XRP News Today: XRP Holds Above $2.20 as ETF Delay Fuels Breakout Hype and Ripple SEC Settlement Speculation

On April 30, XRP traded within a narrow range, hovering near $2.25 before dipping slightly to $2.22. The token managed to stabilize at $2.24 by the day’s close, signaling resilience amid a flurry of technical signals and macro pressures.

Market analysts observed a series of bearish and bullish crossovers throughout the day, pointing to mixed sentiment. Indicators like the MACD and RSI flashed oversold and overbought signals at various intervals, with short-lived downtrends quickly followed by recoveries. Notably, a Golden Cross on the MACD toward the end of the session confirmed a return to upward momentum.

XRP was trading at around $2.23 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Technically, XRP’s support level lies near $2.20, with immediate resistance around $2.2652. A breakout above this zone could propel the Ripple price toward $2.31. Conversely, failure to hold current levels may drag the XRP value down toward the $2.16 floor. “Investors are closely monitoring price action and volume to determine whether a breakout or a retracement is more likely,” said Buvaneswari, a TradingView analyst.

The U.S. Securities and Exchange Commission’s (SEC) decision to delay its review of Franklin Templeton’s proposed XRP-spot ETF has reignited speculation around the Ripple lawsuit. The delay comes as both Ripple and the SEC approach a key appeal deadline on June 17, 2025.

The SEC has delayed decisions on XRP and DOGE ETF proposals, citing the need for more review, with final rulings expected by mid-June. Source: EmmaRarsons via X

Some legal observers suggest the timing is strategic. Pro-crypto attorney Bill Morgan remarked, “The ETF delay to June 17 falls just after the SEC must provide a status update in the Ripple case. This isn’t coincidental—it points to possible behind-the-scenes negotiations.”

Adding fuel to the speculation, social media influencer John Squire floated a theory that the government could be considering XRP as part of a settlement arrangement. “If the SEC accepts XRP as a form of payment, they’d want to avoid a price rally before finalizing the terms. Delaying the ETF could be part of that plan,” he said.

According to reports, the SEC and Ripple recently filed a joint motion to pause certain appeal proceedings, signaling a potential settlement. The proposed terms may include vacating prior injunctions and reducing Ripple’s $125 million penalty, which could mark a turning point in the long-standing XRP lawsuit.

Despite minor pullbacks, XRP continues to show technical strength, supported by bullish momentum from both on-chain upgrades and renewed legal optimism. The XRP/USD pair remains above key trendlines, with strong buying wicks indicating active accumulation.

XRP is trading near $2.23 with bullish potential toward $2.355 and $2.500, but a drop below $2.120 could lead to a fall toward $1.924. Source: FenzoFxBroker on TradingView

Market watchers are eyeing $2.2652 and $2.31 as short-term targets, with a potential breakout hinging on volume and legal clarity. Macroeconomic factors, including Federal Reserve policy shifts and geopolitical developments, will also shape the broader XRP market outlook.

For now, XRP price predictions remain cautiously optimistic. If bulls manage to hold the $2.20–$2.22 range and volume builds on positive Ripple news, a rally toward the $3.00 mark is not out of reach. However, any setback in the ETF or Ripple SEC case could trigger renewed volatility.

As Ripple continues navigating the regulatory maze, investors are reminded that the next big move for XRP may well be legal, rather than purely technical.