XRP (XRP) Price Prediction: Attention Now Shifts to the Ongoing Legal Battle Between the U.S. Securities and Exchange Commission (SEC) and Ripple

XPR is currently trading in a tight range and continues to struggle to break above the $2.25 level. While it's unclear whether May will bring any strong price movement, some analysts believe June could mark the beginning of a new rally.

Crypto behemoth Bitcoin (BTC) faced rejection at the $70,000 level, leading to a decent correction. The rejection at this level was anticipated by many, and it seems to have set the stage for another rally towards new all-time highs.

Many altcoins also saw massive gains in May, but the majority of them faced strong rejection at crucial resistance levels. As a result, they could be seen setting the stage for another round of downward pressure.

However, some analysts believe that June could mark the beginning of a new rally, which would take Bitcoin to $100,000 and major altcoins like Ethereum (ETH) to $5,000.

Their predictions are based on the fact that the U.S. Securities and Exchange Commission (SEC) is expected to submit a status report on settlement discussions in the case against Ripple by June 9.

Moreover, the president of the SEC will vote on whether to appeal a court ruling that vacated an injunction against Ripple in its case with the agency.

If this happens, it must be done before June 9 to allow the SEC enough time to finalize court documents. Based on this timeline, the next two to three weeks could be important for XRP.

As for the potential impact on XRP’s price, predictions remain mixed. While some expect a rally—possibly a 20% jump followed by a pullback—others say the market could react sharply, and a sudden 3x move isn’t out of the question.

XRP is currently trading in a tight range and continues to struggle to break above the $2.25 level.

If this level breaks, the next resistance level is seen at $2.35, and a close above this level could open the door for a move toward the $2.45 to $2.50 range, where stronger resistance is anticipated.

On the downside, immediate support is seen at the $2.15 to $2.17 level, and a break below this range could open the door for a move toward the $2.00 level.

A strong support level is also seen just above $1.95, and if this level holds, it could set the stage for another rally toward the $2.35 level.

However, if the $1.95 level fails, it could lead to a steeper decline, with the next major support level seen in the $1.5 to $1.6 range.