Despite earlier expectations for a favorable court decision, XRP remains range-bound between $2.13 and $2.36.
Legal expert Bill Morgan highlights that Ripple and the SEC contribute to delays, prolonging uncertainty.
Although XRP’s price has broken out of a wedge on the 4-hour chart, low volume suggests limited upside.
XRP’s price remains rangebound below $3 as the prolonged legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) drags on.
Earlier in the week, it seemed that U.S. Judge Analisa Torres would pass a summary judgment in favor of the blockchain payment firm.
However, a decisive breakout has yet to materialize, leaving XRP’s price locked in a range. The token’s next move hinges heavily on the outcome of its ongoing legal battle.
This analysis reveals why reaching a final resolution is difficult and how this prolonged uncertainty suppresses XRP’s price.
XRP Gridlock Continues — Why
While the crypto community awaits a resolution to the legal battle, legal expert Bill Morgan has noted that both parties are contributing to delays in the summary judgment process.
“Ripple would not have filed an appeal on the institutional sales part of the summary judgment decision (although we cannot be sure). The parties would have just moved on based on the summary judgment and the final orders Judge Torres made,” Morgan stated on X.
Try Our Recommended Crypto Exchange
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
From a technical standpoint, XRP’s price consolidates within a symmetrical triangle on the daily chart. This pattern typically precedes a breakout, but the direction remains uncertain until a decisive move occurs.
Adding to the outlook, the Awesome Oscillator (AO) remains below the zero signal line, signaling that bearish momentum still dominates in the short term. However, the Chaikin Money Flow (CMF) offers a contrasting signal currently sitting above the zero line.
This reading implies a degree of buy-side strength, helping to balance the bearish momentum reflected in the AO.
XRP Price Analysis: Awaiting Breakout
Like the daily chart, the 4-hour chart shows inclination with XRP’s price. For starters, XRP has broken out of a falling wedge despite trading below $3.
This breakout should typically move XRP’s price higher with increasing volume. However, volume around the altcoin has not necessarily surged in the last few weeks.
Hence, the cryptocurrency has kept trading between $2.13 and $2.18. In line with this, the red line of the Supertrend has maintained its position above the current market value.
This position indicates resistance to cryptocurrency. If this trend continues, XRP may remain range-bound between $2.13 and $2.36.
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.
