News 
April 16, 2025 
3 min. 
The Trump administration’s commitment to crypto reform is gaining traction, with RIPPLE among the first to benefit. As part of its broader pro-crypto strategy, the administration recently appointed Paul Atkins, a known blockchain advocate, as the new SEC Chair, replacing Gary Gensler.
Consequently, this leadership change has accelerated progress in several major Web3 investigations. Most notably, cases involving Ripple and Binance are now moving forward at a faster pace. This signals a decisive regulatory shift that favors digital innovation.
Ripple and SEC Agree to Temporary Pause in Ongoing Legal Battle
In a significant update during Wednesday’s mid-day North American session, attorney James K. Filan released new court filings dated April 16. These documents shed light on a key development in the U.S. SEC vs. Ripple Labs lawsuit.
According to the court order, Circuit Judge José A. Cabranes approved a joint motion from both Ripple and the SEC. The appeal process will be placed on hold temporarily, as both parties aim to resolve the matter outside of court.
Notably, the order requires the SEC to submit a status report within 60 days. This ensures continued oversight. Moreover, as part of this settlement effort, Ripple has agreed to pay a $50 million fine, marking a major step toward closing the long-standing legal dispute.
XRP Price Forecast: Bullish Reversal Pattern Signals Possible Breakout
After ending Q1 with bearish sentiment, XRP is now showing early signs of a bullish turnaround. In recent weeks, momentum has steadily built, attracting attention from both retail and institutional investors.
The token currently holds a fully diluted valuation of nearly $206 billion, with a daily average volume around $3.45 billion. Importantly, XRP is forming a key reversal pattern on its daily chart. This inverse head and shoulders formation is commonly seen before upward breakouts.
Additionally, a bullish RSI divergence adds further strength to the technical outlook. If XRP sustains support near the $2 mark and continues above its year-to-date descending trendline, analysts expect a potential move toward $2.8 to $3 in the near future.
