XRP News Today: Bullish Run Takes XRP to April High on ETF and SEC Deal Hopes

XRP Hits April High on Bullish Prognosis

On Saturday, April 12, XRP rallied 6.81%, building on Friday’s 2.88% gain to close at $2.1591. XRP outperformed the broader crypto market, which climbed 2.84% to a total market cap of $2.67 trillion and reached its highest level in April.

Ripple CEO Brad Garlinghouse Talks Crypto

Ripple CEO Brad Garlinghouse offered an upbeat in an interview with Liz Claman of Fox Business. He stated:

“We’ve moving past the SEC’s war on crypto and entering the next phase of the market – true institutional flows integrating with decentralized finance.”

Commenting on the SEC v Ripple case:

“We have reached agreement with staff. Usually, what happens is you reach agreement with staff. Staff makes recommendations to the Commission, and then the Commission votes. […] The Commission hasn’t yet voted. But, what we’ve agreed is to dismiss and move on. We had put in escrow a potential fine of $125 million. We’re actually taking most of that back”

He also remarked on the SEC’s previous stance on crypto:

“And I think it’s just evidence that the former Gensler-SEC was on the wrong side of the law, and thanks to the new leadership at the SEC and the White House, I think we’re seeing a much more constructive, much more pro-innovation.”

Garlinghouse talked about the new administration focused on how the crypto industry can thrive at home with sensible regulation.

He also discussed the recent acquisition of prime broker Hidden Road, saying he would not have made the acquisition a year ago, adding:

“The SEC and the United States, even other parts of the Biden administration, it was a coordinated attack across many different agencies.”

The Ripple CEO referred to the IRS’s DeFi broker rule and Staff Accounting Bulletin (SAB) 121, which required banks to record crypto assets on their balance sheets even when holding them in customer custody. Both rules have since been voted out, underscoring the Trump administration’s pro-crypto stance.

He further addressed a potential US XRP-spot ETF, calling it “long overdue” and a step toward safer, more institutional market participation.

XRP Price Outlook: SEC Appeal and ETF Progress Crucial

XRP’s near-term trajectory hinges on three key drivers: the SEC’s appeal withdrawal, terms of the Final Judgment settlement, and progress on XRP-spot ETF approvals.

XRP Price Scenarios:

• Bullish Scenario: An official SEC appeal withdrawal, favorable settlement terms, and rising demand for Ripple products could send XRP toward its all-time high of $3.5505. Approval of XRP-spot ETFs could boost institutional demand, potentially pushing prices toward $5.
• Bearish Scenario: Delays to an appeal withdrawal, uncertainty over the settlement, renewed cross-appeal action, or rejection of XRP-spot ETFs would impact sentiment, risking a drop below the $1.50 level.

XRP Price Action

Daily Chart

XRP continues to trade below the 50-day Exponential Moving Average (EMA), sending a bearish near-term price signal. However, it remains above the 200-day EMA, indicating long-term support.

A break above the 50-day EMA could open the door to the March 19 high of $2.5925. If XRP makes a sustained move above $2.5925, the January 16 high of $3.3999 would be the next key resistance.

On the downside, an XRP drop below $2 and the 200-day EMA may lead to a fall toward the $1.9299 support level.

Market Outlook: SEC Appeal Withdrawal Uncertainty Remains a Headwind

XRP’s broader outlook hinges on the SEC’s next moves and ongoing settlement discussions. Beyond legal developments, macroeconomic conditions also play a key role in shaping investor sentiment. These include tariff developments, US economic data, and Fed policy.

In January, XRP surged to $3.3999 on hopes of an SEC appeal withdrawal and the US administration’s pro-crypto stance. Since then, trade tensions have impacted demand.

Investors should remain alert. The SEC’s appeal move, Ripple’s cross-appeal, and progress on XRP-spot ETF applications remain key catalysts.

Don’t miss our latest price forecast—click here.