XRP Price to Hit $3? New Futures and SEC Silence Spark Speculation!

On the 3rd of April, XRP witnessed a minor rebound of 1.96%, following Wednesday’s dramatic drop of 5.42%. The small bounce came as the Ripple vs SEC case had fresh chatter. A random legal filing made by Justin W. Keener claimed to provide evidence that would change the game for Ripple, but it had vague information. As if that wasn’t interesting enough, Keener has a checkered past with the SEC, as they had previously sued him for unregistered penny stock trading. As traders focused on this legal issue, the overall market sentiment was influenced by upcoming U.S. tariff decisions and the continued messaging from the Federal Reserve.

SEC’s Silence and XRP Futures Fuel Speculation

Although the news of the unforeseen filing is exciting, the real price catalyst for XRP could be determined by the SEC’s next steps in the Ripple vs SEC case and if there will be any. Many would have wished that either the SEC or Ripple would issue some type of statement the day after the SEC’s Closed Meeting on April 3, likely either appealing to the Programmatic Sales decision or announcing that it would not appeal. 

However, with no news, uncertainty is still in play. Concurrently, Coinbase Derivatives has announced intentions to “launch XRP futures trading” on April 21, which is a very important step for the institutional adoption of XRP. The effort will most likely bring liquidity and stability to XRP, but for now, traders are sitting on the sidelines as the legal uncertainty remains. 

Big Picture: What’s Next for XRP?

In the future, macroeconomic factors will likely have a significant influence on the XRP price. We have the upcoming U.S. jobs report, Jerome Powell’s speech, and tariff updates, all of which may increase volatility to some degree. If the sentiment improves, XRP may test $3.00, but if there are renewed concerns about the economy, XRP might give back those gains. There are many moving parts, and we can expect traders to be looking closely at technical indicators for clues on the next point of action. Let’s drill down into the charts and see what the price action is telling us.

XRP Price Action Analysis 

The XRP price action on the 5-minute chart shows a shift from a descending channel to an ascending structure, indicating a potential trend reversal. Initially, XRP traded within a downward-sloping channel, testing lower bounds before finding support near $2.00. The breakout from this bearish formation led to a steady upward movement, forming a rising channel. Notably, the RSI indicated oversold conditions at the lower range, aligning with a price rebound, while the MACD confirmed trend shifts with multiple golden and death crosses. The latest golden cross in the MACD suggests growing bullish momentum, reinforcing the possibility of sustained gains.

Chart 1, Analyzed by Alokkp0608, published on April 4th, 2025

Despite the uptrend, XRP faces resistance near the $2.10 zone, where price rejections have been observed. A strong resistance block above this level could trigger short-term pullbacks. The RSI has approached the overbought region multiple times, signaling possible price exhaustion. If XRP holds above its rising channel support, the bullish structure remains intact. However, a breakdown below $2.05 may expose support near $2.00. 

XRP Price Outlook:  Breakout or Breakdown Ahead?

The latest XRP price action demonstrates a shift in momentum, breaking up an established descending channel while establishing a bullish pattern. Although indicators such as the golden cross in the MACD and weekly RSI signs of oversold indicate that the trend could continue upward, XRP may face short-term resistance at $2.10. The issues surrounding valuations as XRP futures just got launched, and developments with the SEC case will present uncertainty in the market. 

If XRP continues to hold support above $2.05, there will be the ability to push higher toward $3.00, but a break below $2.00 belongs in the negative territory as it could send XRP lower. Traders will want to closely map the levels mentioned above, given the broad macroeconomic factors and regulatory aspects facing the price action.