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XRP Price Struggles to Rally After $50M SEC Settlement – Why?

Madonna by Madonna
05/09/2025

Despite the recent $50 million settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) on May 8, 2025, the price of XRP has not experienced a major surge. Here’s why:

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1. Bitcoin Dominance

The main factor behind the flat price movement of XRP is Bitcoin’s dominance in the crypto market. Bitcoin (BTC) recently broke through the $104K barrier, driving much of the attention and capital flow into BTC. As a result, many investors have been focused on Bitcoin, sidelining other altcoins like XRP. This could explain why XRP’s breakout, despite the settlement, has been somewhat muted.

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2. XRP’s Breakout from Falling Channel

On a more positive note, XRP’s technical chart shows a bullish breakout from a multi-month falling channel, signaling potential for future gains. The price surged 10% on May 8, reaching around $2.30, but the rally has since flattened.

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The next key levels to watch for XRP are the $2.70 range (23.6% Fibonacci level), followed by $3.67 and potentially $4.59. However, $4.59 is seen as a more long-term target.

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The Supertrend indicator has not yet flipped bullish, suggesting that XRP needs to close above $2.35 and turn it into a support level for the bullish trend to continue.

3. XRP’s Open Interest and Market Sentiment

The XRP Open Interest (OI) has reached a high of $4.23 billion, signaling growing bullish sentiment and increased leverage-driven trades. However, it still has room for further growth compared to its all-time high of $7.86 billion. The funding rate for XRP also spiked, which reflects increasing confidence in bullish trades.

4. Impact of the Settlement

The SEC’s settlement with Ripple, in which they acquired $50 million out of the $125 million escrow payment, should ideally catalyze a positive movement in XRP’s price. The resolution of the lawsuit clears one of the largest overhangs for Ripple and could lead to a stronger rally once the Bitcoin market settles.

Despite these promising signals, XRP’s price action is currently subdued due to the ongoing focus on Bitcoin, and the settlement’s impact may take more time to fully materialize in the market.

In conclusion, while the $50 million settlement with the SEC is a significant positive development for Ripple, XRP’s price has been heavily influenced by Bitcoin’s rally. If Bitcoin’s momentum slows, XRP may soon see a bigger breakout targeting the $3.14 level or higher. For now, investors will be watching closely for signs of further momentum in XRP as the broader crypto market evolves.

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Madonna

Madonna

Madonna, the esteemed author of our blockchain website, is a recognized authority in the field. With a wealth of experience and expertise, she brings a profound understanding of blockchain technology. Her professional insights and commitment to excellence make her a trusted source for navigating the complexities of the blockchain industry.

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