XRP is currently trading within a narrow range and continues to struggle to break above the $2.25 level. While it is unclear whether May will bring any strong price movements, some analysts believe that June could mark the beginning of a new bullish trend.
Attention is currently turning to the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. The next important date in the case is June 9, when the SEC is expected to file a status report on settlement discussions. According to a researcher, the SEC may issue a Sunshine Act notice about a week before this date. That notice would signal an official vote to withdraw the appeal and lift the long-standing ban on Ripple.
If this happens, it must be done before June 9th so that the SEC has enough time to complete the court documents. Based on this timeline, the next two to three weeks could be a critical time for XRP.
Regarding the potential impact on the price of XRP, predictions remain mixed. While some expect a bullish trend—possibly a 20% increase followed by a pullback—others believe the market could react strongly and a sudden increase threefold is not out of the question.
XRP price analysis
XRP continues to show weak bullish momentum, with long-term bearish divergence still affecting its price movement. On the 3-day and daily charts, the token remains in a downtrend marked by lower highs and lower lows. Although there has been some short-term relief, XRP is struggling to maintain bullish movement, similar to what is happening with Bitcoin.
Currently, XRP is trading near the support level from $2.15 to $2.17. If this support level fails, the next important level to watch is just above $2.00, followed by a weaker support zone near $1.95. Staying above these levels is crucial to avoid further declines. On the positive side, resistance is seen around $2.35, with stronger resistance between $2.45 and $2.50.
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Predictions for XRP price after SEC and Ripple settle update on June 9
XRP is currently trading within a narrow range and continues to struggle to break above the $2.25 level. While it is unclear whether May will bring any strong price movements, some analysts believe that June could mark the beginning of a new bullish trend. Attention is currently turning to the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. The next important date in the case is June 9, when the SEC is expected to file a status report on settlement discussions. According to a researcher, the SEC may issue a Sunshine Act notice about a week before this date. That notice would signal an official vote to withdraw the appeal and lift the long-standing ban on Ripple.
If this happens, it must be done before June 9th so that the SEC has enough time to complete the court documents. Based on this timeline, the next two to three weeks could be a critical time for XRP. Regarding the potential impact on the price of XRP, predictions remain mixed. While some expect a bullish trend—possibly a 20% increase followed by a pullback—others believe the market could react strongly and a sudden increase threefold is not out of the question. XRP price analysis XRP continues to show weak bullish momentum, with long-term bearish divergence still affecting its price movement. On the 3-day and daily charts, the token remains in a downtrend marked by lower highs and lower lows. Although there has been some short-term relief, XRP is struggling to maintain bullish movement, similar to what is happening with Bitcoin. Currently, XRP is trading near the support level from $2.15 to $2.17. If this support level fails, the next important level to watch is just above $2.00, followed by a weaker support zone near $1.95. Staying above these levels is crucial to avoid further declines. On the positive side, resistance is seen around $2.35, with stronger resistance between $2.45 and $2.50.