XRP penetrates important resistance, here is the next for Ripple price

TL; D

• After a long time spending it in a relatively narrow trading range, XRP rose over the main resistance, which can rise to $ 2.6, according to a famous encryption analyst.
• The latest price increased was amid a market increase, but also after SEC in the United States filed a lawsuit against Ripple Labs.

XRP to the next $ 2.6?

Since the distinctive symbol across the border between Ripple has regained a decisive line in mid -April, it was hung in the scope of trading between the above -mentioned level, which became psychological support and $ 2.26. The latter turned into a major resistance, which blocked the bulls’ attempt to penetrate in late April.

In the past ten days, XRP failed to move outside one of these lines. The bears were challenged to the vicinity of the lower border on May 6, but the original remained a lot over it. The subsequent bounce was somewhat gradual but seemed sustainable yet.

Earlier in the day, the XRP rose to a peak of 11 days more than $ 2.33 before facing some resistance and was paid south to the current $ 2.3. However, there are still 5 % a day, and most importantly, it has risen beyond the upper limits of $ 2.26. Ali Martinez told more than 135,000 followers on X that if XRP can close on this line, he may go to $ 2.6 after that.

if $ Xrp It abandons the resistance of $ 2.26, can lead to an upper outbreak of about $ 2.60! pic.twitter.com/2BDG315VGI

Ali (ali_charts) May 8, 2025

Although XRP has not yet closed this level of this level, society was fast to pick up this step and celebrate some great predictions of the following prices and months. Also, you can check the reason for another famous analyst that current price levels are a “absolute gift”.

SEC files to settle

The first clear reason behind the increase of XRP is the total market contrast, as the entire industry has added approximately $ 300 billion in the past few days. However, there appears to be another, and it includes the legal issue between the company behind the distinguished symbol and the American organizer, which filed a lawsuit for more than four years.

His Supreme Education Council foot Request to receive the court approval for a settlement with Ripple Labs. This can be considered an affirmation of the previous data by the CEO of Ripple and Clo, and both claimed that the case had ended effectively. The agency requests a $ 50 million settlement, which is previously $ 125 million, which was previously requested and less than 2 billion dollars that SEC initially sought.