XRP has been doing better than most top cryptocurrencies lately, gaining 2.5% in the past week and trading at $2.40. Meanwhile, Ethereum, Dogecoin, and Chainlink have all dropped by double digits during this time.

Many think XRP’s strength might be tied to rumors that the Ripple vs SEC legal battle is coming to an end. But crypto analyst Ali Martinez recently spotted something concerning on XRP’s price chart.

Martinez’s chart shows XRP has been moving up nicely, with several green candles in a row on the 4-hour timeframe. This steady climb shows buyers have been in control.

But there’s a warning sign now. The TD Sequential indicator just hit the number 9, which often means a trend is running out of steam. This typically signals it’s time to sell or at least be careful.

Making matters worse, a red candle appeared right after this signal, suggesting sellers are stepping in. XRP is hitting resistance around $2.40-$2.42, where it struggled to push higher.

$XRP sell alert! TD Sequential flashes a warning on the 4-hour chart. Opportunity to buy the dip incoming! pic.twitter.com/NIrZaWL6Sr

If prices start falling, we might see buyers step in around $2.32-$2.34, which served as support levels in the past. For anyone looking to buy XRP, waiting for prices to drop to these levels might offer a better deal.

The key now is watching if XRP can stay above $2.32. If it holds that level, the upward trend might continue. But if prices drop below $2.30, we could see a bigger selloff.

Read also: AI’s Shocking Crypto Prediction for Millionaire Status in 2025: Buy This, Not XRP

Pro-XRP lawyer Jeremy Hogan spotted something interesting in a recent update about the case. He noted that a statement suggesting the case “could be over soon” hints at a very specific scenario – Ripple and the SEC reaching a private settlement agreement.

Hogan explains that this would be the only way for the case to conclude rapidly. Such a settlement would involve varying from the judgment, dismissing the appeal, and not taking the settlement terms back to the trial court for ratification.

Something in Eleanor's post caught my attention:

"…case is in the process of wrapping up and could be over soon."

The only way the case could "be over" soon is if Ripple and the SEC reach a private settlement agreement (which would vary from the judgment), dismiss the appeal,… https://t.co/miqCWYI3AX

While possible, this would require the SEC to agree not to enforce the Court’s injunction – something Hogan finds difficult to believe they would accept. However, he suggests a more nuanced possibility where the SEC provides Ripple a path to register sales of XRP to institutional investors. This would give Ripple what it needs without the SEC directly contradicting the Court’s order.

Hogan explained that a settlement agreement keeps all terms within the parties’ control, which is a significant advantage. The alternative – attempting to ratify the judgment back at the trial court – risks the Judge saying “no.”

Despite these risks, Hogan still believes bringing the case back to the trial court might be the best option. He cites the 2010 SEC v. BofA case where Judge Rakoff, despite reservations, gave “considerable weight” to the SEC’s position and agreed to enter the consent judgment.

Even if the trial court refuses to amend the judgment, Ripple would still be free to enter into a private settlement agreement – essentially giving them a “free shot” at a better outcome, though this process would take longer than a few days.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post XRP Price Flashes ‘Sell’ Signal as Lawyer Has a Big Update on Ripple vs SEC Case appeared first on CaptainAltcoin.

95 +