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The XRP price has surged 6.6% in the last 24 hours to trade at $2.15 as of 8:41 p.m. EST on a 1.8% drop in trading volume to $2.99 billion.
The Ripple token jumped after Ripple Labs agreed to a $100 million legal settlement—paying $50 million each to the US Securities and Exchange Commission (SEC) and the US government.
In a recent FOX Business interview, Ripple CEO Brad Garlinghouse hinted that XRP might be used to settle the payment, pending regulatory approval.
BREAKING: 🇺🇸 RIPPLE CEO STATES $50 MILLION FINE TO U.S. GOVERNMENT COULD BE PAID IN $XRP!
“THE U.S. GOVERNMENT IS GOING TO END UP WITH $50 MILLION, WE HAVE EVEN TALKED ABOUT MAKING THAG AVAILABLE IN XRP.” – @bgarlinghouse
WILL RIPPLE PYNTHE SEC FINE USING $XRP?
Comment… https://t.co/mK9pSuinwb pic.twitter.com/m5EBaT8FVQ
— Good Morning Crypto (@AbsGMCrypto) April 11, 2025
The settlement marks the end of a years-long legal battle over alleged unregistered securities sales. The news has reignited investor interest, fueling speculation about XRP’s future price movement.
XRP Price In A Bullish Set-up – Will it Break Out?
The 3-day chart for XRP price shows a bullish falling wedge has formed. This chart pattern usually resolves to the upside with a 60-65% upside potential. The two most recent candles are strong and bullish, signaling buyer dominance, which could be a precursor to a breakout from the pattern.
XRP now eyes the next immediate resistance at $2.29 near the 0.382 Fibonacci retracement level. If it breaches this price point, XRP will have broken out of the wedge, prompting a surge in price to the next resistance levels around $3.40 and $4.18.
Conversely, XRP faces potential pullbacks to $1.6 if bearish trends dominate. Should sellers bear down on the market even further, the asset will likely correct deeper to $1.12.
XRPUSDT Analysis Source: Tradingview
XRP Price Might Reclaim $3.57 High
Technical indicators show that XRP is headed toward full recovery. Although the asset is still trending below the 50-day simple moving average (SMA), the price is approaching it fast. A strong close above will confirm a new upward trend.
Additionally, the relative strength index (RSI) is currently at 47.09, nearing neutral but pointing slightly upward, suggesting growing bullish momentum and room to run before becoming overbought.
If XRP price breaks out of the bullish falling channel, an influx of buying pressure could spark a relief rally. Traders are advised to watch for a daily close above the $2.35–$2.40 breakout zone as a confirmation of strength. What could follow is a 63% increase to $3.57.
Solaxy Presale Nears $30M – Next Crypto To Explode?
As the XRP price gears toward a breakout, investors are flocking to buy a new Solana project called Solaxy (SOLX).
With its presale funds surging past $29.8 million, Solaxy is positioning itself as a game-changer in the Solana ecosystem
Solana users can soon say goodbye to persistent network congestion and delayed transactions with Solaxy, a pioneering Layer-2 solution designed to supercharge Solana’s scalability and efficiency.
Solaxy processes transactions off-chain using innovative bundling techniques before settling them on Solana’s Layer-1.
This approach slashes fees, boosts transaction speeds, and ensures smoother performance for traders and decentralized applications (dApps). By alleviating Solana’s bottlenecks, Solaxy aims to unlock the blockchain’s full potential, much like Arbitrum did for Ethereum.
## Solaxy (SOLX)
Price Prediction
🚀 #SOLX showing massive potential with analysts projecting up to 1,790% gains by end of 2025! Layer-2 scaling solution addressing #Solana's congestion issues could be a game-changer. Presale already raised nearly $30M. Early investors taking… pic.twitter.com/Hg0rbaFGeK
— CryptoInsight (@teknopattv48) April 11, 2025
Solaxy boasts a cross-chain bridge that will initially launch on Ethereum to connect the two largest Web3 ecosystems. The bridge will merge Ethereum’s deep liquidity with Solana’s high-speed infrastructure.
The SOLX token serves as the backbone for transaction fees, governance, and rewards within the ecosystem.
Popular crypto YouTube channel 99Bitcoins, with over 725K subscribers, predicts SOLX could see 50-100x gains after it launches.
By buying and holding SOLX, users can also earn passively through the platform’s staking mechanism, which offers a lucrative 136% annual return.
Investors interested in participating in the presale can buy SOLX tokens with ETH, BNB, USDT, or a bank card.
To secure the best deal, purchase SOLX tokens at the current price of $0.001692 before the next price hike in a little more than 9 hours.
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