XRP Primed for Breakout as Traders Stack Positions—Will the Rally Stick This Time?

XRP traders are loading up ahead of what could be the next major price surge—or just another false dawn in crypto’s theater of hope.

After months of sideways action, the Ripple-linked token shows signs of life as volume spikes. Technicals hint at a coiled spring, but let’s be real: in crypto, ’breakout’ often means ’breakdown’ five minutes later.

Key levels to watch? The $0.55 resistance that’s rejected rallies twice this year. Clear that, and the 2025 highs near $0.80 come into play. Fail? Well, there’s always another ’accumulation phase’ narrative to sell.

Pro tip: Watch Bitcoin’s moves—because in this market, even ’decentralized’ assets still dance to BTC’s tune. Classic finance would call this correlated risk. Crypto calls it ’market synergy.’

TLDR

• XRP is trading near its 50-day moving average at $2.34 with increased derivatives volume up 25.82% to $3.14 billion
• The token has maintained a weekly range of $2.29 to $2.47, gaining 7% over the past month
• A key SEC closed-door meeting on Thursday, May 29 could resume settlement talks with Ripple
• Judge Torres previously rejected the SEC’s attempt to modify her ruling on May 15, causing XRP to drop from $2.65 to $2.26
• Technical indicators show mixed signals with RSI at neutral 51 and tightening Bollinger Bands suggesting a larger move ahead

XRP has been trading in a tight range as investors wait for potential regulatory developments. The token currently sits NEAR $2.34, close to its 50-day moving average.

Trading activity has picked up across XRP markets. Derivatives volume jumped 25.82% to $3.14 billion in the last 24 hours. Open interest also ROSE 2.25% to $4.76 billion, showing increased trader positioning.

Spot trading volume increased 40% to $1.86 billion. This reflects growing interest in the token ahead of regulatory developments.

The focus now turns to an SEC closed-door meeting scheduled for Thursday, May 29. This meeting could provide the opportunity to restart settlement discussions between the SEC and Ripple.

Legal Developments Shape Market Sentiment

Earlier this month, tensions escalated when Judge Analisa Torres made a key ruling. She rejected the SEC’s attempt to modify her final decision on May 15.

The SEC had tried to lift XRP’s institutional sales ban and reduce Ripple’s $125 million penalty. Following this rejection, XRP’s price fell from $2.65 to $2.26.

Legal experts believe the upcoming SEC meeting could be important. Pro-XRP attorney John Deaton suggests the SEC WOULD need to acknowledge XRP as a commodity for progress to occur.

If no settlement is reached, the court has several options. It could push the SEC to resume its appeal or grant more time if both parties show good faith efforts.

The appeals court could also dismiss the SEC’s case on procedural grounds. However, legal analysts consider this outcome unlikely.

‼️BREAKING: EXCHANGE CEO CONFIRMS SEC WILL SETTLE WITH Ripple APRIL 14TH FREEING #XRP ONCE AND FOR ALL!‼️ pic.twitter.com/jlTRgHUo1v

— FinanceBro (@FinanceBroYT) March 13, 2025

Technical Analysis Shows Mixed Signals

XRP’s technical indicators present a mixed picture. The relative strength index sits at 51, indicating neutral momentum.

The stochastic oscillator suggests potential short-term upside. It shows a possible buy signal from oversold levels.

However, the moving average convergence divergence remains slightly bearish. This creates uncertainty about the token’s next direction.

Bollinger Bands are tightening around the current price level. This pattern often suggests a larger price movement could be approaching.

XRP continues trading above important long-term moving averages. This indicates that deeper structural support remains in place.

The token has maintained its weekly trading range between $2.29 and $2.47. A break above $2.47 could target $2.65, while a MOVE below $2.29 support might lead to further correction toward $2.20.

Recent price action shows XRP recovered from a low of $2.267. The token broke above a bearish trend line with resistance at $2.30 and surpassed the 23.6% Fibonacci retracement level.