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The XRP price edged up a fraction of a percentage in the last 24 hours to trade at $2.00 as of 3:45 a.m. EST on trading volume that plunged 59% to $3.4 billion.
This comes as the long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs filed a joint motion to pause their appeals.
🚨JUST IN:,Ripple and the SEC have paused their appeals after reaching a preliminary agreement. If approved, it would settle all charges, including those against Ripple’s execs, and skip the April 16 filing. Final settlement is now in sight. $XRP pic.twitter.com/ZE9NP5ixrv
— Brett (@Brett_Crypto_X) April 11, 2025
The lawsuit pause signals that a potential settlement may be imminent, pending approval by the SEC.
Ripple Token Price Hints At A Potential Bullish Reversal
The XRP price on the daily chart reveals a significant breakout setup from a descending triangle pattern, a formation typically indicative of bearish continuation.
However, in this case, the Ripple token price appears to be testing the triangle’s upper boundary after multiple failed breakdowns, hinting at a potential bullish reversal.
The descending triangle structure, defined by lower highs and relatively stable support near the $1.94 level, has developed since late December 2024, according to data from GeckoTerminal.
XRP price action has repeatedly respected this support level, forming the classic A-B-C pattern within the triangle. It is now challenging the descending resistance line with growing bullish pressure.
The 50-day Simple Moving Average (SMA) is currently positioned at $2.27, just above the current market price of $2.00.
This suggests that XRP is still operating below short-term trend resistance, though the proximity to this level indicates that a breakout could shift the momentum significantly.
The 200-day SMA, located at $1.87, has been a key support level. The XRP price recently bounced off this long-term average, reinforcing the possibility of a bullish breakout as traders defend this critical level.
Meanwhile, the Relative Strength Index (RSI) sits at 43.89, which places it in the lower neutral zone.
While this is not a bullish signal, it indicates that XRP is not currently overbought or oversold, leaving room for upward movement should momentum increase.
XRP Price Prediction: Breakout Signals A 25% Surge
Given the bounce from the 200-day SMA and the test of the descending trendline from the triangle formation, the XRP price appears poised for a breakout.
The chart marks a potential 25.63% move from the breakout point, projecting a target near $2.51, based on the previous resistance zone on point D.
Conversely, failure to sustain above the descending resistance or a breakdown below the $1.87 support could negate this bullish setup and resume the prior bearish trend. In this scenario, the $1.5 level acts as a cushion against downward pressure.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). The popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Closing On $30 Million – Next 100X Crypto?
As Solana’s popularity has grown, mainly thanks to platforms like Pump.fun, its infrastructure has been pushed to its limits.
Solaxy is positioning itself as Solana’s first true layer-2 network, designed to tackle the blockchain’s biggest pain points.
Solaxy addresses Solana’s high levels of congestion by processing transactions off-chain, bundling them together, and settling them on Solana’s mainnet.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
This approach reduces congestion and speeds up transaction finality, benefiting traders and dApp developers.
Investors are actively buying into this idea, with the presale now garnering over $29.6 million.
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.00169 each using BNB, ETH, USDT, or a bank card. Solaxy also offers holders who stake its SOLX token a huge annual yield of 137%.
Buy before a price hike in a little more than 8 hours to lock in the best deal.
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