Ripple is an agreement with SEC staff – but the XRP price is still in danger: this is the reason
The CEO of Ripple, Brad Garlinghouse, confirmed an agreement with SEC employees to reject the ongoing issue against Ripple. This news raised the excitement between XRP investors, where there are traces on the price of the ripple and the broader encryption market. However, although this agreement is a positive step, the analyst warns that the price of XRP is still at risk of possible declines.
Encryption Crypto Patel Ripple visions. According to him, XRP witnessed a 28 % increased increase after the price was bounced of the support level of about $ 1.60. This support level was carefully distinguished by Patel, indicating that it was a critical point for traders.
He pointed out that many investors may have been arrested to buy XRP when it reached a range of $ 2.40 to $ 2.50. This area showed signs of fatigue, as a result, the price decreased about 30 %. Although there may be an opportunity for XRP to return to the resistance area from 2.40 to $ 2.50, Patel warns that this area can work again as a refusal point.
Pattel’s analysis indicates that in the event of continuing bullish momentum, XRP can already reconsider the upper resistance area, but sees the possibility of a preliminary withdrawal to about $ 1.30 and $ 1.00. These levels are in line with the decisive support areas you have identified Fair value gap (FVG)And it confirms that they have importance for future price movements.
Patel is still generally optimistic about the XRP track in the broader market round, with a possible move of about $ 7 to $ 10 during the full market stage. Traders are advised to search for strategic entries during the declines in the main support areas instead of their peak in prices and highlights that the main nullity level of this positive view will be a sustainable proximity over $ 2.50.
Also read: Prediction at XRP price for this day and at the end of this week (11-13 April)
Ripple legal developments and market morale
At the background of the XRP volatility, the Ripple news that reached an agreement with SEC created more suitable feelings about the encrypted currency. There are more reports on the decisive agreement that involves Ripple and SEC.
Breaking: Brad GarlingHouse confirms an agreement with SEC employees to reject the Ripple case.
A fine of $ 125 million is often recovered, including the gained benefits, and Ripple may make a fine of $ 50 million in XRP.
Going to $ Xrp?
Coinbureau office April 12, 2025pic.twitter.com/byxuqoq2m4
Details revealed that the fine of $ 125 million on Ripple will be often recovered, including the benefits due, which is a sign of XRP market. Moreover, Ripple may settle an additional fine of $ 50 million, which is likely to pay in XRP.
This legal decision has sparked discussions on how such developments affect the future ripple price. The agreement is a step in the right direction of ripples, but it does not eliminate the risks that XRP may currently face in the market.
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