XRP Legal Battle Update: SEC and Ripple Granted 60-Day Extension for Settlement Talks

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn as the court approves a joint motion to pause proceedings for 60 days, allowing both parties more time to negotiate a final settlement. This development marks a significant step in one of the most high-profile cryptocurrency enforcement cases under SEC Chair Gary Gensler’s tenure. Below is a detailed summary of the latest updates and what they mean for XRP’s future.

Ripple and SEC Settlement Update: Court Pauses Cross-Appeal

The SEC and Ripple’s joint motion to pause legal proceedings on their cross-appeal has been approved. Both parties will have 60 more days to reach a final agreement. The Ripple vs SEC case, one of the largest enforcement actions of the Gensler era, has been moving towards resolution for over a month, but procedural hurdles remain. Notably, the Commission cannot sign any agreement before Paul Atkins officially takes his seat as Chair.

XRP Price Potential Turning Point: Analyst Eyes $2.25 Close

XRP is trading above $2, with bullish momentum gradually returning. Crypto analyst EGRAG CRYPTO believes this week could mark a turning point for XRP, with the price’s close above $2.25 being crucial. The analyst noted that the current weekly candle is hovering just above $2.10 and the 21-week EMA, and a close above $2.25 could confirm a full flip into bullish momentum. The $2.25 level has become a significant short-term resistance for XRP.

MAGACOIN FINANCE BATTLES XRP FOR Q2 SPOTLIGHT – COULD IT WIN THE UTILITY RACE?

As Q2 2025 heats up, a battle for investor attention is unfolding between XRP and MAGACOIN FINANCE. While XRP continues to ride waves of institutional adoption, regulatory progress, and payments innovation, MAGACOIN FINANCE is making headlines as a top altcoin to watch. XRP’s long-term value proposition is well known, but its path to exponential growth remains tethered to macro regulation and slower-moving integrations. In contrast, MAGACOIN FINANCE is offering an early-stage opportunity with explosive growth potential. Current Price: $2.13

XRP Dips To $1.97 – A Golden Opportunity?

XRP’s recent surge appears to be entering a cooling phase, with the price dipping to the $1.97 level. This area is acting as a pivotal support, and the current pullback signals a potential pause rather than a full reversal. The $1.97 zone is critical, having previously acted as resistance. If buyers step in with strength and volume rises, this dip could be a strategic entry point for those anticipating the next breakout.

XRP Faces Bearish Shift as Indicators Signal Weakness

XRP gained only 2% in the past week, signaling weak momentum and fading interest from buyers in the short term. Technical indicators like the RSI, Ichimoku Cloud, and EMA lines are reflecting increased bearish pressure. XRP’s Relative Strength Index (RSI) has declined to 46.34, a noticeable drop from 57.30 just one day ago, suggesting a shift in momentum with buying pressure cooling off.

XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?

XRP price started a fresh decline below the $2.150 zone and is now consolidating above $2.00, facing hurdles near the $2.120 zone. The price also started a downside correction from the $2.250 resistance zone and is now trading below $2.10 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.130 on the hourly chart. The pair might extend losses if there is a close below the $2.00 support zone. The price even spiked below $2.050 but stayed above $2.00, with a low formed at $2.036.