XRP Price Analysis: $2.37 Trade, SEC Settlement & Bullish Breakout

XRP’s Q1 Performance: January Surge and February Correction

XRP printed a 45.8% upsurge in January followed by a 30% pullback in February that wiped out most of the gains.

Despite this setback, XRP is poised to end Q1 in the green.

While the first three months of 2025 may not rank among XRP’s most successful, a positive close could set the stage for a sustained recovery.

Ripple Labs Settles Long-Standing SEC Dispute

In a significant development, Ripple Labs has reportedly settled its long-standing legal dispute with the US Securities and Exchange Commission (SEC).

The conflict harks back to 2020 when the SEC accused the company of conducting an unregistered securities offering.

The settlement will include a $50 mn fine for Ripple Labs, adding to the $125 mn penalty as well as restrictions on XRP sales to institutional investors imposed earlier.

The company is now expected to receive reimbursement for overpayments, while the restrictions will be lifted.

The reconciliation process will wrap up within two months in an encouraging outcome for Ripple.

Technical Analysis: Descending Triangle Pattern Formation

From a technical perspective, XRP’s weekly chart shows that a descending triangle pattern is shaping up between $1.90 and $2.80-$2.90.

Since this is a descending pattern, the upper bound of the triangle displays a downward bias, potentially pressuring bullish sentiment.

That said, classic charting principles dictate that the direction of an exit is typically aligned with the entry trajectory into the triangle.

For XRPUSD, the entry was bottom-up, suggesting higher odds of a breakout to the upside.

Importantly, the regression channel is slanted upward, confirming the current bullish trend. Under an upbeat scenario, a breakout above the triangle’s upper bound could initially drive XRP to $3.00.

The next target would be $3.50, as noted in an earlier overview.

Longer-term, the bulls could set their sights on $5.00, although this looks like an overly optimistic outlook at this stage.