XRP Lawsuit Update: Ripple Case Nears April 16 Deadline – XRP to Hit $2.40?

The Ripple Case has reached the defining moment of it all as the U.S. Securities and Exchange Commission (SEC) is officially withdrawing its appeal against Ripple Labs. This is a breakthrough in the XRP Lawsuit that has had so long an argument as to whether or not XRP should qualify as a security. As anticipated, the victory by Ripple is set to influence the future course of cryptocurrency regulation because the kind of landscape that it can create for digital assets may be entirely different. Speculations are, therefore, mounting close to settlement as to how it will affect the XRP Price, with watchful eyes trained on possible market reactions and regulatory clarity in the crypto realm.

Ripple Wins as SEC Drops XRP Appeal

A game-changing development took place between Ripple and the cryptocurrency industry when the U.S. Securities and Exchange Commission made its official decision to end its XRP lawsuit appeals process. The SEC launched its case against Ripple in December 2020 after accusing the company of selling 1 million worth of unregistered XRP tokens. This judgment was a heavy blow to the SEC’s case. Since then, the parties have mutually discontinued their respective appeals. Ripple will pay a portion of the originally imposed $125 million penalty of $50 million, while the rest of the $75 million will be refunded to the firm.

The company has foregone nearly $150 million in legal fees to fight the case that Garlinghouse believes has brought much-needed regulatory clarity to the industry. The outcome of this historic case is viewed to have far-reaching implications on cryptocurrency regulation and classification, possibly reverberating onto other ongoing controversies in the crypto world.

XRP Price Eyes Breakout Ahead of Ripple Case Verdict

The price action of XRP is heading into consolidation between the levels as it attempts to make a bullish movement. The price is seen bouncing up from the marked support zone around $1.92 and is testing the resistance near $2.04, a key hurdle that bulls must reclaim to gain momentum in the upward direction. MACD signals are giving this set of alternations between the golden cross and the death cross. A recent golden cross formed by the MACD moments ago, around 16:25 UTC, signals bullish momentum might form but the market failed to break higher. 

Chart 1, analysed by Anushri Varshney, published on TradingView, April 11, 2025

Death crosses earlier in the session were a strong indication of the bearishness in the market, especially at 21:20 UTC. The RSI further strengthens this view as the asset was being pushed multiple times into oversold zones before recovering again from those dips. The XRP price remains range-bound, although April 16, the day Ripple is filing its appellate brief in the ongoing Ripple Case, could present a major catalyst. In the case of a bullish breakout above $2.05, XRP could target $2.10; otherwise, a rejection could lead it back to the $1.90 support zone.

XRP Price Outlook Post-SEC Withdrawal

After most legal uncertainties are tackled, XRP has been computing its gains, which continue to huddle around the $2 range. Ripple’s current acquisition and the launch of the inaugural XRP ETF in the U.S. are pertinent bullish indicators, too. However, certain macroeconomic factors, particularly trade tensions, might play a pivotal role in the fortune of XRP. The entry clearance followed by content approval will also usher in a prolonged period of great perspective into the future of XRP.