XRP Update: XRP’s Holder Count Hits 6.26M Amid SEC Lawsuit Pause – SEC Lawsuit Shifts Could Propel XRP Beyond $2.12

XRP is standing at a major crossroads. The token’s price clings to a critical support level amid a mix of bullish and bearish headlines. While fears of a 40% drop continue to loom large, XRP has also notched a new on-chain milestone with over 6.26 million holders. Meanwhile, progress in the SEC vs. Ripple lawsuit and growing speculation around a spot XRP ETF are adding fuel to bullish expectations. The situation is tense, with the market split between optimism and caution. XRP investors now await a decisive move that could define the next big trend.

SEC Lawsuit Pause, XRP ETF Talks, and a Crucial Support Level Collide

XRP’s market momentum is currently locked in a tug-of-war between positive regulatory developments and bearish technical pressure. On-chain metrics reveal growing interest in the token, with over 6.26 million XRP-holding addresses, a historic high, signaling rising investor confidence. This optimism is further bolstered by renewed chatter around a potential spot XRP ETF, especially in light of the latest legal update.

Ripple Labs and the U.S. SEC filed a joint motion to pause the ongoing appeal in their long-standing lawsuit. This strategic pause could indicate that both parties are nearing a broader resolution. The legal pause is viewed as a win for Ripple. It potentially clears the path for regulatory clarity and market-friendly outcomes, including a long-rumored XRP ETF.

Despite these wins, the XRP price remains under pressure, hovering around a key support level. Daily volumes have dipped significantly, suggesting waning momentum. Analysts warn that if XRP fails to hold this line, a 40% price drop could be on the table, a stark contrast to optimistic projections that stretch toward $22 or even $30 long-term. The XRP community remains cautiously optimistic, but the coming days may determine whether this support holds or breaks, with major implications either way.

XRP Price Analysis of April 11

Following this XRP news, the trading day of April 10th continued the bearish pressure from the previous day. Sellers dominated early action, pushing the XRP price into oversold territory on the RSI. This led to the price finding support at $1.9709 around 3:15 UTC. Buyers attempted a recovery, but momentum remained weak as the price moved sideways within a moderate range. At 15:30 UTC, renewed selling pressure caused XRP to break below support, dipping to $1.9221. However, this level attracted buyers once again. A golden cross on the MACD line at 16:25 UTC signaled a bullish reversal, triggering a wave of buying activity that lifted the price steadily.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 11, 2025

As illustrated in Chart 1, by 21:05 UTC, XRP entered an overbought zone, hinting at short-term buyer exhaustion. A death cross on the MACD at 21:20 UTC confirmed sellers were regaining control, pulling the price lower into April 11th. A bullish spark returned at 1:00 UTC with another golden cross, reigniting buying interest. If buyers sustain momentum, XRP could break above $2.0860 and target $2.1200. According to XRP price prediction, if this bullish trend weakens, sellers could take over again, potentially driving the price below $1.9221 toward the $1.9000 level.

XRP Price Prediction

XRP’s future hinges on holding the $2.0 support as ETF buzz and SEC lawsuit progress fuel optimism. According to XRP price prediction, sustained bullish momentum could push the token above $2.12. However, failure to hold current levels may trigger a sharp correction. Stay tuned for more XRP news and ETF updates.