- XRP faces strong resistance at $2.25 with bullish potential if volume tops 30M; downside risk remains if activity stays low.
- The Ripple-SEC case pause aligns with July ISO20022 rollout, leading to speculation but no official outcomes confirmed yet.
- XRP’s daily active addresses fall to 14.4K, yet holder count rises to 6.38M, showing declining activity but long-term interest.
The ongoing legal proceedings between Ripple and the U.S. Securities and Exchange Commission (SEC) have come to a temporary pause. On April 17, a joint motion to hold the appeal in abeyance was granted, halting the appellate process for now. As part of the order, the SEC must file a status update within 60 days, by June 16, 2025.
This timeframe coincides with the scheduled implementation of ISO20022 standards on Fedwire and FedNow, set for July 14, 2025. While this move does not indicate any outcome, it opens the possibility of discussions behind the scenes. There will be no further arguments or rulings until further notice from the court.
XRP Trades Near Resistance
On April 17, at press time XRP, was trading at $2.10, up by 1.69% in the past 24 hours. Over the past seven days, the asset gained by 5.41%, though it remains down by 6.58% for the month.
The market cap increased to $122.6 billion, a 1.50% gain. Daily trading volume is at $3.34 billion, up 7.90%, showing moderate market interest. XRP’s price moved slightly above the 20 day simple moving average at $2.0599.
It is trending toward the upper Bollinger Band of $2.2485. The lower band rests at $1.8712, placing current price action within a narrowing range. Volume is steady at 23.73 million XRP, suggesting consistent interest without extreme volatility.
Indicators Show Narrow Trading Range
The price has been ranging between $2.05 and $2.25, supported by strong buying near $2.06. Resistance remains at $2.25. The MVRV Z-Score, at 22.1448, is well above normal overvaluation levels.
Scores above 7–10 typically indicate overheated conditions. This suggests a possible correction if momentum fades. Moving average trends show that XRP recently climbed above the 50 day moving average at $2.08.
However, it still trades below the 200-day moving average at $2.19. Breaking above $2.19 is crucial to reestablish a longer term bullish outlook. The $2.19 zone now acts as a major resistance barrier.
User Activity Weakens Despite Holder Growth
Daily active addresses dropped significantly to around 14,400, down from peaks near 600,000 in recent months. Despite reduced activity, XRP’s holder base continues to expand. There are now roughly 6.38 million holders, pointing to steady long term interest.
For April 18, if XRP breaks $2.25 and volume exceeds 30 million XRP, it could rise to $2.35–$2.40. However, if volume remains flat and activity weakens further, price may decline toward $2.00 or even $1.93.
