In a major crypto market surge, XRP has skyrocketed by 6.81%, reaching a new April peak of $2.1591 — fueled by optimism around a potential XRP-spot ETF and signs of a favorable resolution with the SEC.
Ripple’s XRP Soars: SEC Settlement & ETF Hopes Drive the Rally
XRP made headlines on April 12th with a strong bullish momentum, climbing 6.81% and outperforming the broader crypto market’s 2.84% rise. The XRP price closed at $2.1591, marking its highest level in April so far.
This upward move builds on Friday’s 2.88% gain and reflects renewed investor confidence as Ripple inches closer to resolving its long-standing dispute with the U.S. Securities and Exchange Commission (SEC).
Brad Garlinghouse Signals SEC Truce
Ripple CEO Brad Garlinghouse, in a candid interview with Fox Business, expressed relief over a possible end to Ripple’s regulatory battle. He revealed that Ripple has:
- Reached a tentative agreement with the SEC staff
- Plans to reclaim most of the $125 million escrowed fine
- Welcomed the pro-innovation stance of the new SEC leadership and the White House
“We’re moving beyond the war on crypto,” said Garlinghouse, emphasizing the constructive tone from current U.S. leadership toward the digital asset industry.
He also pointed to the dismissal of harsh policies like SAB 121 and the DeFi broker rule, both seen as major wins for the crypto space under the Biden administration’s newer, crypto-friendlier tone.
ETF Buzz: Is a US-Based XRP-Spot ETF Coming Soon?
Garlinghouse didn’t shy away from ETF discussions, calling an XRP-spot ETF “long overdue” and necessary to unlock safe, institutional-level investment.
The ETF optimism, coupled with Ripple’s acquisition of prime broker Hidden Road, shows Ripple’s expanding institutional reach, a move Garlinghouse says he wouldn’t have made last year amid regulatory uncertainty.
XRP Price Forecast: Key Levels to Watch
Despite trading below its 50-day EMA (a bearish short-term indicator), XRP remains above the 200-day EMA, offering strong long-term support.
Bullish Scenario
- If the SEC officially withdraws its appeal
- Final judgment terms favor Ripple
- And XRP-spot ETF sees progress or approval
👉 Then XRP could soar past $2.59, testing resistance at $3.39, and potentially aim for $5.00 in an aggressive institutional-led rally.
Bearish Scenario
- Delays in the appeal resolution
- Uncertainty in final settlement
- Or rejection of ETF applications
👉 Could send XRP back down below $2.00, testing support at $1.92.
Market Sentiment: Mixed Signals as Legal Fog Persists
While XRP bulls remain hopeful, investors should watch out for:
- SEC’s final decision on the settlement
- Ripple’s possible cross-appeal
- And US macroeconomic triggers including inflation data, tariffs, and Fed policy decisions
Any of these factors could impact XRP’s near-term price action.
🔍 Additional Insight: Why XRP Still Holds Long-Term Promise
Beyond short-term volatility, XRP’s fast, low-cost transaction capabilities and Ripple’s growing global network of financial partners keep its fundamentals strong. If regulatory clarity improves in the US, XRP could emerge as a key liquidity tool for international payments.
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