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XRP price is gaining momentum following Ripple’s SEC settlement, with bullish technical indicators pointing to a potential upward breakout.
Ripple Settles With SEC as Both Parties Agree to Pause Appeals
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly agreed to pause their long-running legal appeal, marking a critical turn in the nearly four-year standoff.
According to newly unsealed court documents dated April 16 and shared by defense attorney James K. Filan, Circuit Judge José A. Cabranes granted the motion to temporarily suspend the appeal process.
The SEC is now mandated to file a status update within 60 days, effectively pressing pause on the courtroom drama.
The temporary suspension follows Ripple’s decision to pay a $50 million settlement, signaling a firm move toward regulatory closure. With this legal overhang potentially fading, XRP is poised for renewed institutional interest and broader integration into Ripple’s growing payment infrastructure.
XRP Price Forecast: Eyeing a Recovery Toward $2.25
XRP price forecast leans moderately bullish as the digital asset hovers near $2.08, with technical indicators hinting at a potential breakout. The Donchian Channel signals compression between support at $1.61 and resistance at $2.25, indicating a consolidation phase that often precedes directional moves.
Notably, Ripple price has recently closed above the midline of the Donchian Channel, suggesting growing buyer interest.
XRP price forecast
Momentum supports this narrative. The MACD histogram has flipped green with increasing bars, while the MACD line has crossed above the signal line, signaling a shift in short-term momentum toward the bulls. This crossover near the zero line often precedes more significant rallies, especially after prolonged bearish phases.
However, downside risks remain if XRP falls below the midline at $1.93. That would expose the lower bound of $1.61. A sustained close above $2.25 could confirm bullish continuation toward $2.40, marking a technical breakout with higher conviction. Until then, XRP trades in a tightening range with bullish bias.
Ethereum price action is currently at a critical juncture, with MVRV pricing bands signaling key support at $1,440 amid growing bearish pressure. Market indicators suggest weakening strength, while large whale transactions to exchanges raise concerns about increased selling pressure. Therefore, the coming days will be crucial in determining whether ETH can recover or extend its downtrend below $1500.
Ethereum Price Testing Key Levels
Notably, the Market Value to Realized Value (MVRV) pricing bands indicate Ethereum has reached essential price thresholds. Analyst Ali Martinez has determined the Realized Price to be $2,060 at present. The next significant support point for Ethereum price exists at $1,440 when its price fails to stay above the Realized Value threshold of $2,060.
According to MVRV pricing bands, Ethereum price shows reduced market strength while existing closer to its lower boundary deviation point. These bands indicate the price levels the top altcoin must surpass to trigger a market recovery or extend its downward trend.
More so, recent analysis suggests that the upcoming Blood Moon Lunar Eclipse could play a role in Ethereum’s price action, potentially triggering heightened volatility. While some analysts predict a bullish reversal due to historical lunar cycle trends, others warn of another wave of panic selling. With Ethereum already in oversold territory, the market’s reaction to this event could be a decisive moment
Amber Group’s ETH Transfers
Additionally, in recent hours, the crypto trading platform Amber Group moved a substantial amount of 20,000 ETH worth $37.34 million to Binance, OKX and Gate.io. Such large Ethereum moves have sparked doubts about the companies’ intentions for moving ETH to exchanges during market decline. Such whale transactions into top exchanges normally attract attention and could increase selling pressure.
Market activity shows strong signals from the large movement of ETH. The rising availability of ETH on exchanges during trading periods causes market prices to decrease.
Ethereum Price Action And Predictions
However, despite the bearish outlook, the top altcoin has formed a bullish diamond pattern that signals a potential breakout. This technical setup suggests that the asset is approaching a pivotal moment, where a surge could follow if resistance levels are breached. If buyers gain control, Ethereum may see accelerated upward momentum in the coming sessions.
Similarly, a recent ETH price prediction projected that the altcoin would fall further below $1,500, possibly reaching $1,250 if key support levels continue to break. Crypto analyst Ali Martinez noted that Ethereum is slipping out of a parallel channel, a technical pattern often associated with bearish price action.
Despite the bearish sentiments, ETH price has shown resilience, rising from $1,814.5 to $1,915.13 in the last 24 hours. This 6% increase reflects renewed buying pressure, despite a significant drop in trading volume.