Ripple XRP lawsuit As investors got ready for the SEC’s forthcoming closed-door conference and the likelihood of a vote to revoke the appeal in the continuous Ripple case, XRP came under further selling pressure. Legal uncertainty still strongly influences public opinion on the popular alternative coin.
Saying her opposition now harms bipartisan progress, Ripple’s Chief Legal Officer openly addressed Senator Elizabeth Warren’s ongoing attacks on digital assets. “Senator Elizabeth Warren’s war on crypto is so all-consuming, she’ll block bipartisan stablecoin legislation designed to protect consumers—just to take a cheap political shot,” his comment says.
Senator Warren attacked the proposed Stablecoin measure on May 5, pointing out a dubious connection between the Trump family and a digital currency funded overseas. She said, “The Trump family stablecoin jumped to 7th largest in the world due of a dubious crypto deal with the United Arab Emirates—a foreign government that will provide them ridiculous amount of money. A crypto measure passed by the Senate this week will help to enable this type of malfeasance.
XRP is still especially susceptible to Capitol Hill anti-crypto attitude. Whether the SEC appeals Judge Torres’s decision on Programmatic Sales of XRP, determines the possibility for an XRP-spot ETF. The SEC and Ripple submitted a combined move to stop the appeal in April, implying a potential settlement might not be far off.
XRP Price Outlook Legal Headwinds Still Resistent
Monday, May 5 saw Cryptocurrency Price 1.27%, therefore mirroring Sunday’s 1.32% loss and finishing at $2.1319. On the other hand, the larger crypto market climbed by 0.39%, increasing its market value to $2.9 trillion.
Several high-impact factors like regulatory clarification, ETF developments, and macroeconomic elements including Fed policy changes and US-China trade dynamics are expected to drive short-term XRP performance. Although a breakout over $2.50 could open the door to $3.00 and a possible retest of the all-time high at $3.5505, technically $2.10 is immediate support.
Reflecting ongoing caution among traders, XRP daily chart data continues to show flashing bearish indications into the week.
Bitcoin Decouples BTC Recovering Against XRP Weakness
XRP dropped, while on May 5 Bitcoin Strategic Reserve, considerable durability in spite of economic headwinds. Originally dragging BTC to an intraday low of $93,639, stronger-than-expected US data subsequently helped BTC rebound as optimistic triggers surfaced.
Overwhelming expectations, the ISM Services PMI rose from 50.8 in March to 51.6 in April. Especially, the Prices Index jumped to 65.1, which raises questions about whether service sector inflation might cause the Fed to postpone its next rate reduction. President Trump’s declaration of 100% tariffs on foreign-made films, meantime, added to market anxiety and pulled risk assets lower. Gold jumped 2.86% to settle at $3,332; the Nasdaq Composite Index dropped 0.74%.
MicroStrategy enhances BTC Holdings.
MicroStrategy (MSTR) doubled down on their bitcoin approach in front of an unclear macroenvironment. Chairman Michael Saylor revealed that the company now has 555,450 BTC acquired for around $38.08 billion after purchasing 1,895 BTC at an average price of $95,167.
This tracks a 15,355 BTC acquisition on April 28. Strong US BTC-spot ETF inflows—including $1.805 billion in the week ending May 2 and $2.942 billion for April—along with this buying frenzy have rebalanced BTC’s supply-demand dynamics and helped the price recover the $94,000 mark.
Bitcoin Outlook Key Events Driving the Market
Closing the May 5 session at 0.41% at $94,774 BTC marginally recovered from Sunday’s 1.67% decline. Near term price movement will rely on a spectrum of macro and legislative forces including Fed policy changes, trade developments, and ETF market flows.
Should US-China trade tensions rise, the Fed keeps a hawkish posture, or crypto legislation stalls—perhaps driving BTC below $90,000—a gloomy scenario might develop. On the other hand, should ETF inflows continue and pro-crypto legislation take hold, a bullish breakout above $100,000 is still in play.
The comeback of the Bitcoin Act by Senator Cynthia Lummis, which suggests that the US purchase one million BTC over five years with a 20-year holding period, is among the most keenly observed occurrences. Should the measure be passed, BTC’s long-term supply dynamics could be drastically changed.
Declaring on May 5, “I want crypto,” President Trump increased the impetus for pro-crypto policy. Crypto is crucial since, absent our actions, China will. His comments followed days after Arizona Governor Katie Hobbs vetoed a measure allowing public money to be allocated to digital assets including Bitcoin.
Positive momentum shown by BTC chart signals supports the argument for more gains should conditions remain good.
What Should One Watch Next?
Along with more general economic data and world regulatory trends, traders and investors should closely monitor changes in the ripple lawsuit, SEC proceedings, ETF fund movements. While strong institutional demand and good legislation could be crucial for Bitcoin’s ongoing expansion, a resolution in Ripple’s favor could raise XRP.
