XRP has gained 2% today, trading at $2.09 on April 4. The altcoin is currently attempting to break out of a crucial support zone between $2.00 and $2.10, with recent developments in the SEC vs. Ripple lawsuit potentially fueling this positive price action.
“Odd Filing” Sparks Market Buzz
In a surprising twist, an emergency filing in the ongoing SEC vs. Ripple case has sparked speculation. Crypto America host, Eleanor Terrett, highlighted an “odd filing” involving Justin Keener, who presented what he claims to be “decisive evidence” in favor of Ripple. Although details remain scarce, Keener’s filing is tied to his physical investment contracts and could have significant implications for the case, and potentially for XRP’s price.
Keener, who has a controversial history with the SEC, having been sued previously for operating as a “penny stock dealer,” now faces attention for his latest filing. This filing comes as the XRP community eagerly awaits a final statement in the Ripple case, scheduled for April 16. According to crypto analyst John Squire, this date could mark a pivotal moment in Ripple’s years-long legal battle with the SEC.
🚨 XRP Decision Day 🚨
— John Squire (@TheCryptoSquire) April 2, 2025
On April 16, the final statement in the case against the SEC will be delivered. After years of legal battles, the endgame is closer than ever.$XRP is going to win this fight. pic.twitter.com/XBeVoHFyEI
XRP Futures on Coinbase Could Spark Price Volatility
In addition to the lawsuit drama, the upcoming launch of XRP futures on Coinbase could drive substantial volatility in XRP’s price. Set to launch on April 21, XRP futures on Coinbase will attract institutional interest, further legitimizing Ripple and possibly triggering significant price movements. XRP futures allow investors to hedge risks, making it an appealing choice for cautious traders, which could result in a price surge for XRP.
XRP Price Forecast: Key Levels to Watch
Despite the optimistic outlook, XRP’s price chart shows signs of bearish pressure. The formation of a descending triangle pattern points to potential downside risk, with a drop below the $2.02 support level possibly leading to a 48% crash to $1.04. However, bullish momentum may return if XRP can break above the 50-day EMA, signaling a potential recovery.
In conclusion, while the ongoing legal case and XRP futures launch offer hope for a bullish trend, XRP’s price remains at a critical juncture, with both upside and downside risks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ripple CEO Brad Garlinghouse Teases Big Announcements at XRPL Apex 2025
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
