Ripple Regulatory Wins Keep Piling Up, But Here's Why the XRP Price Is Still Stuck

The regulatory picture for Ripple and XRP has never been cleaner. The SEC case is settled. XRP is not a security. Seven spot XRP ETFs have been live since November 2025. The CLARITY Act markup is scheduled for late April. An SEC crypto roundtable happens on April 16.

This is what winning looks like. Except price does not care.

For weeks, the XRP price has moved between $1.30 and $1.40. The range is tight. The volume is low. The community is bored. It could not be more boring for XRP holders right now. Then analyst Swarmik posted an interesting chart and short update on X.

XRP Short Update: Trader Sees Small Rally Coming

Swarmik is holding a short position. He says that after a big drop, XRP entered a consolidation phase on medium timeframes. Nothing to worry about. Everything is fine. But he started noticing an interesting pattern.

The price is deviating from the same sloping trendline that was there before the previous rally. Back then, there were three touches of that trendline before a decent rally. Swarmik thinks something similar could happen now. The price movement pattern is repeating – only the timeframes differ.

Source: X/@swarmister

He is not feeling optimistic. But a small rally is possible. If it happens, he says use it to set up shorts in the areas you are familiar with. In other words, any bounce is a selling opportunity for his position. He is not calling a trend reversal. He is calling a temporary relief bounce within a broader short thesis.

The chart he shared shows the sloping trendline, the three touches, and the projected bounce area. His targets are not listed, but the message is clear: the path of least resistance is still down. A rally would be a gift for short sellers.

Read also: XRP Ghost Town: Why the Silence Is a Trap Before the Clarity Act Explosion

But fresh SEC guidance on DeFi interfaces and a bold $28 price call from CryptoBull could finally break the boredom – read our latest XRP update.

Where Could the XRP Price Go From Here?

Short term, there are no clear indications of heavy pumps or sharp dips. The range is tight. Volume is low. The regulatory wins have not translated into buying pressure. The CLARITY Act markup could be a catalyst, but the market has learned to wait for actual passage, not just news.

$1.40 is resistance. The XRP price has tested it multiple times and failed each time. $1.30 is support. That level has held for weeks. A break above $1.40 would open the door to $1.50 and then $1.65. A break below $1.30 would likely send XRP to $1.20 or lower.

This is crypto. Expect the unexpected. A single tweet from a lawmaker or a surprise ETF inflow could break the range. But based on the current chart and the analyst's short update, the boring range is likely to continue until the CLARITY Act markup later this month.