Can XRP Price Reclaim the $2.80? James Farell Sheds Some Light on XRP Vs SEC Case

Highlights: 

• XRP price holds above the $2 support level, currently at $2.09.
• Crypto-friendly lawyer James Farrell has shared what is next for the XRP Vs SEC case.
• Technical indicators show potential upside as bulls target the $2.80 level.

The XRP price is currently range-bound, oscillating between the $2.06 and $2.09 mark. Meanwhile, the end of the XRP SEC lawsuit may result in an XRP price surge ahead. Upon receiving such positive XRP news, the market sentiment will be bullish and will cause excitement for the coin. While various legal and fundamental problems are on the road to this end, crypto-friendly lawyer James Farrell has also shared what is next for the XRP SEC case.

9/20 BUT, Ripple would then have to separately make a motion before Judge Torres after dismissal of the appeal (NOT an indicative ruling request) to modify her injunction. If Torres says no, Ripple has its settlement but sits on the beach for 3 years as a private company.

— James Farrell (@Farrell1969) April 16, 2025

Farell Updates on the XRP Vs SEC Lawsuit

Farrell has explained the status of the XRP SEC lawsuit and what was to come. He shared his expertise in a series of X posts, adding that Ripple must face many challenges. In addition, the company has also filed a motion to dismiss its appeal in the hopes that Judge Torres will change the ruling. The two sides of the case are silent for now because they have requested a dismissal motion. The ascertainment of the stock’s true value has rendered ineffectual all negotiation on either side, and it is now for the parties to agree upon terms.

11/20 With no real incentive to move fast there, assume 3-6 months for Torres to decide. And for reasons previously identified, no guarantee she decides to modify her injunction when nothing has changed.

— James Farrell (@Farrell1969) April 16, 2025

This will lead to an indicative ruling request to allow trading of XRP to institutional customers. Ripple must be able to make private sales before the IPO, and such a change is necessary for XRP. Why do they want it?” said Farrell. It makes the possibility of an IPO in the next 3+ years more or less zero without it. In other words, while the cool kids go public, Ripple cannot.” Still, Ripple has to jump through several hoops to alter the past ruling.

XRP Price Outlook

The XRP price holds strong above the $2 support level, currently trading at $2.09. The bulls and the bears are in a tight tug of war, as they struggle to regain dominance, Meanwhile, the bulls have flipped the $1.91, aligning with the 200-day MA into a support level, giving the buyers a hind wing to the $2.23 resistance mark. If the support level holds, the bulls could target the immediate resistance key at $2.23, aligning with the 50-day. A close above these levels will cause further upside toward $2.40, $2.60, and $2.80. 

On the downside, the $2.23 resistance level portrays some bearish prospects. If the level proves to be too strong, the bears could regain dominance. The XRP price could drop toward the $2.05 safety net in such a case. A breach below this mark will require further retracement toward support levels of $1.93 and $1.91. 

XRP Technical Indicators Signal Further Upside

Meanwhile, the technical indicators show a potential for further upside. The RSI has hurtled from the 30-undervalued level to 47. Increased buying appetite will cause a surge toward the 55 level, validating the bullish momentum. 

The MACD indicator, on the other hand, has flipped above the orange signal line, indicating a buy signal. Traders and investors are at liberty to buy more XRP tokens, which could cause a surge in XRP price. In the meantime, traders should cautiously monitor the support and resistance levels in the XRP market.