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The XRP price dropped 2% in the last 24 hours to $2.41 as of 3:55 a.m. EST, despite a 14% surge in trading volume to $5.6 billion.
The drop comes after Judge Analisa Torres denied the US Securities and Exchange Commission (SEC) and Ripple’s motion for an indicative ruling on lifting the injunction prohibiting XRP sales to institutional investors. Judge Torres also rejected the request to reduce the $125 million penalty.
#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” pic.twitter.com/4s95ILvzsy
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 15, 2025
The SEC and Ripple are expected to file a procedurally correct joint motion.
Ripple Chief Legal Officer Stuart Alderoty remarked on the court ruling, stating, “Nothing in today’s order changes Ripple’s wins (i.e., XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together.”
XRP Price Forming The 5th Elliot Wave, Poised For A Bullish Trend Continuation
The XRP price has been following a classic Elliott Wave formation, currently appearing to be in Wave 5 of a bullish cycle.
The chart highlights a complete 5-wave impulse move: Wave 1 initiated the breakout, Wave 2 retraced into a consolidation zone, followed by an explosive Wave 3 rally, which topped out in early January.
This was succeeded by a corrective Wave 4 that retested a previous support area near the $2.00 zone, as GeckoTerminal data shows.
Recently, Wave 5 has begun to develop, supported by a clean breakout from a long-standing descending triangle pattern. The Ripple token price has now broken above the 50-day and 200-day Simple Moving Averages (SMA), confirming a shift in momentum and further validating the bullish structure.
The current price of XRP is $2.4181, showing strength after bouncing off the key support zone between $2.15 and $2.17, where the 200-day SMA and a historical demand region converge.
Furthermore, the Relative Strength Index (RSI) is currently at 56.50, indicating neutral-to-bullish momentum. This value suggests that XRP is not overbought, leaving room for further upward movement before reaching overheated conditions.
Moreover, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line (blue) sitting above the signal line (orange) and both trending upwards.
Ripple Token Price Prediction
The completed Wave 4 correction and the emergence of Wave 5, coupled with supportive technical indicators and a breakout from descending resistance, make the outlook for the XRP price bullish in the near term.
If the current momentum continues, the next logical Ripple token price target aligns with the psychological and technical resistance around the $3.00 level, which may serve as the final peak for Wave 5.
However, traders should be cautious around this region, as Wave 5 often marks the end of a bullish impulse sequence, potentially leading into a broader corrective phase thereafter. Until then, the path of least resistance remains upward, with strong support maintained at the $2.15–$2.17 zone.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe ICO Closing On $9.5M – Turn Market Buzz Into Crypto Gains With MIND
MIND of Pepe has quickly gained attention, raising over $9.33 million through its presale. Its success comes from its combination of AI technology with meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens.
This allows investors to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
This AI agent is also designed to deploy its tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the crypto landscape.
The @MIND_agent is now live. Here are its components:
◉Persona-trained LLM for crypto-native communication
◎Semantic vector matching for context-aware… pic.twitter.com/P6R5DbC4uB— MIND of Pepe (@MINDofPepe) May 10, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 244% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s presale will end in about 15 days.
Visit the MIND of Pepe website.
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