- Ripple faces key Apr 16 deadline to file SEC appeal brief on XRP sales
- XRP price ~$2.15 holds $2.12 support ahead of crucial legal date
- XRP’s technicals (RSI rising, MACD crossing) show bullish market anticipation
XRP’s legal battle with the U.S. Securities and Exchange Commission (SEC) approaches a defining moment on April 16, 2025. Ripple is set to file a critical appellate brief in its long-running fight with the US securities regulator, coinciding with signs of technical strength in the XRP market.
The ongoing legal battle, first launched in 2020, has shadowed XRP’s performance and market sentiment for years.
What Happens April 16 in Ripple vs SEC Case?
On April 16, Ripple must present its arguments challenging the SEC’s appeal of a key 2023 court ruling.
That ruling, by Judge Analisa Torres, found that Ripple’s programmatic sales of XRP did not qualify as securities offerings – a partial but significant victory for the company. Ripple’s filing aims to defend that ruling, potentially shaping XRP’s regulatory path in the US.
Related: XRP Analysis: Will XRP Make or Break its Current Support?
Besides the courtroom drama, market participants are also closely tracking XRP’s technical behavior. Traders and analysts believe a strong legal outcome could fuel significant price movement.
With momentum indicators flashing early bullish signals, many see April 16 not only as a legal milestone but also as a possible pivot point for XRP’s market trajectory.
How is XRP Price Reacting Before the SEC Deadline?
As of press time trading at $2.15, XRP is showing signs of strength. Its daily movement has formed higher highs and higher lows, a pattern often linked to bullish sentiment. Key support rests near $2.12, which has held firm on multiple dips. A secondary support zone appears between $2.135 and $2.14, highlighting a base of buyer activity.
What Do XRP Technical Indicators Show Now?
On the resistance side, the price struggled to break past $2.17, establishing it as a near-term ceiling. A smaller resistance band around $2.16 may delay any immediate breakout. However, a solid legal win could give XRP the momentum to push past both.
Related: Eyes Turn To XRP After 5%+ Increase Over The Last 24 Hours
Significantly, technical indicators are also hinting at potential upside. The Relative Strength Index (RSI) is stable around 50, signaling neutral momentum. It’s rising from oversold territory, indicating growing buyer interest. Meanwhile, the MACD is showing a possible bullish crossover as the histogram turns positive.
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Source: https://coinedition.com/bullish-xrp-chart-pattern-emerges-just-before-major-sec-deadline-april-16/