XRP News Today: SEC, SWIFT, and ETFs—Trio of Triggers for XRP Price Action

XRP Price Trends Hinged Appeal Withdrawal

On Saturday, March 29, XRP extended its losing streak to five sessions, falling 3.3% to close at $2.1347. The potential end to the SEC vs. Ripple case has failed to ignite a widely anticipated breakout to record highs.

Notably, the SEC has remained silent on its appeal strategy, despite Ripple CEO Brad Garlinghouse recently declaring that the agency agreed to withdraw its appeal challenging the Programmatic Sales of XRP ruling. Since Garlinghouse’s statement, XRP has fallen 15%.

Ripple’s decision to withdraw its cross-appeal, linked to a settlement with the SEC, also failed to revive XRP demand. Following the withdrawal, XRP fell 11%. Ripple Chief Legal Officer Stuart Alderoty announced Ripple’s cross-appeal withdrawal and favorable settlement terms with the SEC regarding Judge Analisa Torres’ Final Judgment.

One crucial component of Ripple’s settlement includes a request for Judge Torres to vacate the injunction prohibiting XRP sales to institutional investors. This could be pivotal for Ripple’s US expansion plans and broader adoption of its remittance platforms.

However, the absence of SEC commentary has fueled uncertainty about the agency’s intentions. The next closed SEC meeting is on April 3. A post-meeting announcement could be vital for XRP to sustain current price levels. An official withdrawal could accelerate:

• Court filings to vacate Judge Torres’ injunction.
• Spot ETF approvals.
• Ripple’s US expansion and broader XRP adoption.

Meanwhile, Ripple continues to gain traction in the remittance space. A former SWIFT employee reportedly confirmed that over 11,000 banks successfully tested XRP on SWIFT’s network, signaling a potential surge in demand. On March 21, reports circulated that SWIFT was nearing an agreement with Ripple to use XRP for cross-border payments.

XRP Price Trends: Regulatory Action, Adoption, and Spot ETFs

XRP’s near-term trajectory remains tied to the SEC’s appeal withdrawal, the Final Judgment, and the potential approval of XRP-spot ETFs.

Potential Price Scenarios:

• Bullish Scenario: An official SEC appeal withdrawal, a favorable settlement, and growing demand for Ripple products could drive XRP toward its all-time high of $3.5505. Approval of spot ETFs could further fuel institutional demand, pushing prices toward $5.
• Bearish Scenario: Delays to an appeal withdrawal, lack of settlement talks, if Ripple pursues its cross-appeal, SWIFT deal stalls, or the SEC rejects XRP-spot ETFs, the token could drop below $1.50.

XRP Price Action

Daily Chart

After a five-day losing streak, XRP remains below the 50-day Exponential Moving Average (EMA), indicating ongoing resistance, though it still trades above the 200-day EMA, which suggests long-term support.

A break out above the 50-day EMA may enable the bulls to retarget the March 19 high of $2.5925. Sustained momentum might bring the January 16 high of $3.3999 into play.

Conversely, a drop below $2 would bring the 200-day EMA and the $1.9299 support level into play. However, as the 200-day EMA aligns with this level, buying interest may intensify.

With a 14-day Relative Strength Index (RSI) reading of 43.65, XRP could fall below the 200-day EMA before entering oversold territory (RSI below 30).

Market Outlook: Uncertainty Remains a Headwind

XRP’s outlook hinges on regulatory developments, particularly the outcome of any settlement talks. However, broader macroeconomic factors, including US tariffs, economic indicators, and Federal Reserve policy, may also influence investor sentiment.

In January, XRP surged to $3.3999 on optimism over a potential SEC appeal withdrawal and growing support for crypto under the Trump administration. Yet, renewed trade tensions and a more hawkish Fed stance dragged XRP below $2 before settling.

Investors should remain alert. The SEC’s appeal move, Ripple’s cross-appeal, and progress on XRP-spot ETF applications may act as key catalysts for the next significant price shift.

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