Ripple News: XRP Price Holds at $2 After SEC Pause — Can Buyers Push Price to $2.78?

XRP remains flat at $2.00 as Ripple receives a much-needed break from a long-running legal dispute with the U.S. Securities and Exchange Commission (SEC). The U.S. Court of Appeals agreed to suspend the appeals process for 60 days so both sides can find a settlement. This regulatory pause has fanned renewed optimism, with XRP bulls eyeing a possible 27% breakout to $2.78 — if the chart continues to move. But can the token sustain its upward momentum amid weakening technical indicators and macroeconomic uncertainty? Court halts SEC appeal: Ripple has space to breathe The SEC-Ripple case, now in its fourth year, may be closing. The appeals court's decision to postpone the SEC's appeal until June 15 marks an important turning point. Under the agreement, there will be no further legal briefs unless negotiations fail and the SEC is required to file a status update by mid-June. Ripple's chief legal officer, Stuart Alderoty, confirmed the terms of the settlement, noting that the company will pay $50 million of the $125 million fine that was previously set. Currently, an interest-charged escrow account is used to secure these funds. Ripple CEO Brad Garlinghouse confirmed developments in employee discussions with the SEC, adding hope that XRP will receive regulatory clarity. The crypto world is watching this closely because if all goes well, it could set a groundbreaking precedent for other crypto companies involved in regulatory disputes in the United States. XRP Heads for 27% Gains — But Bulls Must Overcome Important Hurdles XRP price is still struggling to break through the key resistance at $2.25, where the previous rally stalled. The current support level at $2.00 has held up so far, but the bullish momentum is fading. The presence of an inverted head and shoulders pattern on the 4-hour chart offers a glimmer of hope. If XRP can break through the $2.20 neckline, then the technical setup suggests a possible breakout towards $2.78 — an increase of around 27%.

However, the road ahead is not easy. XRP is facing stiff resistance at the 50-day and 100-day EMAs, at $2.07 and $2.09, respectively. These moving averages must turn into support to reinforce bullish confidence. Even then, the XRP price must break through the 200-day EMA at $2.16 and confirm a breakout through the $2.20 level to confirm the pattern. However, indicators such as the Relative Strength Index (RSI) at 46.37 indicate descending momentum and the MACD is flashing a sell signal. If XRP falls below $2.00, support can be found at $1.96 — resistance that previously turned support — or at $1.75, which was tested in early April. What's next: Regulatory transparency or market anxiety? The next 60 days will be crucial for XRP's long-term prospects. A finalized SEC deal could unleash the interest of new institutions, especially if it clears the lingering regulatory cloud. On the other hand, a failure to hold above $2.00, combined with bearish technical signals, could push XRP into a correction phase. In the short term, traders should watch for a clear breakout above $2.20 or slide below the key support level of $1.96 to gauge a change in momentum. What's Next: XRP Price Stays The Same, But Bulls Have to Raise The XRP price may be holding above $2.00 for now, but the battle is not over. While the legal pause creates breathing space and fuels bullish hopes, technical indicators paint a mixed picture. Traders should remain cautiously optimistic, waiting for a confirmed breakout above $2.20 or clarity on the SEC's decision before participating. Until then, XRP is hovering on the thin line between relief and retracement.