Binance Case: The SEC and Binance jointly filed a complaint on February 10, requesting a 60-day stay, citing the potential impact on the Crypto Task Force resolution. Coinbase Case: The SEC has requested an extension of 28 days and responded to the Coinbase (Coin) move for dialogue appeal. The SEC also referred to the Cryptographic Task Force and possible resolution.
These court filings promoted optimism that the SEC could withdraw its appeal in Ripple case. However, the SEC was able to wait for confirmation of Paul Atkins before the court case. Ripple must file an appeal-related reply brief by April 16th. A deadline may occur after Atkins confirmation.
XRP price trends: breakouts and attractive emotions behind Spot-ETF
The outlook for the nearest price depends on the SEC’s appeal strategy in Ripple case and XRP Spot ETF approval.
If the agency withdraws the appeal, XRP could target $4, above the all-time high of $3.5505. The withdrawal and approval of the XRP-Spot ETF could be further upside down. Conversely, if the SEC proceeds with that appeal, XRP could retreat to $1.50.
XRP Price Action
Daily Charts
After a four-day winning streak, XRP sends bullish price signals above the 50-day and 200-day index moving averages (EMA).
If the XRP returns to $3, the Bulls could target a high of 3.3999 on January 16th. A breakout starting at $3.3999 could mark the highest ever move at $3.5505.
Conversely, if you go below the 50-day EMA and $2.5, it could indicate a support level of $1.9299 and a February 3rd low of $1.7024.
A 14-day relative strength index (RSI) read of 55.68 allowed XRP to enter the acquired territory after surpassing its January 2025 high of $3.3999 (RSI is above 70) ).
