![\"XRP](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Ripple-XRP-Update-XRP-Trading-Volume-Drops-32-Falls-to-1.44-Billion.jpg\")
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XRP price is up nearly 10% today and trades at $2.30. Despite the United States Securities and Exchange Commission (SEC) and Ripple\u2019s $50 million settlement, the token has failed to rally. Why? Will XRP hit the $3 mark?<\/span><\/p>\n On May 8, XRP price soared nearly 10%, accompanying Bitcoin (BTC), which smashed through the roof and hit $104k<\/a>. Interestingly, Ripple and the SEC inked a $50M settlement<\/a> yesterday, but the price failed to move. Why? <\/span>It is interesting to see the conclusion of the long-awaited SEC vs. Ripple lawsuit not have an outsized impact on the price of XRP. In fact, the token is down 1.08% at the time of writing today.<\/span><\/p>\n The main reason for this flat price action of XRP can be attributed to the first-mover advantage of Bitcoin. Since everybody is focused on BTC and it reclaiming the $100k level, many people remain sidelined on altcoins, including XRP. So, XRP price will likely take a breather before it rips to the upside.<\/p>\n On the daily chart, XRP price created a bullish engulfing candle due to the 10% rally noted on May 8. This marks the exit of the token from a multi-month declining channel that saw the token drop from $3.40 to $1.60. However, the recovery since the aforementioned swing low has been stellar.\u00a0<\/span><\/p>\n With a daily candelstick closing above the channel\u2019s upper trendline, XRP price will attempt to scale higher. The key levels to watch include the 23.60% Fibonacci level at $2.70, followed by $3.67 and $4.59. While a target above $4.59 is exaggerated as of now, investors should pay attention to it regardless.\u00a0<\/span><\/p>\n While the channel breakout is bullish, the Supertrend indicator is yet to flip bullish. This will happen if XRP flips $2.35 resistance level into a support floor.<\/p>\n The daily chart shows the MACD indicator has remained bullish since its bullish crossover in early April. Due to the recent volatility, there have been a few false signals, but this metric remains optimistic and supports a potential rally for XRP<\/a>.<\/span><\/p>\n On the flip side, a breakdown of the $2 support level will create a lower low and hint at a correction due to the breakout of bullish market structure for the XRP price. In such a case, investors need to pay attention to the $1.79 support level that has previously protected the price from sliding lower.<\/span><\/p>\n According to Coinglass data<\/a>, the XRP Open Interest hit $4.23 billion, the highest since March 4. However, there\u2019s significant room for growth compared to the all-time high at $7.86 billion.<\/span><\/p>\n Additionally, the XRP OI weighted funding rate spikes to 0.0115%, reflecting a growth in bullish trades. This adds the possibility of a leverage-pushed XRP price rally.\u00a0<\/span><\/p>\n In the <\/span>final verdict<\/span><\/a>, the SEC is asked to dissolve the injunction imposed over Ripple and release the seized $125 million escrow payment. Out of the $125 million, the SEC will acquire $50 million for settlement as a final payment. This is a bullish development for XRP and will catalyze a massive rally for the token\u2019s price when Bitcoin\u2019s rally cools down.\u00a0<\/span><\/p>\n The post Why is XRP Price Not Rallying after $50M SEC Settlement?<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" XRP price is up nearly 10% today and trades at $2.30. Despite the United States Securities and Exchange Commission (SEC) and Ripple\u2019s $50 million settlement, the token has failed to rally. Why? Will XRP hit the $3 mark? XRP Price Remains Flat After Ripple\u2019s $50M Settlement with SEC On May 8, XRP price soared nearly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-391637","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391637"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391637\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Price Remains Flat After Ripple\u2019s $50M Settlement with SEC<\/strong><\/h2>\n
XRP Price Prediction: What\u2019s Next?<\/strong><\/h2>\n
![\"XRP](\"https:\/\/s3.tradingview.com\/snapshots\/s\/SVdgIUN8.png\")
Open Interest Spikes Amid Growing Bullish Sentiment<\/b><\/h2>\n
![\"XRP](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-09-at-8.04.34\u202fAM.png\")