- Ripple and the SEC pause proceedings, awaiting new SEC Chair Paul Atkins to finalize a settlement.
- XRP rallies 13% as Ripple expands with Hidden Highway acquisition and eyes U.S. banking partnerships.
Ripple [XRP] and the SEC are hitting the pause button.
In a authorized saga that’s lasted longer than most crypto bull runs, either side have agreed to a truce, with the SEC now on the clock to ship a key report inside sixty days.
Whereas courtroom tensions ease, XRP is gaining momentum, surging 13% this week as Ripple expands its institutional technique, fueling hypothesis about potential partnerships with main U.S. banks.
Ripple and the SEC hit pause, however…
Ripple and the SEC have agreed to pause their cross-appeal proceedings, granting a further sixty days to finalize a long-awaited settlement.
Whereas progress has been regular, one crucial issue stays: the settlement requires approval from Paul Atkins, the SEC Chair appointed by President Donald Trump.
Supply: X
Though Atkins has cleared his affirmation hearings, his formal swearing-in remains to be pending, a procedural hitch that would delay decision.
As soon as sworn in, Atkins is anticipated to greenlight the settlement, bringing an finish to one of many crypto business’s most carefully watched authorized battles. Till then, Ripple, and the SEC stay in a holding sample, pens poised.
The highway forward for Ripple
With authorized proceedings on maintain, buyers are actually centered on Ripple’s aggressive growth technique—and the market is reacting.
XRP surged 13% this week, pushed by a broader fairness rally after the Trump administration’s non permanent tariff halt and Ripple’s acquisition of Hidden Highway, a major brokerage serving over 300 institutional shoppers.
Supply: CoinMarketCap
This transfer may funnel billions in day by day transactions towards the XRP Ledger, amplifying real-world utility. Ripple’s world fee community continues to realize traction, and hypothesis round future XRP ETFs is heating up.
Strategic partnerships, just like the current tie-up with Chipper Money, present Ripple’s ambition. Nonetheless, a possible breakthrough with main U.S. banks may mark XRP’s most pivotal progress second but.
XRP’s worth outlook
At press time, XRP traded at $2.10, sustaining its weekly beneficial properties however displaying indicators of consolidation.
Notably, the MACD crossed into optimistic territory, with the MACD line rising above the sign line, an early indication of bullish momentum.
Nonetheless, the histogram reveals solely modest inexperienced bars, suggesting the rally could also be shedding steam.
Supply: TradingView
In the meantime, the RSI sat at 48.39, firmly in impartial territory. This means that XRP isn’t overbought, but it surely additionally lacks robust shopping for stress.
A break above $2.20 may set off renewed upside, however failure to carry the $2.00 stage might invite short-term bearish stress. For now, XRP seems poised, however not but dedicated, to its subsequent main transfer.