Technical Analysis

8 min read

XRP Could Skyrocket as Ripple Nears a Legal Win in Ongoing SEC Clash

Published June 17, 2025 9:02 AM

By Valdrin Tahiri

Edited by Ryan James

XRP Is on the Verge of a Breakout | Credit: Veronica Cestari

Key Takeaways

XRP broke out from a long-term descending resistance trend line.
The XRP price could be on the verge of a significant upward movement.
If it breaks out, XRP could be one of the best-performing crypto assets in 2025.

After an 81-day correction starting on Jan. 16, the XRP price has increased since April 7.

A shorter, 24-day correction started on May 12, but the price has regained its footing and created a higher low.

On June 16, XRP was one of the best performers in the crypto market, posting an 8% daily candlestick, more than tripling Bitcoin’s increase.

Let’s see if the XRP price can continue its increase today and move above its May high of $2.65.

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Ripple SEC News

Recent news about the Ripple vs the Securities and Exchange Commission (SEC) case has contributed to today’s positive XRP sentiment.

Ripple and the SEC have filed a joint motion asking the Judge to remove the injunction. They propose an uneven split of the $125 million civil penalty held in an escrow: $50 million to the SEC and $75 million to Ripple.

Judge Analisa Torres has yet to decide on the motion. If she approves the deal, the case will end here. If not, the appeals process will start in August.

Several influencers believe that Judge Torres will announce her decision today, and there is optimism it will be positive.

CryptoLaw’s John Deaton believes there is a 70% chance of Judge Torres granting the motion.

A favorable settlement could give the XRP price the boost it needs to maintain its momentum and break out.

XRP Price Analysis

The XRP price started to show bullish signs on April 7 (green icon) when it bounced and reclaimed the $2 horizontal support area.

Shortly afterward, it broke out from a descending resistance trend line, confirming its correction was over.

During the time below the trend line, XRP also completed a W-X-Y correction (red), supporting the bullish price prediction.

Since the breakout, XRP has traded between $2 and $2.60. While it failed to break out in May (red icon), it has regained its footing.

XRP Move — XRP/USDT 3-Day Chart | Credit: Valdrin Tahiri/TradingView

The most likely wave count suggests XRP is in wave three of a five-wave upward movement, often the sharpest portion of the increase.

This week, the XRP price is approaching the range high of $2.60. A breakout above it will confirm that the next portion of the rally has started.

If that happens, the XRP price can reach a high of $4.50, targeting the 1.61 external Fibonacci retracement of the drop.

XRP Breakout Incoming

The XRP price started a bullish trend on April 7 and is on the cusp of a breakout.

A favorable settlement of the Ripple vs SEC case could catalyze an XRP price breakout, confirmed with a close above $2.60.

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer. He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape. Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights. He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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