Can $XRP Continue to Surprise the Market?

Cryptocurrency analyst and trader Scott Melker believes that this token has not yet stopped, although its next move depends on various factors and not just momentum. In a recent statement about the future of XRP, Melker pointed out several catalysts behind its previous price surge. One of the biggest catalysts, he said, is the long-awaited regulatory clarity after the court ruled that XRP is not a security. That decision helped lift a significant burden off the asset, creating space for it to appreciate and re-enter investors' portfolios. But the slight recovery may not be enough to sustain another rally. Melker argues that XRP will need a new narrative to capture attention — a spark beyond legal victories and ETF speculation. He believes the market has priced in the good news. Meanwhile, the legal battle between Ripple and the U.S. Securities and Exchange Commission is still ongoing. A proposed settlement that would reduce Ripple's penalty from $125 million to $50 million has encountered setbacks as Judge Analisa Torres dismissed it, stating that the conditions did not meet legal standards. Technically, analyst Ted Pillow has identified signs of potential continuation. XRP has recently broken through a declining resistance trend and is currently above a key support level. If buying pressure remains intact, the asset could target a range from $2.9 to $3.0. However, failing to maintain the current level could pull it back to previous lows. Currently, the path ahead for XRP may not depend much on the courts and charts, but rather on whether it can once again attract the attention of the market.