion XRP, out of a maximum supply of 100 billion XRP, ensuring a structured emission of tokens over time.
From a technical perspective, XRP has been fluctuating within a 24-hour range of $2.52 to $2.61 USD. The key support levels to watch are $2.50 and $2.40 USD, where buyers may step in to prevent further downside movement. On the upside, resistance is found at $2.65 and $2.75 USD. If XRP successfully breaks above these resistance levels, it could attempt to reclaim the $3.00 psychological level.
