XRP News Today: Will $XRP Go Up or Struggle After SEC Meeting?

Will XRP Go Up After SEC’s XRP ETF Approval Meeting? Check Detail Here

XRP has been in a consolidation phase, trading between a resistance level of $2.5 and a support level of $2.2. As of now, the XRP price stands at $2.43, with a market capitalization of $140.83 billion and a 24-hour trading volume of $5.5 billion. As XRP consolidates, investors question whether a breakout is imminent or if the token will continue to struggle.

Will XRP Go Up or Continue to Struggle?

SEC Closed Meeting and Its Influence on XRP

The SEC XRP case remains one of the most significant influences on XRP news today. The Securities and Exchange Commission (SEC) is holding a closed meeting on February 13, raising speculation about potential discussions regarding:

• The SEC’s appeal against the Programmatic Sales of XRP ruling in the Ripple lawsuit.

• Empower Oversight’s lawsuit demanding transparency about crypto-related conflicts within the SEC.

• The expected acknowledgment of Grayscale’s XRP ETF approval application.

Despite Gary Gensler’s departure and Mark Uyeda stepping in as acting Chair, there has been no clear direction regarding the Ripple case appeal. Market analysts suggest that the decision could be delayed until the confirmation of Paul Atkins, who is likely to bring a different perspective to the ongoing lawsuit.

XRP ETF Approval: Will It Drive Prices Higher?

One of the most anticipated developments in the XRP market is the potential approval of a Grayscale XRP-spot ETF. The SEC is expected to acknowledge the filing soon, with a decision likely to impact XRP’s performance significantly. The Grayscale XRP Trust, currently managing assets worth $16.1 million, could see a major influx of institutional investors if converted into an ETF listed on the New York Stock Exchange.

According to Polymarket data, 81% of votes favor XRP ETF approval in 2025, but recent trends show that expectations have entered a consolidation phase. This uncertainty raises concerns among investors regarding the likelihood of approval and its effect on XRP price prediction 2025.

Source: Polymarket

XRP Price Prediction: Will XRP Break Out?

According to Ali Martinez, a symmetrical triangle breakout has formed on the weekly XRP/USD chart, confirming a bullish breakout above the upper trendline. Fibonacci retracement levels suggest key resistance at $2.75, $6.08, $9.22, and $16.73. Based on historical price patterns, a measured move target of $15 is projected.

Source: X

Moreover, Market analysts have different perspectives on how high XRP will go after the lawsuit:

• Bullish Scenario: If XRP price breach the $2.50 resistance level then the next resistance levels are near $3.00 and $3.50. A close above $3.50 will lead the rally towards $5 and $10 in a positive sentiment.

• Bearish Scenario: XRP surged to $3 in January 2025, but if it falls below the $2.2 support level, a further drop to $2 or even $1 could be likely.

However, the current small pullback after the breakout suggests that XRP price might face short-term fluctuations before a stronger rally. Analysts believe that XRP is in the final stages of a long-term consolidation phase since 2018, which could result in a parabolic rally in the coming months.