XRP News: John Deaton Was Right, XRP Lawsuit Win Paves the Way to Wall Street!

After years of legal battles and uncertainty, Ripple is finally turning a major corner, and the XRP community can feel the shift. With the SEC officially dropping its appeal, the four-year XRP lawsuit is winding down, opening the door for new possibilities. At the heart of this journey is attorney John Deaton, whose bold decision to stand up for XRP holders back in 2020 helped reshape the entire case. Now, with a wave of XRP ETFs gaining traction, the community’s patience and persistence seem to be paying off in a big way.

John Deaton’s Bold Move Changed the Game

Looking back, John Deaton’s choice to file a Motion to Intervene in the XRP lawsuit was a real turning point. While many doubted him at the time, he knew the importance of making XRP holders’ voices heard. That move helped him earn a spot as amici counsel, allowing him to represent over 75,000 XRP holders in court. Judge Torres later referenced those very affidavits when she ruled that XRP is not a security, a huge win for Ripple and the broader crypto space. For Deaton and the XRP faithful, it was proof that standing your ground can make a real difference.

The XRP ETFs Mark a New Chapter for Ripple

Now, the spotlight is shifting from courtrooms to financial markets. Just recently, NYSE Arca approved Teucrium’s 2X Long Daily ETF, one of around 20 XRP-related ETFs in the pipeline. Deaton called it a “never say you can’t make a difference” moment, and it’s easy to see why. These approvals signal growing trust in XRP as a legitimate asset, not just in crypto circles but among institutional players, too. With legal clarity and financial innovation lining up, the next big question is how all this excitement plays out for the XRP price action and market behavior.

XRP Price Action Analysis of April 8, 2025

On a 5-minute chart, the XRP Price began trading in a descending channel, suggesting persistent bearish pressure in the early hours of the day. But a robust recovery from the $1.65 support level set off a bullish reversal, shattering the upper limit of the channel. Multiple golden crossings on the MACD and RSI recovery from the oversold zone validated this rally. After a quick surge that temporarily lifted XRP above $2.00, sellers intervened, establishing a crucial resistance zone just below the $2.00 mark. The XRP price then entered a phase of sideways consolidation, creating a clear trading range between $1.85 and $1.95.  

Chart 1, Analyzed by Alokkp0608, published on April 8th, 2025

While the MACD remained unsure with alternating golden and death crosses, the RSI remained in the neutral zone, indicating a balance between buying and selling pressure. Despite the lack of momentum for a breakout, the XRP price maintained its respect for the ascending support trendline that was established following the rise during the consolidation period, indicating underlying bullish optimism. With multiple rebounds from the lower boundary around $1.85, the price remained stable inside the range, indicating strong short-term demand. Strong resistance is also shown by rejections below $2.00 and close to $1.95. The next significant move will probably be determined by a breakout from this area.

Conclusion: XRP Holds Steady as Bulls Eye Breakout

XRP’s journey from legal turmoil to institutional interest is shaping a new narrative for the token. With John Deaton’s legal efforts validated and XRP ETF approvals reinforcing market confidence, the XRP price is standing on stronger ground than ever. The price action on April 8 reflects this shift—despite early bearish pressure, buyers showed strength with a rebound above $1.85 and sustained consolidation just below $2.00. While indicators remain mixed, the ascending trendline and repeated rejections near resistance suggest bulls are quietly gaining ground. A decisive breakout above $1.95 could mark the start of XRP’s next major rally, especially as Ripple’s $18.9 trillion tokenization vision continues to drive long-term optimism in the market.