XRP Price Analysis: Breakout Imminent as SEC Removes Ripple Case from Records

The XRP price edged down a fraction of a percentage in the last 24 hours to trade at $3.11 as of 02:26 a.m. EST on trading volume that dropped 17% to $6.1 billion.

Investors are closely watching today’s SEC closed-door meeting, which has reignited speculation over the Ripple case’s outcome.

The meeting will feature SEC Acting Chair Mark Uyeda and Commissioner Hester Peirce, leading to fresh theories within the XRP community. This comes after the SEC reportedly removed all references to Ripple from its litigation releases section—an omission that many believe signals the case could be approaching its resolution.

SEC Removes Ripple Case from Their Records?

There's chatter on X today about the SEC potentially removing all references to the Ripple civil actions from their website. If true, this could be GIGA BULLISH for $XRP!

However, always approach such news with caution until… pic.twitter.com/kMnpStijao

— Chad All-In Top Daily Crypto News (@Chad_allin) January 28, 2025

Adding to the discussion, Ripple CEO Brad Garlinghouse recently cautioned against crypto maximalism, advocating for a more inclusive industry approach.

Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.

— Brad Garlinghouse (@bgarlinghouse) January 27, 2025

The XRP price edged down a fraction of a percentage in the last 24 hours to trade at $3.11 as of 02:26 a.m. EST on trading volume that dropped 17% to $6.1 billion.

The price of XRP has been converging within a falling wedge pattern since mid-January, following a surge from the $2.4 support. The token price soared to highs of about $3.38, just shy of touching its all-time high (ATH) at around $3.40.

However, the surge could not be sustained, and XRP has since been trading within the confines of the triangle pattern, as highlighted by GeckoTerminal data.

A breakout from this triangle pattern is now imminent, with the price of XRP headed toward the upper boundary of the wedge.

The downtrend has pushed XRP to trade slightly below the 50-period Simple Moving Average (SMA) on the 4-hour chart, but it remains above the 200-period SMA. This shows that the asset may still be on a bullish trend.

The Relative Strength Index (RSI) is currently at 53.76, which is a neutral reading, indicating that the market is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) suggests a positive price outlook, with the blue MACD line crossing above the orange signal line.

Based on the XRP price analysis on the 4-hour timeframe, the token’s imminent breakout is set, with the price converging at the apex of the wedge.

A breakout above $3.20–$3.25 with strong volume could push XRP toward $3.40–$3.50 to record a new ATH. Conversely, a breakdown below $3.00 may send the price of XRP toward the 50-period SMA ($3.0992) first, followed by the 200-period SMA ($2.6967) if selling pressure increases.

Meanwhile, investors are wasting no time buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 135k subscribers, says the meme coin could soar 100X after its launch.

Wall Street Pepe Presale Raises Over $64.2 Million – Next 100X Crypto?

Ethereum-based meme project Wall Street Pepe has been one of the most popular crypto presales of early 2025.

The project, which combines meme culture with trading tools for retail investors, is now racing towards $65 million in presale funding, with only 17 days left until its ICO comes to an end.

Beyond the suited-up frog mascot and Wall Street energy, Wall Street Pepe is positioning itself as more than just another meme coin.

WEPE aims to level the investment playing field for little investors because he’s always hated the whales who dominate the market and disclose their next moves in small, secretive, insider groups.

I don't make the rules. 🐸⚔️ pic.twitter.com/iZAR8Zt055

— Wall Street Pepe (@WEPEToken) January 28, 2025

The solution? WEPE created its own WEPE Army to unite small investors and empower them to go face to face with whales. The project will offer small traders trading strategies and insider tips to buy the best cry