XRP vs. SEC Lawsuit Update: Ripple Price Surges Amid Hopes of April 16 SEC Case Closure

Although half of the top 10 coins of the crypto market are in red today, XRP is going green. With macroeconomics pressuring the risk markets like crypto, XRP seems to be one of the outliers.  However, today XRP news is sending mixed signals about the future of this token. The current technical XRP price prediction shows that most indicators are giving negative results. However, the new development in the XRP SEC case seems to be a positive development for Ripple. There is  also a prediction on when the XRP SEC lawsuit ends.

XRP Holds Steady After April 3 Crypto Crash

The XRP price seems to have consolidated today as it has seen a moderate 1.2% increase, trading at $2.05. However, the April 3 crypto crash seems to have been too steep as XRP is still down 7.9% weekly. The current 24-hour range of trading also shows a low of $1.97 and a high of  $2.10. As this range highlights, XRP is struggling to break the $2.10 resistance. As such, a fundamental bullish catalyst might help with starting a breakthrough. Luckily, today XRP news includes a favorable development regarding the XRP vs SEC.

XRP vs SEC: Decisive Evidence Could Change Everything

Eleanor Terrett, who is known as the host of Crypto America, has provided an update regarding the XRP vs SEC. Based on the FOX Business reporter’s X post, a new piece of “decisive evidence” has been presented to the judge. This alleged evidence is supposedly in favor of Ripple and comes from an individual named Justin Keener. Although the filling for the emergency request did not contain any specific details, it mentioned Keener’s physical investment contracts. Some questionable details about the individual behind this evidence were also revealed.

🚨NEW: An odd filing just now in the @SECGov vs. @Ripple docket — an emergency request to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”

The letter, from a man named Justin W. Keener, doesn’t make clear what the so-called… pic.twitter.com/AQSDFIW6gi

— Eleanor Terrett (@EleanorTerrett) April 3, 2025

As Eleanor Terrett mentioned, Justin Keener had been previously sued by the U.S. Securities and Exchange Commission. The lawsuit specifies the reason as operating as a penny stock dealer, which led to a $10M fine for Keener. This interesting development came as the XRP community eagerly wants to know when the XRP SEC lawsuit ends. Regarding this context, John Squire, a crypto analyst, had recently made a bold prediction, marking April 16 as the end. 

Is the $2 XRP Support on the Brink of Collapse?

Despite these bullish fundamental developments, the technical analysis of the recent XRP price movement is bearish. As such, the XRP price prediction based on these technical patterns is also disappointing. One of the main bearish patterns is the descending triangle formation, which signals an upcoming breakdown in price. This could be the sign that XRP might fall below the psychological $2 support soon. The distance between the low and high points of this triangle shows $1.04 as the target of the bearish trend.  

Another bearish variable for the technical XRP price prediction is a possible break below the 200-day EMA. XRP has been trading above this level since December, which makes this potential break a worrying sign. Additionally, the RSI indicator shows a score of 39, which puts XRP in the sell territory. As such, the sellers are still in control of the market, which decreases the possibility of a rally. 

Is XRP Ready for a Bullish Breakout? What Could Fuel It

There is one bullish scenario where XRP succeeds in breaking the 50-day EMA resistance, using this as momentum for a moonshot. As mentioned above, a fundamental catalyst can help the price gain bullish momentum. This catalyst can be the official end of the XRP vs SEC lawsuit, or the possible listing of XRP futures. If Coinbase gets the approval to list XRP futures, this might bring enough liquidity to XRP market to send it soaring.