Ripple’s XRP is back in the spotlight—and not for just one reason. A surprise twist in its long-running legal battle with the SEC has caught the crypto world off guard. At the same time, XRP futures are set to launch on Coinbase, adding even more fuel to the fire. These two developments are creating a wave of uncertainty around XRP’s price, which is already struggling to hold the key $2 support level.
Could this be the start of a major breakout – or a steep drop? With critical dates just around the corner, XRP may be heading for its most dramatic moment yet.
A recent tweet by journalist Eleanor Terrett revealed a surprising twist in the Ripple-SEC case. On April 3, an emergency request was filed, claiming to present strong evidence in support of Ripple.
Interestingly, this request didn’t come from Ripple itself, but from Justin W. Keener. He said the evidence is linked to physical investment contracts he has collected. However, the filing does not explain what the evidence actually is or how it might impact the case.
Even with little detail, the crypto community is paying close attention—especially because of the timing.
The timing of this filing is important. The Ripple-SEC lawsuit is expected to hit a major turning point on April 16. That makes this unexpected filing even more interesting.
Keener is not a new name in SEC legal matters. He was previously sued by the SEC for acting as an unregistered dealer of penny stocks. A court later ordered him to pay over $10 million in penalties.
Because of this legal history, his involvement in the Ripple case is raising questions. Some in the crypto community are wondering about his real motives.
Another major event for XRP is coming soon. Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to launch XRP futures trading on April 21.
This move could bring in institutional investors who want to manage risk by trading XRP derivatives. While this could boost interest in XRP, it may also increase price swings.
Right now, XRP is trading near its $2 support level. It has risen 2.7% in the last 24 hours, bringing its market cap to $122 billion.
But the price outlook remains uncertain. If XRP falls below $2, it could drop sharply to $1.04—a possible 48% decline. The 200-day Exponential Moving Average (EMA) is a key level to watch. XRP has stayed above this line for months, but if it breaks below, recent gains could be wiped out.
The Relative Strength Index (RSI) is at 41, suggesting sellers are still in control for now.
What’s Next for XRP?
With a major legal decision approaching and XRP futures launching soon, the next few weeks could be critical for XRP’s future. Whether these changes lead to a strong rally or a major correction, XRP is once again at the center of the crypto world.
Whether it’s a twist in the courtroom or a shift on the trading floor, XRP seems to have a knack for keeping the crypto world on its toes.
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