- Ripple and the SEC have paused their legal battle for 60 days as they await approval of a potential settlement from incoming SEC Chair Paul Atkins.
- Meanwhile, XRP surged 13% following Ripple’s acquisition of Hidden Road and growing speculation about U.S. banking partnerships.
Ripple’s long-standing legal showdown with the U.S. Securities and Exchange Commission (SEC) is finally taking a breather. Both parties have agreed to a 60-day pause in proceedings to iron out the final details of a potential settlement. The catch? The settlement still hinges on approval from incoming SEC Chair Paul Atkins—who, despite clearing confirmation hearings, is still awaiting his official swearing-in.
Atkins, appointed by President Donald Trump, is expected to sign off on the agreement once in office. Until then, Ripple and the SEC are in limbo, waiting for the next legal chapter to begin—or finally end.
Ripple’s Institutional Moves Fire Up XRP Bulls
While legal proceedings simmer down, Ripple is turning up the heat on its expansion strategy. This week, XRP surged 13% following Ripple’s acquisition of Hidden Road, a major prime brokerage firm catering to over 300 institutional clients. The deal could open the floodgates for billions in daily transactions to flow through the XRP Ledger, further solidifying XRP’s use case in global finance.
Ripple’s ambitions don’t stop there. With rumors swirling about potential partnerships with major U.S. banks and recent collaborations like the one with Chipper Cash, the company seems determined to cement its role as a central player in cross-border payments.
XRP Price at a Crossroads: What’s Next?
XRP currently trades at $2.10, holding onto its recent gains but showing signs of consolidation. Technical indicators paint a mixed picture: the MACD has crossed into bullish territory, hinting at potential upside, but the histogram remains modest, suggesting momentum is cooling.
Meanwhile, the Relative Strength Index (RSI) sits at 48.39—neutral territory, indicating a lack of strong buying or selling pressure.
A decisive move above $2.20 could spark a fresh rally, while a dip below the $2.00 mark might invite short-term bears. For now, XRP is steady, with investors watching both the charts—and Washington.
