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XRP (XRP) Price: US Court Pauses SEC Appeal as Settlement Talks Progress
The XRP community is abuzz with excitement as the United States court pauses the Securities and Exchange Commission’s (SEC) appeal in the Ripple/SEC saga, amid reports of ongoing settlement talks. This development has sent ripples through the cryptocurrency market, causing XRP to surge to new heights.
XRP has been making waves lately, recording six consecutive months of positive returns against Ethereum, a historic milestone that has not been seen before. The impressive run began in November and continued into early 2025, with March witnessing almost 20% growth and April adding another 14%. This dramatic turnaround from the previous year’s seven-month losing streak has caught many off guard.
As the legal proceedings continue to unfold, traders are holding their breaths as they await the outcome. The court’s decision will have far-reaching implications for Ripple’s future business operations, including the possibility of a spot-based ETF, which could unlock new opportunities and inject fresh capital into the market.
Despite the uncertainty surrounding the SEC’s appeal, XRP has already seen a significant 20% surge in recent days, reclamation its $2 level. Some analysts suggest that this could be the start of a parabolic rally, with a possible floor at $2. Analyst Maelius believes that XRP may have entered the final stage of an Elliott Wave cycle, potentially targeting $10 after the lawsuit’s resolution.
As the crypto community watches with bated breath, some experts are speculating on the potential consequences of a settlement or victory for Ripple. The implications could be substantial, not only for the token but also for the broader cryptocurrency market.
Source: https://blockonomi.com/xrp-xrp-price-us-court-pauses-sec-appeal-as-settlement-talks-progress/
