XRP Poised for 60% Surge, Aims to Break $4 as SEC Leadership Change Boosts Sentiment

XRP is predicted to climb 60% after breaking out of a symmetrical triangle pattern, coinciding with progress in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).

According to CoinTelegraph on January 13, XRP surpassed the upper trendline of its symmetrical triangle pattern on January 11, accompanied by a spike in trading volume. This breakout is seen as a bullish continuation pattern.

The breakout target for a symmetrical triangle is determined by adding the pattern’s maximum height to the breakout point. For XRP, this calculation places the target price near $4. Independent market analyst World of Charts projected that XRP could reach this level "in the coming days."

As of January 12, XRP is showing signs of retreating toward the lower trendline of the triangle, near $2.37. A drop below this support could invalidate the breakout scenario, potentially pushing XRP down to the 50-12-hour exponential moving average (EMA) near $2.30.

Legal Progress and SEC Leadership Shift

XRP’s breakout aligns with Ripple’s minor legal victory against the SEC. On January 11, a federal judge approved Ripple’s administrative request to submit certain documents under seal.

The SEC is required to submit its opening appeal brief by January 15. The agency previously announced plans to challenge Judge Analisa Torres’ partial summary judgment, which ruled that XRP’s programmatic sales did not meet the Howey Test criteria.

Although SEC Chairman Gary Gensler will step down on January 20, his successor, former Commissioner Paul Atkins, is expected to continue pursuing the appeal. Gensler recently promoted senior cryptocurrency enforcement attorneys to ensure continuity in the case.

Legal experts anticipate that Atkins may adopt a less aggressive stance toward cryptocurrency. Former SEC Internet Enforcement Chief John Reed Stark commented, “Paul favors free markets and dislikes overregulation. He has long believed that SEC enforcement is often excessive, inconsistent, and in need of significant reform.”

With XRP’s technical indicators showing bullish potential and legal developments creating optimism, market watchers are closely monitoring its performance, particularly the critical $4 level. The outcome of the SEC appeal and leadership transition could significantly influence XRP’s trajectory in the weeks ahead.