Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) just hit the “pause” button. In a legal battle that lasted longer than a normal bull run, both sides agreed to suspend appeal procedures and give the SEC an additional 60 days to finalize a major report.
Amid a lull in regulatory tensions, XRP is regaining momentum, recovering more than 5 percent this week thanks to Ripple’s aggressive expansion strategy in institutional clients, sparking speculation about possible partnerships with major U.S. banks.
Ripple and the SEC have agreed to halt cross-appeal procedures, extending it by 60 days to finalize a long-awaited agreement.
While progress has been made, one key element remains open: the deal needs approval from Paul Atkins, the SEC chairman appointed by President Donald Trump.
! Source: John Squire/XThe Atkins has passed confirmation hearings, and the formal swearing-in ceremony has yet to take place, delaying the approval process.
When he officially takes office, Atkins is expected to approve the deal, closing one of the most prominent legal battles in the crypto industry. And until then, Ripple and the SEC are still in a state of waiting, holding a pen but not yet able to sign.
As regulatory proceedings lull, investors are turning their attention to Ripple’s aggressive expansion strategy — and the market is reacting markedly.
XRP has risen more than 5 percent in the past week, fueled by a wave of stock price gains following the Trump administration’s decision to pause tariffs and Ripple’s acquisition of Hidden Road, a brokerage firm serving more than 300 institutional clients.
! Source: CoinMarketCapThe deal could bring billions of dollars in transactions per day into the XRP Ledger, increasing its practical application. Ripple’s global payments network is also expanding, while expectations for an XRP ETF are heating up.
Strategic partnerships, such as the recent agreement with Chipper Cash, demonstrate Ripple’s ambitions. However, a potential breakthrough with major U.S. banks is truly XRP’s most significant growth opportunity to date.
At the time of writing, the XRP price is trading at $2.1, holding steady for the week’s gains but showing signs of consolidation.
Notably, the MACD indicator has crossed the positive zone, with the MACD line crossing above the signal line – an early sign of a bullish trend. However, the histogram only shows gentle green bars, suggesting that the current upward momentum may be weakening.
! Source: TradingViewMeanwhile, the RSI is in the neutral zone at 48.39. This shows that XRP has not fallen into overbought, but has not attracted strong enough buying force either. If it surpasses the $2.2 mark, the price of XRP could continue to rise. Conversely, if the $2 level is lost, short-term downward pressure may emerge.
For the time being, XRP is “ready,” but not really “committed” to the next big breakout.
Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions
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