XRP Price Prediction: XRP Builds Momentum at $2.38 as Key Resistance Levels Come Into Focus for Traders

XRP is trading to $ 2.34 as the legal tug between labs and the sec in pause mode. The foundations in string are strong, while the legal developments are always influenced feeling.

Acorny Bill Morgan confirmed that a praices temporarily set the finalization of the I switch with the sec. I am The two parts fixed Ripple treats on April 23rd and the SEC 8 -, the correct rule 62.1 Motion because it does not refer to final judgments.

Important, negation was not a rejection rejection of agreement, only legal framing.

As the payment process is going

1. Settlement Signed by Ripple Parties on April 23, 2025 and by May 8, 2025 . I am

2. The parties filed a motion to maintain the appeal and crossing appeal in Abeyance

3. PARES FILE ROLEMENT 62.1 MOTION requesting an indicative …

– Bill Morgan (@ Belisariuss202020 May 16, 2025

The principal of the Ripster is legal officer, Stuart Alderothy, he told the investors that the establishment don’t impact the legal bed of xRP.

Revised motion will be present soon and then the parties can look for a limited removal to dissolve the environment and finalize a $ 50 million pity.

• Signed payment Agreement
• Motion to ruling indicative (proceural)
• Parties that are preparing approved

XRP Chart EVERY $ 2.38 Recovery Amid Pressure Channel

On the technical front, Prediction of the XRP price remains slightly bearish. Since the Charts, XRP / USD is stuck in a descending channel on the 1-hour channel, with consolidating price to $ 2.35. The channel has clear tall and lowly low, the meaning of the rear control.

The 50-Perifals as at $ 2.40 is the capping upside, while the macd lines are under the zero-no minth momentum. The price refused only the midline of the channel, so sellers are in control.

While, on the lower side, $ 2,31 act as a key support. If broken with the volume, XRP could go to $ 2.26 or $ 2.20. But if the bulls defend this level and print a candle in wildlights over the ie, we can see a recovery at $ 2,49 and $ 2.49.

Key levels:

• Resistance: $ 2,40, $ 2,44, $ 2.49
• Support: $ 2,31, $ 2.26, $ 2.20
• Macd: Bearish, flat
• Pattern: Descending channel with the loads of weaken

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