Ripple’s legal standoff with the U.S. Securities and Exchange Commission has taken a new direction ahead of the previously expected April 16 court deadline. Initially scheduled as the date for Ripple’s appellate brief submission, fresh procedural updates now suggest the company may not proceed with the filing.
Legal analyst Fred Rispoli shared that Ripple is unlikely to submit the brief, placing a 90 percent probability on a potential settlement or the SEC withdrawing its appeal. This shift could mark a significant change in the direction of the high-profile legal case that began in 2020.
The anticipation of a filing had built expectations across the XRP community. However, with momentum leaning toward an out-of-court resolution, investors and legal watchers are now focusing on whether the dispute will end without further courtroom proceedings.
Meanwhile, according to CoinMarketCap data, XRP maintains a daily trading value of $2.16 while showing 0.29 percent growth. The token reached a morning low at around $2.11, then restored most of its earlier drop. The current price movement demonstrates that intense capital inflows drive purchases at the $2.12 support zone.
Source: CoinMarketCap
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XRP Market Stable as Investors Await Ripple’s Legal Response
Ripple’s legal defense has become a focal point for traders and market participants who see the court outcome as critical to XRP’s long-term future. A successful end could reaffirm the earlier ruling and limit the SEC’s regulatory reach over certain crypto assets.
XRP’s price movement reflects anticipation and caution, with clear resistance at $2.17 and a smaller ceiling around $2.16. Analysts predict that an official resolution update from the SEC could enable XRP to exceed its current resistance points in the short run.
Source: Tradingview
Technical indicators indicate that strength is starting to develop. The Relative Strength Index stands above 50 yet below 55 which indicates market conditions have weak bullish characteristics. A bullish crossover signal emerges due to the forward-trending MACD histogram.
During intraday sessions the token attempted to rise to $2.18 before returning lower while maintaining solid support. The $2.12 support level continues attracting buyers while the $2.135 to $2.14 price zone functions as an additional support base in the days leading up to the final resolution.
Conclusion
As April 16 approaches, XRP remains firmly supported at $2.16. Market participants now turn their attention to the legal update, which could shape XRP’s regulatory and price trajectory in the days ahead.
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