XRP’s bullish breakout continues as Ripple and SEC agree on a reduced settlement | Credit: Hameem Sarwar
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Key Takeaways
XRP has extended its 30-day rally to 27%, spiking to nearly $2.40 after Ripple and the SEC settled.
Ripple agreed to pay $50 million, a significant reduction from the initial $2 billion fine sought by the SEC.
On-chain metrics like the MVRV ratio 2.22 suggest XRP is not yet overvalued, implying a potential to $3.
If momentum holds, XRP could hit $3.40, but failure to maintain the rally might lead to a drop below $2.28
XRP price has extended its 30-day rally to 27% after Ripple and the U.S. Securities and Exchange Commission (SEC) decided to put their differences aside and end their long-standing dispute.
Before Thursday’s court filing, the altcoin had been rising, in tune with the broader market recovery, and was trading at $2.12. But a bullish engulfing candle appeared after news broke out of the settlement.
This sent XRP’s price close to $2.40. Here, CCN breaks down the settlement’s key terms, examines XRP’s technical and on-chain metrics, and outlines what could lie ahead for the cryptocurrency’s price.
According to the 4-hour chart, the token printed seven consecutive green candlesticks, ensuring that it did not drop back into the descending channel formed before.
The setup also seemed like XRP’s price had previously formed a bull flag. In addition, the Chaikin Money Flow (CMF) reading has soared to 0.21, indicating rising buying pressure around the cryptocurrency.
If this remains the same, the altcoin’s value is likely to trade higher in the coming days.
With the current spot price higher than that, the cryptocurrency could climb higher in the short term. The market Value to Realized Value (MVRV) ratio also seems to agree with this sentiment.
Typically, the MVRV ratio shows the unrealized profits and losses in the market. This metric tells when an asset is undervalued or overvalued.
Historically, XRP hits a local or market top when the MVRV ratio is between 2.59 and 4.26. But as of this writing, the ratio is 2.22, indicating that the price still has room to breeze past $3.
As long as the ratio is below the overvaluation point, XRP might see an extended rally soon.
XRP Price Analysis: New 2025 High Possible
Like the 4-hour chart, analysis of the daily chart also presented a bullish outlook. The chart below shows that XRP’s price was trading in a falling parallel channel before.
But today, the altcoin has broken above the pattern’s upper trendline, and the resistance is at $2.28. This move suggests that XRP has invalidated the bearish bias and wants to trade higher.
Amid the change, the Moving Average Convergence Divergence (MACD) has turned negative, indicating bullish momentum. Likewise, the Relative Strength Index (RSI) has climbed to 62.03, reinforcing the positive thesis around it.
Should this trend remain the same, XRP’s price might breach the resistance at $2.72. If successful, the next move for the cryptocurrency could be a new yearly high of $3.40.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
