XRP trades in narrow range amid hopes for SEC dispute resolution

XRP has settled at $2.05 following a 3.5% drop overnight, amid persistent selling pressure and growing doubts surrounding regulatory decisions. The spotlight is now on the upcoming Securities and Exchange Commission (SEC) meeting on April 4, where investors are hoping that the SEC will dismiss its appeal against Ripple. 

Earlier, Ripple CEO Brad Garlinghouse announced that significant progress had been made in the negotiations as of March 19. This fact fueled optimism about the potential lifting of SEC restrictions on institutional XRP sales and the conclusion of the lengthy legal proceedings. 

Nevertheless, the token's growth is being held back by high volatility and a lack of clarity regarding the meeting's outcome. After a failed attempt to hold a position above $2.20, XRP is currently trading between $2.05 and $2.50. The crypto's market capitalization is around $122.3 billion, still 40% below its peak.

FXLeaders analysts warn that any delay in the SEC's decision could intensify the pressure on the XRP's price.