XRP Price Holds at $2.16 as Ripple Prepares Critical SEC Court Filing Tomorrow

Ripple is set to submit a crucial appellate brief on April 16, 2025, in its ongoing legal battle with the U.S. Securities and Exchange Commission. The filing will respond to the SEC’s appeal against a 2023 court ruling that found Ripple’s programmatic sales of XRP did not violate U.S. securities laws.

The 2023 decision, issued by Judge Analisa Torres, marked a major turning point for Ripple and the broader crypto industry. In preparation for tomorrow’s deadline the company builds its defense to protect their recent legal victory ahead of this decisive court period.

According to CoinMarketCap data XRP maintains a daily trading value of $2.16 while showing 0.29 percent growth. The token reached a morning low at around $2.11 then restored most of its earlier drop. The current price movement demonstrates that intense capital inflows drive purchases at the $2.12 support zone.

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XRP Market Stable as Investors Await Ripple’s Legal Response

Ripple’s legal defense has become a focal point for traders and market participants who see the court outcome as critical to XRP’s long-term future. A successful filing could reaffirm the earlier ruling and limit the SEC’s regulatory reach over certain crypto assets.

XRP’s price movement reflects anticipation and caution, with clear resistance at $2.17 and a smaller ceiling around $2.16. Analysts predict that favorable legal news will enable XRP to exceed its current resistance points in the short run.

Technical indicators indicate that strength is starting to develop. The Relative Strength Index stands above 50 yet below 55 which indicates market conditions have weak bullish characteristics. A bullish crossover signal emerges due to the forward-trending MACD histogram.

During intraday sessions the token attempted to rise to $2.18 before returning lower while maintaining solid support. The $2.12 support level continues attracting buyers while the $2.135 to $2.14 price zone functions as an additional support base in the days leading up to the court hearing.

Conclusion

As Ripple prepares to file its response to the SEC’s appeal, XRP remains firmly supported at $2.16. Market participants now turn their attention to the legal update, which could shape XRP’s regulatory and price trajectory in the days ahead.

Also Read: Binance Traders Show Massive XRP Bullish Signals, Here’s What Happened

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