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As Ripple’s protracted legal battle with the United States Securities and Exchange Commission (SEC) continues, speculation about a potential settlement is gaining traction.
With the April 16 deadline for Ripple’s reply brief in the SEC’s appeal process drawing closer, whispers are suggesting that the regulatory body might be considering withdrawing its case.
Could a Resolution Be Imminent?
Crypto commentator Andrew Parish hinted at an imminent resolution, citing SEC insiders who anticipate a reduced fine and a reclassification of XRP toward commodity status. If this pans out, it could be a significant decision with implications not just for XRP but potentially setting a precedent for the broader cryptocurrency industry.
On the other hand, lawyer Bill Morgan remains cautious, emphasizing that the ongoing uncertainty surrounding the Ripple vs. SEC case—whether due to a final settlement or a prolonged appeals process—could exert downward pressure on XRP’s price in the coming weeks.
As the weeks and months pass, I increasingly wonder whether despite all the rumours of a settlement, the continuing uncertainty about the end or continuation of SEC v Ripple appeal will eventually increasingly exert a negative pressure on XRP price.
— bill morgan (@Belisarius2020) March 18, 2025
Morgan stated in a post on X (formerly Twitter) that there is a strong possibility XRP could face bearish pressure if the Ripple lawsuit doesn’t reach a resolution soon.
XRP’s Current Price Action
At press time, XRP is trading at $2.27, down 2.67% in the past 24 hours with a 13.24% drop in the trading volume, as per CoinMarketCap data.
The digital asset is facing resistance at the 20-day Exponential Moving Average (EMA) at $2.34, a level it needs to reclaim for further upward movement.
The MACD (Moving Average Convergence Divergence) indicator is showing signs of a mild recovery, with the MACD line (blue) crossing above the signal line (orange), confirming a bullish divergence. The MACD histogram is also showing green bars, suggesting that buyers have short-term control over the price direction.
Related: Attorney Bill Morgan Reveals How US Bank Failures Disrupted XRP Transactions in Ripple’s ODL System
It’s important to note that key Fibonacci retracement levels show XRP recently bounced off the 0.236 Fib level ($2.184), indicating that buyers are defending this support.
A break above the 0.618 Fib level ($2.736) could pave the way for a rally toward the $3+ range.
Related: Ripple vs. SEC: Is a Settlement in Sight After Years of Legal Sparring?
Additionally, a major target for bulls is the 1.618 Fib extension ($3.678) if XRP gains momentum. Meanwhile, the 2.618 and 3.618 Fib levels ($4.777 – $5.876) also present potential upside targets if bullish sentiment returns following a favorable legal outcome.
On the downside, if XRP fails to hold the $2.18 support level, it could revisit the $1.90 mark or even lower.
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