Price Analysis: XRP Up 14% This Week

XRP rose 10.2% this week as the Ripple vs. SEC lawsuit inspires hope. Investors expect Paul Atkins' selection as SEC Chair will lead to a more transparent and less confrontational regulatory approach.

Atkins' leadership might shift from enforcement-heavy tactics, affecting the cryptocurrency sector beyond Ripple.

New SEC leadership under Paul Atkins may change the agency's stance to Ripple's legal struggle. The lawsuit was prolonged by Ripple's $125 million penalty settlement in August 2024 and the October XRP judgment appeal.

Atkins may prefer consent decrees to balance compliance with clear regulatory rules after criticizing the SEC's enforcement-heavy approach.

Resolving Ripple's case might signify a more cooperative SEC, providing clarification for the crypto sector and increasing XRP and comparable asset sentiment.

Impact on Ripple and XRP Price
The outcome of Ripple's SEC complaint might affect XRP's pricing and market dynamics. Investor confidence may increase if the SEC settles or cancels its appeal, enticing retail and institutional participants.

Analysts say this might imply regulatory maturity, encouraging financial services blockchain deployment. XRP's price may rise if legal worries are resolved, but continued growth depends on Ripple's ability to leverage partnerships and build cross-border payment applications.

These achievements might help other cryptocurrencies experiencing regulatory issues, signaling a turning point for the sector.

XRP is down 3.49% in 24 hours to $2.35, with a $4.16 billion trading volume and $134.8 billion market value.

The token's declining trendline and $2.50 resistance limit upward progress. A breakthrough over $2.50 might lead to $2.71 and $2.90 objectives, indicating bullish continuation.

Downside support is $2.31, $2.23, and $2.11. The 50-day EMA at $2.31 suggests short-term stability, while the RSI at 48 implies neutral momentum.