XRP Price Plunges As Ripple v. SEC Lawsuit Sails Past Discovery Stage, Are Dips Profitable?

XRP price bleeds following Friday’s rejection of $0.58 resistance as traders watch out for possible rebounds before buying dips.
By John Isige
Updated July 17, 2025
XRP Price: Whales Move 80M Coins Post Massive Escrow Movements, What's Next?

Highlights

  • Ripple and the SEC begin the final journey of the longstanding lawsuit.
  • Crypto exchange LEJILEX files a lawsuit against the SEC, seeking regulatory clarity over intended secondary token sales.
  • XRP price eyes liquidity in the range between $0.52 and $0.53 to support uptrend above $1.

Cryptocurrencies encountered increased volatility on Wednesday, with Bitcoin leading the rout with a drop to $50,500. XRP price, not spared by the forces in the market, rolled back to trade at $0.5375 on Thursday.

The cross-border money remittance token posted a 2.2% decline in seven days, underscoring the changing technical landscape in February.

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Ripple v. SEC Lawsuit Past Discovery Stage

The Securities and Exchange Commission (SEC) is facing criticism and a new lawsuit filed by the Crypto Freedom Alliance of Texas (CFAT). In an interview with Bloomberg TV earlier this week, Ripple’s CEO Brad Garlinghouse criticized the agency for consistently losing lawsuits.

Although the court ruled in July last year that secondary sales of XRP did not constitute securities, Ripple is still battling in court ahead of the determination of the case on institutional token sales.

With the case past the discovery stage following the deadline on February 20, both Ripple and the SEC are preparing remedies-related briefs, with set deadlines on March 13, April 12, and April 29.

The court is expected to rule on Ripple’s penalty for its institutional XRP sales on April 29, thus concluding as long as there is no trial.

CFAT is going after the SEC regarding crypto exchange LEJILEX’s intended “secondary-market sales of digital assets” similar to Ripple’s. Such a declaration would mean that LEJILEX will not be required to apply to be regulated by the SEC.

The SEC has 60 days to respond to the first-of-its-kind lawsuit where an exchange is suing the agency ahead of a project launch, seeking regulatory clarity.

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XRP Price In Search Of Liquidity

XRP has from Friday seen its value decrease by 6.65% to $0.5375. Based on its position below the 200-day Exponential Moving Average (EMA), this correction may continue to the next range support between $0.52 and $0.53.

The Moving Average Convergence Divergence (MACD) indicator backs the bearish technical structure as it slides further below the neutral line.

The neutral Relative Strength Index (RSI), dropping toward the oversold region, paints a grim short-term picture.

XRP price chart
XRP price chart | Tradingview

Should XRP price be accepted above the dotted trend line, bulls will find it easy to restart the uptrend toward $1. However, this remains to be seen with a drop to support range $0.52 – $0.53, likely to provide more liquidity for a stronger rebound.

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John Isige
John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.
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