XRP Price Holds Strong at Support Ahead of SEC Meeting as Ripple Explores Acquisition of Circle

As of Tuesday, the Ripple-associated cryptocurrency is holding firmly near the $2.30–$2.34 support range, showing signs of resilience despite a recent pullback from the $2.65 high

As of Tuesday, the Ripple-associated cryptocurrency is holding firmly near the $2.30–$2.34 support range, showing signs of resilience despite a recent pullback from the $2.65 high reached earlier this month.

According to technical analysts, the $2.30 price level aligns with the 50-day moving average and a long-term ascending trendline that has supported Ripple XRP news sentiment since early April.

XRP/USD is consolidating in a bullish compression pattern above a rising trendline, with a breakout above $2.70 potentially paving the way toward $3.50. Source: dennishrndz on TradingView

Following its correction, XRP bounced from this key zone on May 25, forming a bullish candlestick and sparking speculation of a potential reversal. However, the move remains unconfirmed, with mixed signals from momentum indicators like the RSI and MACD. As one analyst put it, “The bullish outlook will only gain strength if XRP manages to break above its recent swing highs with conviction.”

Ripple-Circle Acquisition Rumors Drive Fresh Investor Interest

Fueling XRP’s momentum is a wave of speculation surrounding Ripple’s potential acquisition of Circle, the stablecoin giant behind USDC. While neither company has officially confirmed the deal, reports suggest that Ripple has held “informal talks” with both Circle and Coinbase.

The rumored valuation for Circle stands at around $5 billion, aligning with its IPO ambitions.

On-chain analyst Kate Young Ju chimed in, stating, “If Ripple acquires Circle, it would be a strategic move that reinforces XRP’s role in the future of stablecoin utility.” Many XRP news watchers believe that this could amplify institutional interest in the token. With stablecoin demand rising across crypto and traditional finance, the merger could position Ripple as a dominant infrastructure provider in the evolving cryptocurrency market.

Some investors, especially those anticipating Circle’s public listing, may start viewing XRP as an attractive proxy investment. “Investors who were waiting on Circle’s IPO may now turn to XRP,” Ju added, “as it aligns with the growing need for stable, scalable blockchain payment solutions.”

XRP Price Prediction Hinges on SEC Meeting Outcome

In parallel with bullish Ripple news, XRP’s legal situation continues to influence its price dynamics. Traders are closely watching an upcoming closed-door U.S. Securities and Exchange Commission (SEC) meeting scheduled for Thursday, May 29. This meeting is widely expected to discuss potential developments in the SEC Ripple lawsuit, particularly in the wake of Judge Analisa Torres’ recent rejection of the SEC’s motion to alter her final ruling.

This decision, which upheld the institutional sales ban and Ripple’s $125 million penalty, sent XRP tumbling to $2.26 earlier in May. Legal experts believe the upcoming SEC meeting could be pivotal in reigniting settlement talks. Pro-XRP attorney John Deaton has noted that meaningful progress could hinge on whether the SEC begins recognizing XRP as a commodity rather than a security—a move that could dramatically shift the XRP lawsuit news landscape.

“If no deal is reached,” Deaton explained, “the court may push the SEC to appeal or grant additional time if both parties show a willingness to settle.” Some legal analysts even suggest the possibility of the SEC’s case being dismissed on procedural grounds, although such an outcome remains unlikely.

Market Data Points to Renewed Activity Around XRP

Despite the broader uncertainty, XRP trading metrics suggest growing investor engagement. According to CoinGlass, open interest in XRP futures rose by 2.25% to $4.76 billion, while derivatives volume surged over 25% to $3.14 billion within 24 hours. Spot trading volume also jumped significantly to $1.86 billion.

This uptick in activity reflects shifting trader positioning as anticipation builds around the SEC meeting and the potential Ripple-Circle deal. Technical indicators remain mixed: the RSI is neutral, while the stochastic oscillator hints at a possible rebound from oversold levels. Meanwhile, tightening Bollinger Bands suggest an imminent breakout in either direction.

For XRP bulls, a breakout above $2.47 could open the door to retesting the $2.65 level, while a drop below $2.29 may deepen the correction toward $2.20. As the XRP SEC lawsuit and Ripple market developments unfold, these key levels will serve as immediate markers for price direction.

Ripple Ledger and Broader Ecosystem Outlook

Beyond price action, Ripple continues to expand its footprint in the broader blockchain ecosystem. Its Ripple Ledger remains a core component of the company’s infrastructure strategy, supporting financial institutions and payment corridors worldwide. Integration of stablecoin infrastructure, especially if the Circle deal materializes, would only strengthen this foundation.

XRP was trading at around $2.341, up 2.53% in the last 24 hours at press time. Source: XRP Liquid