XRP is back in focus after a key legal update in its long-running battle with the U.S. Securities and Exchange Commission. On April 16, the Second Circuit Court of Appeals granted the joint motion from both Ripple and the SEC to hold the appeal in abeyance.
This pause effectively stalls further litigation activity, with the SEC now required to file a status report within 60 days. While not a full dismissal, the decision cools immediate legal uncertainty and is being viewed by the community as a potential de-escalation in a case that has defined XRP’s regulatory narrative for years.
Technical Setup Shows XRP Price Compression
On the technical side, XRP is consolidating just above the 200-day SMA at $1.91, with price currently hovering around $2.07. While it has pulled back slightly after testing $2.11, the structure remains intact for a continuation if key support levels hold.
The Bollinger Bands are narrowing, signaling a potential volatility expansion ahead. Price is compressing near the upper band and sitting on the 9 EMA and 20 SMA cluster around $2.06–$2.08, suggesting a make-or-break moment is imminent.
Momentum indicators present a mixed, but cautiously optimistic, picture. RSI is recovering toward the neutral 50 level, currently at 46.99, while the Stochastic Oscillator remains elevated at 73.11, hinting at continued short-term buying interest.
The MACD is flattening with a slight bullish tilt, its signal and histogram narrowing but still above zero, indicating latent bullish momentum that has yet to fully unwind.
